Legal Documentation and Covenant Control Analyst

4 weeks ago


Montreal Quebec, Québec, Canada SPECTRAFORCE Full time

Position Title: Legal Documentation and Covenant Control Analyst

Length of Contract: 5 months

Working Location: Montreal, Quebec

Hours of Operation: 8:00 am to 5:00pm (M-F)

Pay Rate: 32.59 / Hourly


Job Description:

The Legal Documentation and Covenant Control team is part of ITO CTM Transversal under Global Banking. The team verifies, stores and monitors the legal documentation and credit facility clauses of corporate clients.


Responsibilities

  • Verify that all required legal documents are received, including verification against the logging location performed by the relevant team within CTM. Upload and maintain documents in the internal database.
  • Monitor and update the contract's legal tracking log.
  • Participated in the response to various audits, including internal and external audits as well as regulatory reviews
  • Entry/validation and follow-up covenants for financing products.
  • Prepare a monthly notification to account managers for searches and continuations of security interests.
  • Prepare, classify and monitor security interests
  • Review of legal documentation for any promissory notes to be announced to the Federal Reserve (BIC) and retention of documents
  • Review and distribute daily and monthly default and exception reports, as well as additional reports as required.
  • Respond to requests for legal documents and records and related questions.
  • Monitor the entry and exit of share certificates in the vault
  • Reconcile exceptions and defects in documentation, clauses and warranties within ITO CTM and the business
  • Log, index, documentation of files and archives in banking systems
  • Investigate and respond to subpoena searches requested by the legal department
  • Maintain strong communications and partnerships within ITO, CTM, Risk, and Account Managers.
  • Participate in cross-trainings to improve knowledge, inputs, and synergies between teams.
  • Identify ways to improve and create efficiencies
  • Assist in the training of new team members
  • Other Duties Assigned


Skills Required:

  • Noting that the vast majority of our clients, both internal and external, are located outside of Quebec and Canada, specific language requirements may apply. Knowledge of English is required.
  • 2-3 years of relevant experience specialized in corporate banking documentation and/or documentation control experience in a commercial bank.
  • Strong written and verbal communication skills
  • Analytical and detailed
  • Ability to work independently and prioritize multiple tasks, work within time constraints, and take charge of task completion.
  • Ability to exercise good judgment in the face of unforeseen circumstances while adhering to established policies and controls.
  • Experience in middle office and/or operations preferred
  • Experience reading/working with legal documents is an asset.



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