Hanover Street Capital, LLC (AKA "Hanover Street"), a wholly-owned subsidiary of Situs Group, is a commercial real estate platform dedicated to support Deutsche Bank's Commercial Real Estate Group. We provide a comprehensive suite of world class finance and investment solutions across primarily commercial real estate debt transactions.
Position would be a direct report to the VP of Compliance and have responsibilities including routine reporting reviews, database regulatory and compliance updates, asset management alignment, process improvement.
Interpret legal documents from newly closed and existing loan portfolio to identify reporting requirements by Borrower, Guarantor, Sponsor or any other Obligor
Support Asset Management team to communicate reporting requirements to Obligors, track documents received, update Access database as needed
Work with VP-Compliance to conduct random reviews of "closed" covenants to ensure full reporting received and compliant
Maintain routine contact and engagement with HSC Portfolio Management team to ensure database accuracy and efficiency
Support VP-Compliance with weekly ARK covenant past due reporting – download Excel export, populate ongoing file and generate charts. Prepare additional reporting/data manipulation as requested
Run OFAC and FinCen Obligor checks using HSC database (as needed); Report results to VP – Compliance
Upload FinCen files to Regulatory Data Corporation database upon receipt
Perform Regulatory Data Corporation data requests as requested
Update ARK database with AM and/or LA changes, missing data points
Assist VP –Compliance with policy and procedure drafting and implementation.
Support AM with outstanding reporting reviews, communicate gaps as needed to AM and VP-Compliance
Perform ad hoc analysis for AM team, Business Analysts, Compliance, DB Client requests
3- 5 years Financial Services experience in a legal or compliance related role
Experience reviewing and interpreting contracts and loan documents
Experience of Commercial Real Estate terminology and concepts is advantageous
Advanced MS Office suite including Access, Outlook, Excel, Power Point and Word.
Strong attention to detail, particularly when working with data
Strong communication skills – both verbal and written
Presentation skills, particularly in PowerPoint
Positive, professional attitude
Flexible with an ability to work on different tasks at once
An interest and willingness to learn about regulatory and compliance issues in the Banking sector