Trade Settlement Specialist

3 weeks ago


Andover, United States HireTalent - Diversity Staffing & Recruiting Firm Full time

Title: Trade Settlement Specialist

Location: Andover, MA 01810

Duration: 12 Months

Pay Rate: $27.58/hr on W2


Position summary:

  • The goal of a Middle Office Specialist is to oversee Trade Settlement client relationships.
  • Provide excellent customer service and loan settlement services to our growing client base while adhering to strict deadlines and targets given.
  • The position offers exposure to external industry entities such as portfolio managers, custodians, and agent banks.


Duties and accountabilities:

  • Oversee client portfolio(s)/Agency trades in our loan Trade Closing outsourcing services
  • Proactively manage and effectively communicate with internal and external clients
  • Manage counterparty's expectations to receive and review primary/secondary par and distressed trade documentation
  • Coordinate trade closings among clients, counterparties, and agents – may include coordination with legal counsel for distressed and/or participations
  • Review trade documents, including trade confirm, assignment agreements, and funding memos for discrepancies prior to settlement including using third-party systems
  • Manage outstanding trades and maintain comments per client expectation
  • Deliver closing packets to custodians and clients before the stated deadlines Education and experience:
  • Knowledge of par and distressed loans and the documentation
  • Knowledge of trade fee calculations
  • Ability to read and interpret credit agreements
  • Experience with daily loan transactions
  • Exposure to ClearPar/VTS/Markit WSO systems a plus


Education and experience:

  • BA or BS BA / BS or equivalent work experience in the financial field Commercial awareness



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