Middle Office Loans Associate
2 months ago
global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management.
Department overview:
The successful candidate will work on a Loans Middle Office team:
- Coordinate primary closing Loan transactions from start to end across various Business Groups. The role entails working closely with Investment Banking, Global Markets, Legal, Client On boarding, and Treasury.
- Review Credit Agreements for operational aspects and build / set up deals in Loan IQ
- Reconcile past due items and resolve past due items in a timely manner
- Investigate discrepancies/problems and efficiently resolve sensitive operational issues
- Coordinate with Client Onboarding for any KYC requirements for new clients
- Working in a very dynamic environment to manage the full portfolio and Closing of PAR and Distressed LSTA loan trades
- Ability to manage the trade portfolio, across multiple business lines, following all trades from Trade Date to Settlement whilst maintaining a clean open trade aging profile and driving reduced settlement times
- Drafting of Loan Trade Closing documentation - including Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not closing via electronic platform
- Coordinating with Trader, sales and Legal (internal and external) on proposed changes to Trade documents
- Working directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades
- Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions
- Collaborate with Servicing Team in Mumbai and manage all aspects of bank debt operations including lifecycle events processing, trade closings, cash and position reconciliation, and corporate actions
- Ability to work closely with business teams to resolve queries and provide first level account service
Skills, experience, qualifications and knowledge required:
- 6-8 years of Bank Debt experience is required
- Primary Loan Closing and servicing experience (bilateral and agency)
- Strong interpersonal skills as this role requires the ability to effectively communicate and prioritize the resolution of time-sensitive issues with internal and external stakeholders
- High attention to detail
- Ability to work in a fast paced environment
100k to 140k
- Experience with loan IQ is preferred
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