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Trade Settlement Specialist

2 months ago


New York, United States HireTalent 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