Middle Office Loans Associate

3 weeks ago

New York, United States Phaxis Full time

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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