Bank Loan Services Operations Specialist

1 day ago


Downers Grove, Illinois, United States Icon Consultants Full time
Job Overview

We are seeking a highly skilled Bank Loan Services Operations Specialist to join our team at Icon Consultants. The successful candidate will be responsible for providing operational support to the asset management business and/or products, including trade settlements, cash management, and relationship building.

Key Responsibilities
  • Lead and coordinate trade settlements of primary and secondary loan trades, including par and distressed loans, LSTA and LMA trades, and non-loan trades such as equities.
  • Manage high trade volume portfolios for in-house and outsourced trades and complex deals.
  • Work closely with front office and trade counterparts to resolve trade discrepancies and escalate trades as needed.
  • Daily cash management and projections for trade settlements, including CLO and warehouse management.
  • Build and maintain relationships with trade counterparts, custodians, front office, and internal groups.
  • Act as a liaison with trustees and agent banks to resolve position issues and recon breaks related to trade settlements.
  • Gather facts and trends to raise internally and with counterparties, focusing on controls and operational improvements.
  • Develop, implement, and advise on best practices, standards, procedures, and internal controls.
  • Participate in the design of solutions for new products and implementation with IT counterparts.
  • Contribute to process automation projects and efficiency enhancements.
Requirements
  • Knowledge of bank loans and syndicated trade settlements support to the bank loan operations and front office teams.
  • Understanding of bank loans and how syndicated loans function in the market, including LSTA and LMA rules and regulations.
  • Trade confirmations, assignment agreements, participations, and master participations, as well as drafting and reviewing manual funding calculations and KYC.
  • 2-4 years of experience in bank loan trade settlements.
  • Experience in distressed and direct lending loans preferred.
  • Proficiency with Clearpar, Markit Clear, and Wall Street Office (WSO).
  • Adaptability to current and new technologies.
  • Knowledge of workflow automation tools and ability to quickly learn processes.
  • Excellent research, analytical, and problem-solving skills.
  • Formal education: a bachelor's degree in accounting, business, economics, or finance is required or an equivalent combination of education, training, and experience.


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