Bank Loan Services Operations Specialist
3 hours ago
We are seeking a highly skilled Bank Loan Services Operations Specialist to join our team. 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 with internal and external stakeholders.
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, ensuring timely and accurate settlements.
- 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 recommend strong internal controls.
- Participate in the design of solutions for new products and implementation with IT counterparts.
- Play an active role in 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, netting agreements, and ability to understand drafting/reviewing of manual funding calculations, KYC.
- 2-4 years of experience in bank loan trade settlements.
- Experience in distressed and direct lending loans preferred.
- Proficient with Clearpar, Markit Clear, Wall Street Office (WSO).
- Adaptable to current and new technologies.
- Knowledge of workflow automation tools and ability to quickly learn processes desired.
- Excellent research and analytical, as well as 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 that would provide the knowledge, skills, and ability is required.
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