If you are interested in developing your career in Loan Trading business, check the below offer.
The Loan Trading business is a part of the Corporate and Investment Bank’s Global Credit Trading platform. The business trades all privately issued loans, including second lien and mezzanine securities and in the case of distressed loans any successor or restructured instruments including restructured equity. Our client base includes the top European banks, credit funds, CLO investors, hedge funds and private equity clients.
As a Par & Distressed Loan Closer - Associate in the Loan Trading team you will partner with the trading desk and external clients, legal counsel and operations to settle primary / secondary par and distressed loan trades across EMEA. You will work directly with counterparties, internal partners and external Agents to resolve issues.
Job responsibilities
Understands, reviews and drafts LMA standard documents and other trade-related documents including confirms, assignment agreements, claims, proceeds letters, participation agreements, cash collateral agreements and multilateral agreements
Coordinates with internal and external legal counsel to agree to proposed changes to trade documents
Reviews and understands syndicated credit agreements with specific focus on transfer mechanics
Manages a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times
Identifies and escalates issues to the front office trading assistants / traders / sales people, internal legal counsel and operations management
Escalates LMA trade confirmation issues, focusing primarily on key economics, language and fee-related disputes
Monitors / tracks / reports of all escalated issues using appropriate workflow tools
Coordinates timely and precise trade settlement with various settlement groups across WLO
Performs trade-related calculations, including delayed compensation, cost of carry and benefit of commitment reductions
Creates and understands key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population
Works on non-BAU projects and initiatives designed to improve automation and strengthen the team’s control environment
Required qualifications, capabilities, and skills
Extensive knowledge of the LMA market to include bankruptcy and restructurings
Subject matter expertise in relation to loan transfer documentation and loan settlements
Excellent oral and written communication skills and analytical skills
Self-motivation with tangible examples of demonstrating drive and initiative
Highly organized
Extremely detailed and control orientated; keen to understand the detail
Ability to multitask efficiently under pressure and in a fast paced environment
Strong PC skills in particular Excel, Word and PowerPoint
Must be able to resolve issues on a daily basis
Must have excellent client service skills
Preferred qualifications, capabilities, and skills
European language skills
Knowledge of Loan IQ and ClearPar
Experience in distressed closings