Loan Trading Business Specialist
About the role:
The Loan Trading Business team facilitates transactions in both primary and secondary markets, providing liquidity and investment opportunities for market participants. Our team enables investors to gain or adjust exposure to corporate credit, manage portfolio risk, or capitalize on distressed opportunities by trading loan products following industry standards such as LSTA/LMA.
Your Key Responsibilities:
Work closely with sales & trading desk, clients, legal counsel, and operations teams to settle primary, secondary and distressed loan trades for US and UK desks
Create trades in ClearPar and confirm their details
Coordinate with counterparts and administrative agents to review and execute all trade documents necessary for closing in a timely manner, adhering to LSTA/LMA timeframes
Monitor trader's positions and monitor and manage a high volume of loan closings, updating the status for each trade, and performing reconciliations. Escalate any potential delays in trade settlement
Prepare and review LSTA/LMA standard documents including Trade Confirms, Assignment Agreements, Participation Agreements, Multilateral Agreements, and Purchase Sales Agreements for Distressed trades
Review and interpret Credit Agreements and Amendments, ensuring understanding of terms and conditions for both LSTA/LMA
Prepare and review pricing prior to settlement according to LSTA/LMA definitions, as well as closing packages for BPSS
Report the status of unsettled trades and key risk indicators to Management on a weekly basis
Profile and Skills to Success:
Bachelor's Degree in Economics, Finance or Accounting
Up to 2 years of experience in Banking and Financial Operations
Fluency in English
Proficiency in Excel
Client focused, resilience and analytical ability
Ability to collaborate and deliver results