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Bank Loan Services Analyst

Remote:

Hybrid

Contract:

Fixed term

Experience:

Mid-level (2-5 years)

Work from:

Louisville (US)

Offer summary

Qualifications:

Bachelor’s degree in Accounting, Business, Economics, or Finance, 2-4 years in Bank Loan Trade Settlements, Knowledge of syndicated trade settlements, Proficiency with Clearpar and Markit Clear, Experience in distressed and direct lending loans preferred.

Key responsabilities:

Lead and coordinate trade settlements for various loan types
Manage high trade volume portfolio and ensure timely resolutions
Handle daily cash management related to trade settlements
Act as a liaison with trustees and resolve position issues
Develop best practices for operational improvements

Metasys Technologies SME https://www.metasysinc.com/

201 - 500 Employees

See more Metasys Technologies offers

Job description

Job Position : Analyst, Bank Loan Services
Location : Louisville, KY, Houston, TX or Downers grove, IL (Onsite)
Duration : 6+ Months Contract

JOB DESCRIPTION:

Job Purpose (Job Summary):

Job Description Summary
Covers operations and related activities. Provides operational support to the asset management business and/or products.
Provides analytical support for the trading desks, including calculation of daily profit and loss reporting, capital utilization, inventory levels, currency exposure monitoring, maintaining inventory valuations, etc. Works with various areas to gather and share information for this support including risk management, product control and finance.
The Department
We provide innovative investment, product distribution, and information delivery capabilities that allow Client to create a superior investment experience for our clients and to lead in the markets we serve!
Your Role
Works with leadership team in Bank Loan Services settlements team to achieve a successful workflow during the lifecycle of a trade and beyond! Uses your existing knowledge to support the Bank Loan Services operations team, Front Office, and other business stakeholders related to the operational support and enablement of the success of the bank loan products. Proactively builds and develops relationships with internal business partners and third-party providers.

You will be responsible for:
• Leading and Coordinating trade settlements of Primary & Secondary loan trades for Par & Distressed, LSTA & LMA trades, non-Loan such as Equities; potentially Direct Lending

Managing high trade volume portfolio for inhouse as well as any outsourcing support and oversight for trades and/or complex deals
Working closely with Front office and trade counterparts to resolve trade discrepancies on time without risk of losing delayed compensation and escalate trades as needed
Daily cash management and projections for trade settlements, including CLO and Warehouses
Continuously building rapport and relationships with trade counterparts, custodians, Front Office and internal groups
Being a liaison with trustees and agent banks to resolve any position issues and resolve any recon breaks related to trade settlements
Gathering facts and trends to raise internally and with counterparties, focus on Controls and operational improvements
Developing, implementing, and advising the business on best practices, standards, procedures, and recommends strong internal controls
Participating in the design of solutions for new products and respective implementation along with collaboration with IT counterparts
Playing an active role in process automation projects and efficiency enhancements

The experience you bring:

Knowledge of Bank Loans 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 being up to date with LSTA and LMA rules and regulations
Trade confirmations, Assignment Agreements, Participations and Master participations, Netting Agreements and able to understand drafting/reviewing of manual funding calculations, KYC
2-4 years 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 & 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

Metasys Technologies is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identify, national origin, veteran or disability status.