Loan Closing Operations Specialist
Posted 10 days 3 hours ago by Dianaduggan
Our client is seeking Loan Closing Operations Specialists to join the Credit Loans Middle Office Team. The team supports a range of business areas with the origination, syndication and secondary market trading of performing and non-performing loans.
They also ensure efficient pre-trade due diligence, execution and settlement across both primary and secondary loans.
As the team and workflow continue to expand, you will also gain exposure to other areas such as structured products and private equities.
Role: Loan Closing Operations Specialist
Day rate: £250 per day (inside IR35)
Pay framework: Umbrella Company
Start date: ASAP
Contract length: 6 months (with possible extension)
Location: Central London - onsite full time, Monday to Friday, 08:30 to 18:30
- Support the team to maintain the accuracy and integrity of the firm's risk positions and resolve any trade settlement issues
- Monitor trading systems for new trades and confirm trades with external clients
- Draft, review and negotiate transfer documents including trade confirmations and transfer certificates
- Liaise with Legal, Compliance, Credit, Trading Desks, and Agency and Servicing teams to ensure approvals are obtained and pricing/cashflows are agreed, reconciled and settled
- Understanding of Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA) standards are an absolute must.
- Knowledge and previous experience in Bank Loans Closing, Servicing or Agency activity
- Experience navigating Loan Credit Agreements
- Ideally familiar with ClearPar
- Ability to work well under pressure and meet strict deadlines
- Quick learner in a fast-moving environment
- Strong attention to detail and the ability to manage a high volume of work