Location: Downers Grove,IL, USA
Job Purpose (Job 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 the 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