Address
Form of workSenior Secondary Loans Closer
Location: London
Duration: 12 months
My high-profile client is recruiting for a Secondary Loans Closer. The role is a Hybrid position on site 3 days a week and 2 days from home, working normal office hours.
Description:
The EMEA Loan Documentation Team sits within Global Market Loan Operations and is based in London. The team primarily supports the Global Credit and Special Situations Group (GCSS) in the Global Markets Business. GCSS is a strategic trading desk that trades loans, claims, bonds and equities.
The EMEA Loan Documentation team supports the trading desks located in London and Hong Kong for all loans, claims and private equity trades that require documentation. The GCSS desk will typically trade loans on Par and Distressed documentation on both LMA and LSTA terms and conditions. As well as GCSS the Loan Documentation Team also provides support to Leverage Finance Desk in the support and coordination of Primary sell downs.
Responsibilities
- Ability to self-manage a portfolio of cross desk trades across different product lines.
- Responsible for preparing, negotiating and agreeing loan trade documentation with the trading desk, Legal and clients. Typically this will be on LMA & LSTA trading terms and conditions.
- Comprehensive and extensive review of documentation to ensure compliance with transfer, tax, legal eligibility criteria.
- Managing par and distressed asset inventory and coordinating trade settlement with external counterparties.
- Extensive client interaction (both internal and external), managing expectations for trade settlement.
- Responsible for ensuring transactions are completed within a timely manner.
- Involvement with departmental project work, including system platform enhancements and process review.
- Manage, annotate, report and escalate all exceptions to senior management, line of business and business supervisory.
- Provide support to the Confidentiality Agreements Team, helping to draft, negotiate and execute Non-Disclosure Agreements.
- Work closely with other internal and external teams: Loan Servicing, Loan Settlements, Loan Corporate Actions, Legal, Compliance, Tax and Agent Banks.
Requirements
- A good level of understanding of the Secondary Loan trading market and the forms of documentation used including Loan Market Association guidelines familiarity.
- Excellent verbal and written communication skills with good attention to detail.
- Client facing experience and ability to conduct discussions with clients in a confident manner.
- Risk focussed and able to identify issues and escalate to management.
- Work well in a team environment and maintain focus to achieve the goals of the team and the business.
- Ability to interact positively and effectively with all levels of management and associates.
- Excellent prioritisation and organisational skills.
- Ability to work under pressure and to tight deadlines.
- Self-motivated and willing to take on extended responsibility.
Other Qualifications
- Experience with ClearPar.
- Strong Microsoft Office Skills: Excel, Word, Outlook
- Legal background or handling of legal documents.
- Second language.
What's next? If you feel you have the skills and experience and want to hear more about this role hit 'apply now' to declare your interest in this opportunity with our client. Your application will be observed by our dedicated team.
We will respond to all successful applicants ASAP, however, please be advised that we will always look to contact you further from this time should we need further applicants or if other opportunities arise relevant to your skillset.
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