Loan Closing/ Loan Settlement/ Loan Agency
Loan Closing Loan Settlement Loan Agency
Hays are looking for a Loan Closer / Loan Settlement Analyst to join an Investment Bank in London for a 6 month term.
You will be part of a team responsible for settlement of loan trades, by liaising with various counterparties (agent banks for example).
Key Responsibilities will include
- Closing of PAR LMA and LSTA loan trades
- Manage work flows via Clearpar/Markit
- Drafting of Loan Trade settlement documentation - Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not settling via Clearpar
- Review of underlying credit documentation to ensure accurate assignment of debt
- Liaise with our business partners, counterparties and their legal counsel in a professional manner and take the lead role where required.
- Be competent in all aspects of settlement and be aware of the nuances of transferring inventory under various governing laws.
- Have a good understanding of the Loan Market Association.
- Monitoring/tracking/reporting of all trades using appropriate workflow tools
- Identifying and escalating issues to traders, in house legal and compliance teams as well as management
- A number years of Par Closing experience across LMA and LSTA markets
- Fully competent of closing trades using the ClearPar trade settlement platform
- Good understanding of the LMA Term and Conditions.
- Understanding of common market practices.
- Good understand of the market and requirements across jurisdictions to settle trades.