Transaction Management - Loans - LIBOR - Bank - £650/day Transaction Management - Loans - LIBOR - Bank -  …

Morgan McKinley
in London, United Kingdom
Contract, Full time
Last application, 22 Sep 21
Competitive
Morgan McKinley
in London, United Kingdom
Contract, Full time
Last application, 22 Sep 21
Competitive
Transaction Management - Loans - LIBOR - Bank - £650/day
Job Summary
  • City of London
  • Contract
  • BBBH786628
  • Sep 09, 2021
  • £600 - £700 pd

Job Description
Loans, LIBOR, Transaction Management, LMA, Bilateral, Syndicated, Credit, Loans, LIBOR, Transaction Management, LMA, Bilateral, Syndicated, Credit, Loans, LIBOR, Transaction Management, LMA, Bilateral

My client, a leading US investment bank are looking to hire a Transaction Management specialist with Loans experience, paying £650/day on a six months rolling contract, initially working from home.

Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and non-profit organizations.

Wholesale Lending Services (WLS) is a division within the Commercial Bank' Global Services department, which supports clients in Corporate & Investment Bank; Asset Management; Commercial Banking and Business Banking. The group consists of approximately 2,200 employees and is responsible for 300,000 loans in excess of $500 billion.

Job Description

CB - LIBOR remediation - Transaction Management Specialist - Loans

The transaction management team is known as Credit Products Delivery team, a middle office transaction management partner for clients of the Global Corporate Bank, Commercial Bank and Global Trade Businesses. Credit Products Delivery provides expertise in the negotiation and review of legal documentation and end-to-end transaction management for Loan and Traditional Trade Finance products.

Primary responsibilities:
  • Operate as an SME with respect to LIBOR transition within the Credit Products Delivery team
  • Review LIBOR remediation provisions in legal documentation across core corporate lending categories, with a focus on risk free rate provisions within bilateral and syndicated working capital / term loan facilities for EMEA clients
  • Liaising with internal/external counsel and Bankers to agree transaction documentation
  • Draw on expertise to suggest solutions for appropriate stakeholders (Corporate Bankers, internal/external counsel) as necessary, ensuring they are brought into the debate in a timely manner to reach a resolution
  • Manage controls framework, reporting and escalation for LIBOR remediation transaction execution; including preparing and coordinating documentation deviations and approvals during negotiations

Key Skills:
  • Sound knowledge of both LMA Bilateral and Syndicated Facilities
  • Good understanding of the current risk free rate landscape
  • A sound understanding of credit execution, transaction management, credit products and banking processes
  • Solid decision-making capabilities and the ability to identify problems and drive to a resolution
  • Excellent coordination skills and a strong control mindset
  • Demonstrated ability to manage relationships, both internally and externally
  • Good organization skills, and ability to work well under pressure and to tight deadlines, including strong prioritization skills
  • Excellent verbal, written and interpersonal communication skills; ability to interact professionally and confidently with senior deal team members within the Front Office globally
  • Confident, self-starter, assertive and energetic
  • Lead by example; set high standards of performance for self and others

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

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