Secondary Loan Closing - Global Loan Services - Associate

  • Competitive
  • Baltimore, MD, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 23 Oct 18

Secondary Loan Closing - Global Loan Services - Associate

- Responsible for coordinating with trade counterparties and clients to receive and review loan trade documentation while managing a trading portfolio of secondary loan trades.
- Self manage trade closing through communication with custodians, admin agents , counterparties, and fund administrators while maintaining minimal operational risk.
- Operate and understand proprietary trading systems as well as external trading platforms such as ClearPar & Virtus Trade Settlement as it pertains to the loan trading function.
- Interact with the Loan Trading desk, Legal, Sales and Operations groups in order to deliver solutions for Citis clients
- Develop strong working relationships with outside Deal Administrators to ensure accurate execution of trades
- Provide management with daily updates on activities, review issues within the assigned portfolio, and dimension solutions to achieve client satisfaction.
- Gain a strong understanding of Loan Syndication and Trading Association (LSTA) documentation and guidelines while developing a thorough understanding of the mechanisms which govern the corporate loan market.
- Generate loan documentation such as loan confirmations, loan assignments, and funding memos in accordance with LSTA guidelines.
- Actively converse with internal and external legal counsel to generate loan documentation and accelerate the closing process while ensuring Morgan Stanleys legal risk is mitigated.
- Candidate must be pro-active to independently identify and work to resolve potential risk, profit and loss, and legal issues while communicating pending concerns to the desk.

Qualifications:

- Bachelor's degree in finance/ operation management and/or commensurate amount of commercial banking experience is preferable
- Knowledge and understanding of LSTA & LMA standards as well as basic accounting principles is preferred
- Familiarity with Par loan trading market convention is preferred
- Very strong customer service skills with exceptional written and verbal communication skills
- Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations
- Detail-oriented, conscientious and energetic professional with ability to think creatively.
- Self driven and highly motivated team player
- Strong knowledge of Microsoft Office with focus on Word and Excel