Global Loans Total Return Swap Trade Management AVP Global Loans Total Return Swap Trade Management  …

Credit Suisse
in New York, NY
Permanent, Full time
Last application, 02 Mar 21
Credit Suisse
in New York, NY
Permanent, Full time
Last application, 02 Mar 21
Credit Suisse
Global Loans Total Return Swap Trade Management AVP
Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, we have a global reach with operations in about 50 countries and employ more than 45,000 people from over 150 different nations. Embodying entrepreneurial spirit, Credit Suisse delivers holistic financial solutions to our clients, including innovative products and specially tailored advice. Striving for quality and excellence in our work, we recognize and reward extraordinary performance among our employees, provide wide-ranging training and development opportunities, and benefit from a diverse range of perspectives to create value for our clients, shareholders and communities. We are Credit Suisse.

We Offer
A department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global Conduct and Ethics Standards
The TRS on Loans Middle Office supports the Credit Asset Finance traders based in New York and London in their financing of corporate loans for institutional clients including coordinating the funding of new loan transactions as well as leading all aspects of an external loan servicing provider in managing the loan closing and settlement process. The primary responsibility of this role is to ensure that all required financial and administrative transactions/actions are completed and appropriately reflected in the Firm's systems and records, where necessary, on an accurate and timely basis. Middle office interacts daily with multiple internal business partners involved with both the loan closing and swap management processes including trading, client onboarding, credit risk management, TRS on loans settlements team, collateral management and the trade documentations team. In addition Middle Office is the primary interface to our TRS clients and is responsible for addressing any loans or swap-related queries or issues raised by clients including facilitating resolution through the CS shared services division.
Core activities and responsibilities can include all or a subset of the following:
  • Trade capture for Loans Total Return Swap (LTRS) trading desk
  • Amend & reconcile loan and TRS positions between trade and settlement date supporting our clients and settlement team
  • Review and remediate breaks and other exceptions on daily control reports
  • Schedule and host on boarding calls with clients
  • Face external client staff as a point of contact for client partner concern
  • Participate in ad hoc initiatives as they occur (e.g. regulatory changes, market initiatives, new business, process improvements, UAT)
  • Manage corporate actions/credit events for TRS clients, including restructurings/re-financings
  • Manage and assist with the KYC process for the Special Purpose Vehicles which are responsible for purchasing loans on our clients' behalf
  • Monitoring collateral / addressing margin discrepancies
  • Liaise with Front Office daily including confirming and marking positions
  • Coordinate all aspects of loan settlement process with loan servicing provider/other business partners, including funding with external funding provider

You Offer
  • Understands the value of diversity in the workplace and is dedicated to fostering an inclusive culture in all aspects of working life so that people from all backgrounds receive equal treatment, realize their full potential and can bring their full, authentic selves to work.
  • The applicant must have a Bachelors Degree
  • Excellent technical skills in Excel
  • Excellent teamwork, interpersonal and conflict resolution skills
  • Outstanding written, verbal communication and presentation skills!
  • Good problem solving skills
  • Time management - ability to prioritize tasks, meet timeframes and work under pressure.
  • Basic Understanding of Accounting (Debit and Credit Principles)
  • Preferred
  • Loans experience
  • Diverse experience in an operational function within the finance industry which provides the candidate with an understanding of front to back trade management
  • Loan IQ exposure

  • Credit Suisse is an equal opportunity employer. Welcoming diversity gives us a competitive advantage in the global marketplace and drives our success. Credit Suisse complies with applicable federal, state, and local laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities. Subject to applicable law and regulatory requirements, Credit Suisse complies with state and local laws regarding considering for employment qualified individuals with criminal histories.
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