Par Loans Closing Operations Specialist - Middle Office, LMA, LSTA, ClearPar
Contract Role: Par Loans Closing Operations Specialist - Middle Office, LMA, LSTA, ClearPar
Contract Location: London.
(Onsite, Monday–Friday, 08:30–18:30)
Contract Duration: 6
months initially
Contract Start Date: Immediate
Contract Classification: Inside
IR35
This is an
exciting opportunity to join Deloitte Operations for an engagement with one of
our premiere Tier 1 Investment Banking clients.
Credit
Loans Middle Office works in partnership with various business teams to ensure
efficient pre-trade due diligence, execution and settlement (the ‘’closing’’
role) of both primary and secondary loans.
The team
is responsible for helping to maintain the integrity and accuracy of the risk
positions taken by the firm and resolving any trade settlement issues that may
arise
Key Accountabilities
- Monitoring trading systems for
new trades and confirming trades with outside clients
- Drafting, reviewing &
negotiating transfer documents (including trade confirms & transfer
certificates
- Liaising with Legal,
Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure
necessary approvals are obtained, pricing/cashflows are agreed, reconciled
and settled within our system
Essential Skills/Basic Qualifications:
- Corporate Loans Middle office experience covering Loan Documentation and Loan Closing (end to end process/lifecycle).
- Must have Par Loans experience
- Experience of Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA)
- Hands-on experience using ClearPar for loan trade settlement, workflow management, documentation processing, and coordination of primary and secondary loan transactions.
- Demonstrable
experience across loan closing, loan servicing or loan agency supporting
primary and secondary loan markets.
- Must have Middle office
operations experience
- Strong understanding
of the loan
lifecycle, including trade capture, settlement, funding, lifecycle
events, amendments, restructurings and reconciliations.
- Experience
interpreting and navigating Loan Credit Agreements, transfer
documentation and trade confirmations.
- Experience drafting, reviewing
and negotiating transfer documentation, including trade confirms and
transfer certificates.
- Strong understanding of
settlement processes for performing and non-performing loans.
- Professional approach and
ability to communicate well directly with external parties such as
borrowers, lenders and other agents