Job Summary

Financial Markets Middle Office was set up in 2016 to deliver first class trade support, business enablement and accurate / timely trade representation in order to meet obligations to clients, counterparties and regulators. We are product and process subject matter experts aligned to the Global Financial Markets business providing follow the sun support, a continuous improvement mindset and industry connectivity.

Due to the dynamic growth of our team, we are looking to hire two specialist to join us. 

Key Responsibilities

• Trade capture and coordination for loans.
• Closing of LMA and LSTA loan trades.
• Manage workflows via Clearpar/Markit/Loan IQ.
• Drafting of Loan Trade settlement documentation – Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) for paper trades.
• Review of underlying credit documentation to ensure accurate assignment of debt.
• Liaise with our business partners, counterparties and legal counsels in a professional manner and take the lead role where required.
• Manage and coordinate all aspects of trade settlements and be aware of the nuances of transferring inventory under various governing laws.
• 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.
• Drive continuous improvement and innovate on Secondary Loan Closing processes, including partnering with Technology to deliver transformation.
• Understanding and manage query remediation and other day-to-day processing, ensuring timely escalation, in order to minimise risk.
• New business enablement and solutions, partner to deliver strategic initiatives and drive Operational readiness.
• Operations representation for external/internal and regulator scheduled audits, ensuring Audit points are addressed within timelines.
• Be up to date and ensure compliance with regulatory requirements.
• Adherence to Ops Risk Framework standards of implementation and process management.
• Periodic review of DOI, process note, daily check-list to ensure complete and accurate recording of process procedure.

Skills and Experience

• 3+ years of Secondary Loan Closing experience across LMA and LSTA markets.
• Closing trades via both ClearPar trade settlement platform as well as paper trades.
• Good understanding of LMA Term and Conditions.
• Understanding of common market practices and requirements across jurisdictions to settle trades.
• A good working knowledge of Legal & Tax standards/practices that are commonplace in the Market, such as the understanding of (i) Novation vs Assignment (ii) WHT (iii) Transfer.
• Analytical mindset.
• Strong inter-personal skills.
• Confident communicator - able to adapt style to Front Office and offshore colleagues.
• Demonstrate strong teamwork with internal and external stakeholders.
• Thrive on working in fast paced environment while maintaining attention to detail.
• Fast learner with the ability to think out of the box and provide solutions.
• Proficient in Excel (pivot tables, lookups and basic VBA an advantage).
• Flexibility to work in UK and US time zones is a must.
• Open to work in a hybrid model: 1-2 days a week in the office is a must. 

Technical skills

• Vanilla Credit products knowledge – Loans.
• Structured Credit products knowledge – Loan TRS/ TRCLI.
• System knowledge – Loan IQ, ClearPar, Murex. 

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.