Secondary Loan Closer

Wholesale Lending Services (WLS) services clients in Business Banking, Commercial Banking, Asset Management and the Corporate & Investment Bank. The group consists of approximately 2,200 employees and is responsible for 300,000 loans with a value in excess of $500 billion.
 
Wholesale Lending Middle Office (WLMO) is part of WLS and provides global end-to-end loan origination, servicing, restructuring and trading support.  Services are tailored to the needs of the client and lines of business, ranging from bilateral to large syndicated loan agreements. Services provided include Loan Origination; Deal Closing & Funding; Documentation Review; Core Loan Servicing; Loan Closing & Trade Settlement. Within WLMO the following role has become available:
 
Loan Trading Documentation – Par & Distressed Loan Closer

Working in a very dynamic environment and partnering with the trading desk, external clients, legal counsel and operations to settle primary / secondary  par and distressed loan trades across EMEA, North America and Asia

Reviewing, negotiating and drafting LMA standard documents and other trade-related documents including confirms, assignment agreements, claims, proceeds letters, participation agreements, cash collateral agreements and multilateral agreements

Coordinating with internal and external legal counsel to agree to proposed changes to trade documents

Reviewing and understanding syndicated credit agreements with specific focus on transfer mechanics

Managing a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times

Identifying and escalating issues to the front office trading assistants / traders / sales people, internal legal counsel and operations management

Escalating LMA trade confirmation issues, focusing primarily on key economics, language and fee-related disputes

Working directly with counterparties, internal partners and external Agents to resolve issues

Monitoring / tracking / reporting of all escalated issues using appropriate workflow tools

Coordinating timely and precise trade settlement with various settlement groups across WLMO

Performing trade-related calculations, including delayed compensation, cost of carry and benefit of commitment reductions

Creating and understanding key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population

Responsible for waiver and amendment monitoring for credits where necessary

Working on non-BAU projects and initiatives designed to improve automation and strengthen the team’s control environment Requirements:Extensive knowledge of the LMA market to include bankruptcy and restructurings
Experience in distressed closings would be particularly desirable

Subject matter expertise in relation to loan transfer documentation and loan settlements

Knowledge of Loan IQ and ClearPar preferred

Excellent oral and written communication skills

Excellent analytical skills

Self-motivation with tangible examples of demonstrating drive and initiative

Highly organized

Extremely detailed and control orientated; keen to understand the detail

Ability to multitask efficiently under pressure and in a fast paced environment

Graduate calibre

Strong PC skills in particular Excel, Word and PowerPoint

Must be able to resolve complex issues on a frequent basis

Must have excellent client service skills

European language skills desirable