[vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-user” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619eb5149e4″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-gbp” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef35454666″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-map-marker” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef34854665″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-hashtag” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619ef8cc060″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1549902118595{padding-top: 20px !important;}”][vc_column_text]We have an exciting opportunity for an experienced Loans Agency Transaction Manager to join an IBOR project on an initial 1 year contract for a Tier 1 Bank
The regulator has indicated LIBOR will be demised by the 31 December 2021. This means the banks entire book of business will need to transition to the new benchmark the Risk Free Rate (RFR).
The role has been created to provide support in the IBOR transition project to the Client Service team acting as facility agent on syndicated loan transactions.
Main Responsibilities of the Loans IBOR Project Loan Agency Manager:
- Provide support to the team during the transition in particular with the amendment process in the loan agreement and ancillary documents.
- Continue to monitor market development including monitoring the transition and methodology to apply to non LIBOR benchmark
- Maintain and improve the process for transition and on boarding of RFR transactions.
- Maintain accurate data on our book during the transition.
- Building a strong understanding of the RFR concept. This means understanding the different methodologies and associated calculations and how this needs to translate in a loan agreement
- Provide support to the team on the transactions in handling amendments on this topic. Interacting with Lenders and Borrower when necessary.
- Act as an escalation contact for RFR matter on live transactions
- Ensure a robust data quality is maintained throughout the process as this will be key to the success of the project. This means building, updating and organizing different set of databased to monitor the progress of the migration and any future planned migrations.
- Interact with Operations and the IT team to ensure a smooth onboarding of all transaction, ensuring these can be supported in our operational system including checking operational readiness on any bespoke transactions.
- Be involved in internal meetings relating to the RFR project
- Coordinate the payment of the amendment costs on managed transactions.
Knowledge & Experience required;
- Knowledge and understanding of the syndicated loan market and the role of the facility agent
- Strong client relationships skills to drive a first class client service focused model.
- Thorough understanding of market standard loan documentation as well as strong understanding of operational risk.
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