Par Loan Closer AVP

Position: Permanent

Salary: £70,000 - £78,000

Location: London

Job ID: JA1503PLC

An exciting opportunity has arisen for a Par Loan Closer to join a tier 1 bank based in London at AVP level. You will be involved in all aspects of pre-trade and post-trade queries.

The main Responsibilities of the Par Loan Closer

  • Closing of PAR LMA and LSTA loan trades
  • Manage workflows via Clearpar/Markit
  • Drafting of Loan Trade settlement documentation – Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not settling via Clearpar
  • Review of underlying credit documentation to ensure accurate assignment of debt
  • Liaise with our business partners, counterparties and their legal counsel in a professional manner and take the lead role where required. 
  • Be competent in all aspects of settlement and be aware of the nuances of transferring inventory under various governing laws.  
  • Have a good understanding of the Loan Market Association.
  • 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
  • Have a very good understanding of Public / Private boundaries  
  • Seek to improve operational procedures and controls within the group. Identify weakness, articulate these and offer up solutions.

Experience Required of the Par Loan Closer

  • A minimum of 2 years Loan Closing experience across LMA and or LSTA markets
  • Fully competent of closing trades using the ClearPar trade settlement platform
  • Good understanding of the LMA Term and Conditions.
  • Understanding of common market practices.
  • Good understand of the market and requirements across jurisdictions to settle trades.
  • Essential to understand Public/Private restrictions.
  • Ability to multitask to complete all aspects of this role and to meet deadlines or required standards.
  • Demonstrable market risk, operational risk and control awareness.
  • Attention to details / high level of accuracy
  • Confident, enthusiastic and positive attitude.
  • Strong team player.