Vice President Loan Closer

Position: Permanent

Salary: £80,000 - £100,00

Location: London

Job ID: JA1208VPLC

Our client, a successful leading global bank, is looking for an experienced Vice President Loan Closer to join their busy London office.

The Main Responsibilities of the Vice President Loan Closer are;

  • Trade booking amendments and updates – WSO
  • Murex – Assignment or Ad Hoc Fee bookings
  • Trade Bookings – record bookings and capture in systems and progress to settlement with a minimum lag time
  • Prepare settlement documentation manually or via Clearpar for Balance Sheet Management trades in line with the trade terms agreed.
  • Trade documentation – preparing and checking manually or via Clearpar.
  • NDA preparation for the purpose of completely trade settlement & management/receipt and sharing of documents
  • Debt Domain notifications to be addressed where required
  • Management of Stratum allocation and settlements (manually outside of Clearpar)
  • Settlements documentation for sub-participation, elevation, liaising with the agent
  • Liaise with internal and external counterparties such as Loan Operations (for Balance Sheet Management activity), Agent Banks, Clients, Account Officers and Legal Department.
  • Record paydowns in spreadsheet and request Murex Support to apply in the system
  • Ensure Clearpar are taking necessary actions o
  • Invoicing and Charging Process
  • Negotiation with counterparties to agree settlement figures and set settlement dates
  • Amend WSO, Clearpar and Murex for back office to be able to make the correct payments
  • Coordination with KYC team regarding onboarding counterparties and splitting the trades into the sub-accounts in WSO
  • Waiver requests co-ordination with counterparties and the Trading Desk.

The Skills and Experience require of the Vice President Loan Closer are:

  •   Experienced Loan closer suitable for a VP Level
  • Experience in distressed trades is desirable but not essential
  • Strong gasp of front to back control standards
  • Applicable or comparable product knowledge
  • Knowledge on LMA / LSTA documentation standards and operating principles