Our client, a leading global bank, is looking for an experienced Secondary Loan Settlements temp to support their Loan Closing team on a 12-month contract. This role will require 2 days in their London office, with 3 days working from home, providing an excellent hybrid opportunity for the right candidate.
Role of the Secondary Loan Settlements position:
- Primary responsibility is to support the Banks Loan closing team, ensuring timely execution of documentation in relation to Primary Syndication and Secondary Trading transactions.
- Reviewing and understanding syndicated credit agreements with specific focus on transfer mechanics.
- Reviewing LMA standard documents and other trade-related documents including confirmations, assignment agreements and participation agreements.
- Identifying and escalating issues to the front office trading teams, internal legal counsel and operations management.
- Working directly with counterparties, internal partners and external Agents to resolve issues and ensure timely closure.
- Creating and understanding key metrics reporting for daily / weekly / monthly reporting of open / closed / new trade population.
- Coordinating timely and precise trade settlement with various settlement groups across the Bank.
- Review and approve all lending documentation, ensuring operational aspects are controllable and in accordance with agreed procedures.
Knowledge, Skills, Experience & Qualifications:
- Excellent knowledge of the LMA market.
- Experience of loan settlements.
- Knowledge of Loan IQ.
- An excellent understanding of key risks and associated control points in the transaction lifecycle.
If you feel your experience would suit this position, please submit your CV to us for review.