Associate Loan Closer

CLO Associate/Loan Closer Job Description14 years

• Manage day to day activity of CLO warehouses. Communicate trade flow between fund managers and TRS provider. Communicate/fix discrepancies.
• Enter/close CLO warehouse trades in LIQ to track positions
• Interpret warehouse legal documents to properly track life cycle of warehouse
• Tie out warehouse economics with CLO fund managers.
• Ability to manage the trade portfolio across multiple business lines following all trades from Trade Date to Settlement whilst maintaining a clean open trade aging profile and driving reduced settlement times
• Ensuring all new trades and fund allocations are added and set up in our internal systems
• Drafting of Loan Trade Closing documentation including Trade Confirmations Transfer Documents Pricing Letters (amongst others) when not closing via electronic platform
• Coordinating with Trader sales and Legal (internal and external) on proposed changes to Trade documents
• Identifying and escalating issues to the front office traders/ sales inhouse legal counsel compliance and management when necessary
• Working directly with clients internal partners and external Agents to resolve issues and ensure smooth closing of all trades.
• Prepare and review settlement calculations including delayed compensation cost of carry and benefit of commitment reductions
• Coordination and timely solution of any post trade settlement cash queries with Internal and external Clients.
• Responsible for waiver and amendment monitoring for credits across portfolio and action them with internal stakeholders when necessary including bankruptcy and restructurings
• Working on internal projects and initiatives designed to improve automation and strengthen the teams control environment across our global franchise.
• Assisting the Sales Desk on requests to onboard new Counterparties as needed when it is determined a new counterparty is being executed with. This includes confirming with Client and Account onboarding services that all relevant systems have been updated.
• Assisting the Trading Desk in coordinating between the various support teams to ensure that New Deals and Facilities are setup correctly and linked through the appropriate Identifiers. This includes ensuring the Trade Capture internal Settlement Platform (LoanIQ) and Electronic Settlement Platform (Clearpar) are mapped correctly from the start.
• Create new shell deals/facilities in internal Settlement Platform (LoanIQ) when necessary.
• Managing exceptions that come out of daily system reconciliation that highlight where is there is discrepancy between internal systems and electronic settlement platform (Clearpar). This includes both Counterparty and Facility identifier exceptions that are required to maintain Straight Through Processing between Trade Capture and Settlement platforms.
• Assisting the Secondary Loan Closers as they identify or respond to discrepancies identified by Counterparties during the normal course of business as it relates to Counterparty and Facility Identifier mapping. This includes errors that need to be communicated to the Sales & Trading Desk for their correction through a Cancel & Correct (CnC) or a static data issue that needs to be corrected through the relevant Client Onboarding/Security Master team.

Skills Required

• Knowledge of Loan IQ and ClearPar would be beneficial.
• Knowledge of information wall barriers preferred.
• Strong PC skills Excel Word and PowerPoint
• Excellent oral and written communication skills
• Selfmotivation with tangible examples of demonstrating drive and initiative
• Demonstrate they are a detail orientated individual that can multitask efficiently under pressure in a fastpaced environment
• Must be able to resolve issues daily
• Must have excellent client service skills with both internal and external clients
• humble and honest team player and a partner to all internal stakeholder across our global firm

The salary range for this role is $100000$120000.