Primary Trader Assistant Associate
Primary Trader Assistant Associate
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Embark on a rewarding career journey with us as a Trading Services Associate. This role offers a unique opportunity to support the Leveraged Finance business providing operational input and coordination during the origination allocation and closing of credit agreements. Join a team that values growth collaboration and innovation and be part of a company that invests in your professional development.
As a Trading Services Associate within the Loan Trading Documentation team you will play a crucial role in supporting the Leveraged Finance business. You will work closely with the Debt Capital Markets team and the Syndication Desk ensuring seamless coordination and booking of primary syndication allocations. Your contributions will directly impact the efficiency and success of our primary syndication business fostering a collaborative and dynamic team culture.
Job responsibilities
- Support the Leveraged Finance business through the coordination and booking of primary syndication allocations as well as perform middle office functions in support of the primary syndication business.
- Coordinate track and ensure all required responsibilities related to primary delayed comp rules are completed prior to trigger dates
- Build and populate deals into Primary One for both institutional and prorata loans
- Extract and create lender lists from internal systems rolled up at the parent level
- Assist in tracking cashless roll and amendment vote trackers
- Coordinate with syndicate/capital markets on allocation mechanics for institutional allocations
- Create final allocation trackers to be distributed to the company bookrunners and back office
- Input and Submit Client Value Reference Data into the sales systems for all Institutional Leveraged transactions
- Resolve trade disputes and discrepancies on any primary syndication
- Input and Track all excess and Secondary Loan Trading buyback trades
Required qualifications capabilities and skills
- Bachelors degree or 4 years relevant operations experience within Syndicated Loan Space
- Understanding of Loan Syndications and Trading Association (LSTA)standard terms and conditions particularly around delayed compensation rules
- Familiarity with loanbased software (LoanIQ ClearPar)
- Knowledge of the Loan product / Syndicated Loan business including an understanding of a credit agreement LSTA standard documentation loan funding mechanics deal structure ticking fees funds flows etc
- Thorough understanding of the trade lifecycle and experience supporting Credit Trading and Debt Capital Markets
- Excellent analytical and critical thinking skills
- Ability to professionally communicate verbally and through written communication
- Ability to work effectively across groups within the organization
- Strong focus on control and process improvement
- Understanding and application for Microsoft Office Suite (Excel PowerPoint Word)
Required Experience:
IC
Employment Type
Full-Time
