Distressed Debt Closing
Major international Bank need an experienced Loans Closer to join their team
The role is diverse with considerable opportunity to learn and undertake more responsibility
The Closer will be responsible for a portfolio and take ownership from end to end, including corporate actions.
Typical trading activity consists of syndicated Loans / bilateral loans, secured or unsecured loans, with or without equity
Other desks may require the closers services in order to complete the transaction. This is an area where timely/efficient and accurate settlement of the Closing group significantly impacts the reputation of the firm and the franchise of the desk,
The Closing team works closely with the banks trading counterparties
The jobholder will be involved in all aspects of pre-trade and post-trade queries. The jobholder will be expected to have a deep understanding of the LMA standard terms and conditions, Par and Distressed, along with a high degree of Distressed Loans technical expertise.
Qualifications
It is essential to have a high degree of Distressed Loans technical expertise.
The ability to take on board new situations and take ownership of complex and unique settlements issues and find a solution. Also write/establish a procedure around the settlement Issues.
Demonstrable market risk, operational risk and control awareness.
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