Loan Settlements Specialist recruitment
Global Banking Markets (GBAM) provides financial products, advisory
services, financing, securities clearing, settlement and custody services globally to our institutional investor clients in support of their investing and trading activities.
They also work with our commercial and corporate clients to provide debt and equity underwriting and distribution capabilities, merger-related and other advisory services, and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income and mortgage-related products.
GBAM is a leader in the global distribution of fixed income, currency and energy commodity products and derivatives, has one of the largest equity trading operations in the world and is a leader in the origination and distribution of equity and equity-related products.
The Loan Settlements team primarily supports the Global Loans and Special Situations Group (GLSSG) desk that sits within GBAM. GLSSG is a strategic trading desk that trades loans, claims, bonds, equities (amongst other products).
The Loan Settlements team will support the GLSSG trading desks located in London, Frankfurt, Hong Kong and New York for all traded loans, claims and private equity that require documentation.
Responsibilities:
We are seeking to recruit a loan Settlements officer to work within the EMEA Loan Operations team.
The successful candidate will support Loan settlement activity globally for the secondary loan trading businesses.The associate will be expected to settle loan transactions for the global loans team supporting activity across EMEA, Asia and the US. The team will work two shifts to cover the different time zones.
- Reviewing Loan documentation to ensure all required documents are in place for settlement.
- Collate cash movements and report data to funding team ensuring strict currency deadlines are met.
- Responsible for the settlement of transactions in the Loans system of record ACBS, ensuring transfer fees, delayed comp and break funding are correctly recorded
- Ensuring flows to the payments system are successfully fed, matched and payments remitted within the agreed cut-off times.
- Monitoring of cash and system advices to ensure that all entries are reconciled, annotated and escalated on a daily / weekly basis in line with guidelines set by Ops Risk and Control
- An awareness of operational risk and the ability to self identify opportunities to improve / reduce risk.
Requirements:
Essential:
- Team player conscious of the contribution they bring to the whole team
- Excellent prioritisation and organisational skills.
- The candidate would need to have prompt and detailed escalation practices instilled in them.
- Excellent verbal and written communication skills
- Ability to work extended hours when the workload requires, and be flexible with regards to shift patterns required to support the business
- Self-motivated and willing to assume extended responsibility.
- Need to be proficient in all aspects of client facing – both internal and external.
- Competent user of Microsoft Office – including Word and Excel.
Preferred:
- Investment banking knowledge
- Any loans or Global Banking and Markets experience