Save Job Back to Search Job Description Summary Similar Jobsimmediate Financial Services role based in the west end of LondonOperations role working for a division of a large BankAbout Our ClientMajor European bank are looking to fill an immediate vacancy for a Senior Analyst Distressed Loan Closer - Assistant Vice President to join their busy Operations Team.Job DescriptionProvides Middle Office support to the Loan Trading Desk. As part of its role the MOLT is responsible for checking the Front Office booking, the production of the Legal Documentation and the settlement of the secondary loan trades in accordance with the underlying Loan Agreements adhering to the LMA and LSTA Standard Terms and Conditions.Job purpose Purpose: To work closely and support the Head of Middle Office Loan Trading UK, to handle the Par, Distressed and Claims trades, as well as the Banking Book trades done by the Loan Trading Desk Scope: Senior member of the UK team to provide guidance and assistance to the Montreal PAR trades teamKey responsibilities, Distressed Loan Closer - Assistant Vice President To work closely and support the Head of Middle Office Loan Trading UK To handle the Par, Distressed and Claims trades, as well as the Banking Book trades done by the Loan Trading Desk To co-ordinate settlement and booking of loan trading transaction with Back Office. To draft and send legal documentation (Market standard documentation) linked to the trades (LMA Par/Distressed Trade Confirmation, Transfer Certificate, Pricing Letter etc.) To work closely with the Loan Trading Desk Lawyer to draft non Market Standard documentation linked to trades. To draft documents and submit in a timely manner in connection with Claims To be a key reference point for the Par Loan closers worldwide and to provide support when needed.The Successful ApplicantDistressed Loan Closer - Assistant Vice PresidentEssential Previous experience of Loan Closing supporting a high volume desk Strong Excel skills A knowledge of how the Fixed Income business is organised: relationship between the Middle, Front Office and Back Office Settlement, P&L and accounting basicsPreferred Previous experience as a Distressed loan trading closer preferably in an Investment Bank Knowledge of Stapled Equity Previous experience with ClearparWhat's on OfferSenior Analyst Distressed Loan Closer - Assistant Vice PresidentPermanent role working for a leading financial services industry banking client based in London's West End location wiseSalary £65-75kContactEsther BlunsdonQuote job refJN-112024-6590942Phone number+44 207 776 5947Job summaryJob functionBanking & Financial ServicesSubsectorOperations / Middle Office - Banking / SecuritiesSectorFinancial ServicesLocationWest EndContract typePermanentConsultant nameEsther BlunsdonConsultant phone+44 207 776 5947Job referenceJN-112024-6590942
