Description
A Secondary Loan Trading Closer is required to join a well-known, large, local bank on a contract basis based in Canary Wharf.
As the Closer you will be responsible for the closing of Claims, Distressed and PAR traded secondary loan trades in a timely manner and ensuring that risks are kept to a minimum.
Key Accountabilities:
- Liaison with Legal internal/external giving feedback on Distressed and Claims traded documents, following trade life cycle from trade to settlement
- Resolution of long outstanding trades, taking action to actively close
- Support the SLT Settlements team through project work as allocated to improve processes, procedures and systems operated within the team.
- Close liaison with the Sales, Trading and Closing teams, Legal and Agents to ensure the smooth processing of trade transactions.
- Ensuring that Trades are updated in banks systems SENTRY, and Loan IQ in accordance with banks procedures to accurately reflect purchase or sale risk and PnL accounting requirements.
Essential skills/experience:
- Previous secondary loan closing experience is a significant advantage for the role as would be legal understanding of documents.
- Strong communications skills.
- Knowledge of Loan IQ.
If you think you are suitable for this role please send an up-to-date CV.