Secondary Loan Trading Closer

London  ‐ Onsite
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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.

Start date
n.a
From
Orgtel
Published at
05.08.2017
Project ID:
1393614
Contract type
Freelance
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