Secondary Loans Settlement Clerk

London  ‐ Onsite
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Description

A Settlements Clerk is required to join a well-known, large, local bank based in Canary Wharf to provide Back Office support for the Loan Sales and Trading team, within Credit Trading.

As the Settlements Clerk you will be responsible for a portfolio of syndicated loans, settling and administering purchases, sales, payments, fees, interest, drawdowns and repayments. This involves the input of high value payments using the banks systems Loan IQ in line with procedures and loan documentation.

Key Accountabilities:

  • Management of a portfolio of traded loans recording rollovers, repayments and other loan events.
  • Completion of operational processing in a timely and cost effective manner.
  • Ensuring that all documentation satisfies procedural and audit requirements in respect of SLT processing.
  • Ensuring that payments are input to enable release in accordance with bank deadlines.
  • Resolution of outstanding cash items, taking action to reconcile the Nostro and clearing accounts.
  • Ensuring that all queries both internal and external are responded to in a timely manner.
  • Close liaison with the Sales, Trading and Closing teams and Agents to ensure the smooth processing of transactions.

Essential skills/experience:

  • Detailed knowledge of the LIBOR loan product.
  • Knowledge of Loan IQ - Trade Settlements or processing background.
  • Strong communications skills.
  • Familiarity with Excel, Work, LMA and LSTA documentation.
  • Previous SLT experience would be a significant advantage.

If you think you are suitable for this role please send an up-to-date CV.

Start date
n.a
From
Orgtel
Published at
18.08.2017
Project ID:
1400812
Contract type
Freelance
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