Loan Closer – UK Bank Loan Settlements Team

Barings; London; On-site; GBP 100,000 - 125,000; Full time

Job description

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Job Title: Loan Closer – UK Bank Loan Settlements Team

Corporate Title: Associate

Location: London

Overall Purpose of Role

Responsible for managing the full trade settlement lifecycle of an allocated set of Loan names on a timely and accurate basis, ensuring related activities (e.g. cash management) are conducted effectively.

Principal Responsibilities

1. Review and understand LMA / LSTA par/distressed standard documentation such as Trade confirmations, Transfer Certificates / Assignment Agreements, Participation agreements, Multilateral agreements, Pricing letters etc.
2. Review and understand Credit Agreements and the clauses pertaining to transfers.
3. Effect trade settlements using ClearPar, in order to ensure accuracy of LMA / LSTA documentation and calculation of trade proceeds.
4. Handle “off-line” settlements following prescribed workflows.
5. Calculate trade related formulas, such as delayed compensation, cost of carry and economic benefit.
6. Target closing trades ahead of the LMA / LSTA standards for settlement time.
7. Monitor, track, and report all trades using appropriate workflow tools.
8. Identify and escalate issues to traders, in-house legal and compliance teams as well as management.
9. Co-ordinate settlement efforts with internal teams including Legal, Compliance, Finance, US Loan Closing, FX and Middle Office teams as required.
10. Liaise with Administrative Agents regarding KYC documentation, including administrative details, tax and fund formation documents.
11. Develop a network of effective relationships with Counterparties and Agents.
12. Identify process efficiencies and marginal gain opportunities for the team.
13. Assist line management with initiatives and projects as required.

Person Specification (Skills, Knowledge & Experience)

1. 1-2 years experience in finance or banking industry ideally. Some Bank Loan settlement experience would be beneficial but not essential.
2. Numerate with high attention to detail.
3. Clear and confident communicator, both verbally and written.
4. Proactive and ability to work with minimum supervision (post training).
5. Ability to work to tight deadlines and flexible to meet personal and team workload.
6. Previous knowledge of ClearPar, WSO and other Loan market systems would be a preference but not essential.
7. A methodical thinker, able to resolve complex issues on a daily basis.

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.