Par Loans Closing Operations Specialist - Middle Office

Dianaduggan; Greater London; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

Dianaduggan in London is seeking a Par Loans Closing Operations Specialist - Middle Office on a 6‑month contract onsite, Monday to Friday, 08:30–18:30.

You will join the Credit Loans Middle Office team supporting origination, syndication and secondary market trading of loans, with emphasis on risk position integrity and timely trade settlement across primary and secondary markets.

Qualifications

• Experience with Par loans and Middle Office operations.
• Strong understanding of loan lifecycle including trade capture, settlement and reconciliations.
• Experience drafting, reviewing and negotiating transfer documents and trade confirms.

Responsibilities

• Monitoring trading systems for new trades and confirming trades with outside clients.
• Drafting, reviewing & negotiating transfer documents (including trade confirms & transfer certificates).
• Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to obtain approvals, price cashflows, and settle within our system.

Skills

Par loans

Middle office

Trade settlement

Loan lifecycle

Transfer documents

Tools

ClearPar

LMA

LSTA

Job description

Par Loans Closing Operations Specialist - Middle Office

• London (Central)
• Contract

We are currently supporting our client with Loans Closing Operations Specialist.

• Role: Par Loans Closing Operations Specialist - Middle Office
• Contract duration: 6 months initially (with scope to extend)
• Location: London. (Onsite, Monday–Friday, 08:30–18:30)

You will join the Credit Loans Middle Office Team, supporting various business teams with the origination, syndication, and secondary market trading of performing and non-performing loans.

The team works in partnership with various business teams to ensure efficient pre-trade due diligence, execution and settlement of both primary and secondary loans.

You will support with helping to maintain the integrity and accuracy of the risk positions taken by the firm and resolving any trade settlement issues that may arise.

Key Accountabilities

• Monitoring trading systems for new trades and confirming trades with outside clients
• Drafting, reviewing & negotiating transfer documents (including trade confirms & transfer certificates
• Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure necessary approvals are obtained, pricing/cashflows are agreed, reconciled and settled within our system
• Experience working with Par loans
• Demonstrable experience across loan closing, loan servicing or loan agency supporting primary and secondary loan markets.
• Experience with ClearPar, Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA)
• Must have Middle office operations experience
• Strong understanding of the loan lifecycle, including trade capture, settlement, funding, lifecycle events, amendments, restructurings and reconciliations.
• Experience interpreting and navigating Loan Credit Agreements, transfer documentation and trade confirmations.
• Experience drafting, reviewing and negotiating transfer documentation, including trade confirms and transfer certificates.
• Strong understanding of settlement processes for performing and non-performing loans.