Loan Services - Trade Operations

guggenheiminvestment; New York (NY); Vor Ort; USD 90.000 - 130.000; Vollzeit

Zusammenfassung

Guggenheim Investments seeks an Associate to join the Loan Services team in New York. You will support trade operations and funding, coordinate settlements, perform data analysis, and interact with traders, credit analysts, and legal teams to ensure accurate and timely settlements.

The role sits in a dynamic team environment, offering opportunities to deepen expertise in bank debts and fixed income securities within a growing organization. Located in the New York Office, full-time position.

Qualifikationen

• Deep understanding of bank debt and fixed income securities.
• Experience supporting trade operations and funding teams is a plus.

Aufgaben

• Process bank loan-related transactions in portfolio management and related systems.
• Coordinate direct and secondary loan settlements and borrowings.
• Reconcile trades and monitor cash/position breaks to ensure timely settlement.

Kenntnisse

Bank debt knowledge

Fixed income securities

Data analysis

Jobbeschreibung

Position Summary

Guggenheim Investments is seeking an Associate to join the Loan Services team. This individual will report to the Director of Loan Services and assist trade operations and funding teams, including but not limited to data analysis, coordination of direct and secondary loan settlements and borrowings, restructure processing, and monthly metrics. The position requires close interaction with various parties across the firm including traders, credit analysts, and legal team members. This role will involve working in a dynamic team environment and presents opportunities to utilize interpretation and problem-solving skills in support of the team's Integrity objectives and initiatives. The ideal candidate will possess a deep understanding of bank debt and fixed income securities. The Associate role presents an opportunity to join a team that sits at the 'hub' of Guggenheim Investments at an exciting time of growth and evolution at all levels of the company.

This position is located in the New York Office, full-time.

Responsibilities

• Process bank loan-related transactions in the portfolio management and related systems including transfers, CLO & middle market closings, crosses, CTP and terminations
• Process non-loan bookings in Wall Street Office
• Book all trade amendments and reallocations for Bank Loan trades
• Perform daily confirmation of Bank Loan trades in Aladdin allowing for flow via interface
• Reconcile trades between BRS and WSO. Details of loan trades are compared against systems to ensure booking accuracy and the details of bond, repo and FX trades are compared for CLO and Private Funds
• Monitor and resolve trade-related cash/position breaks on dashboard
• Act as the operations contact with various third parties including custodian banks, trustees, fund administrators, and administrative agent banks to answer or direct various inquiries; Team is responsible for answering and addressing all inquiries which may range from trade & position questions to providing documentation
• Assist with requests related to fund audits and various business initiatives
• Communicate non-CIDD bank loan trade & ABS term loan settlements to custodian banks; handholding of direct settlements ensuring timely funding & accurate reflection in systems
• Work closely with internal and external parties on borrowing requests; processing in BRS and ensuring timely funding
• Wire input into portals for specific fundings sometimes inclusive of GCS
• Provide fund admins with settlement packages and additional documentation & information such as Credit agreements etc.
• Track loan amendments and process restructures in systems communicating to both internal and external stakeholders
• Update and reconcile prices between systems backfilling missing marks, mapping revolver and delayed draws in WSO to ensure accurate reporting for teams including Private Funds & CLO as well as Fund Accounting
• Assist in the development and documentation of procedures and controls to increase the efficiency and productivity of the department
• Populate/refresh trades in BRS for analytics data
• Compile trading metrics for circulation to business and upper management
• Team is responsible for ensuring all trades are booked, allocated, reviewed for accuracy, executed and checked off for closing in ClearPar in a timely manner.
• Review and understand LSTA standard documents and other legal documents including Trade Confirms, Assignment Agreements, Proceeds letters, Participation agreements, Cash collateral agreements and Multilateral Agreements and Credit Agreements, specifically assign-ability language
• Provides KYC packages and fields any questions for any new accounts or as requested by counterparties which may require further guidance/assistance from Compliance or Tax team.
• Maintains close interaction with various parties such as agent banks, counterparties, PMs, traders, analysts, legal and compliance to ensure timely settlement occurs (primary, secondary as well as distressed loan trades)
• Maintains accuracy of trade details through ClearPar and WSO to ensure any issues are resolved prior to settlement. identify and elevate issues to the front office, bank loan trading assistants/traders, in-house legal counsel and management, when necessary and track and report these issues through appropriate workflow tools
• Manage loan amendment workflow, to include tracking, submission and ensure votes are executed in a timely and accurate manner
• Ability to manage heavy trade portfolio, for assigned client base, while maintaining a clean aging profile, with the goal of settlement within the LSTA standard for settlement time
• Manage liquidity for various accounts through correspondence with the PMs. Settlements team will notify PMs as cash needs arise. For FX trades, desk needs to be notified at least 2 days prior to ensure funds are available for settlement. In rare instances, 2 days cannot be guaranteed due to the Agent executing late but will notify the FX des