Trade Settlement US, Associate I

Alter Domus; Chicago (IL); Hybrid; USD 43,000 - 65,000; Full time

Benefits offered by this job

Professional accreditations

Flexible work arrangements

Extra holidays + birthday

Mentoring and career development

Job summary

Alter Domus, a world-leading provider of integrated solutions for the alternative investment industry, is seeking a junior analyst in Chicago to apply knowledge of the bank loan market and communicate with trading counterparties. You will support settlement processes for loan syndications, CLOs, restructures, and related documents, ensuring controls and guidelines are followed.

In a hybrid team environment, you will liaise with Administrative Agents on KYC, maintain deal-related documentation,

Qualifications

• Bachelor’s degree required or equivalent.
• 0+ years of experience; new graduates welcome.
• Excellent verbal and written communication skills.
• Strong analytical abilities and attention to detail.

Responsibilities

• Demonstrate knowledge of the bank loan market to communicate with trading counterparties.
• Support settlement processes for loan syndications, CLOs, restructures, privates, and trade claims.
• Maintain knowledge of portfolios and documentation to ensure controls and guidelines are followed.
• Coordinate with Administrative Agents on KYC documentation and related details.
• Work with internal/external teams (Portfolio Mgmt, Attorneys, Compliance, Finance, Tech, Brokers).
• Investigate and resolve closing/transactional issues and report status to clients.
• Review daily/weekly client reports to highlight trade status and risks.

Skills

Microsoft Excel

Education

Bachelor's degree in accounting, finance, business, economics or related field

Job description

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As a world leading provider of integrated solutions for the alternative investment industry, Alter Domus (meaning “The Other House” in Latin) is proud to be home to 90% of the top 30 asset managers in the private markets, and more than 6,000 professionals across 24 jurisdictions.

With a deep understanding of what it takes to succeed in alternatives, we believe in being different in what we do, how we work, and most importantly in how we enable and develop our people. Invest yourself in the alternative, and join an organization where you progress on merit, where you can speak openly with whoever you are speaking to, and where you will be supported along whichever path you choose to take.

Find out more about life at Alter Domus at careers.alterdomus.com

JOB DESCRIPTION:

• Demonstrate product and functional knowledge of the bank loan market to communicate with business and trading counterparties.
• Support the settlement process of loan syndications, secondary loan trades, CLOs, restructures, privates, and trade claims including funding and documentation matters.
• Maintain a working knowledge of all relevant portfolios and deal-related documentation to ensure controls are in place and that guidelines are adhered to.
• Liaise with Administrative Agents with regard to KYC documentation, including administrative details, tax and fund formation documents.
• Working knowledge of the maintenance and distribution of loan documentation inclusive of private and public amendments/restructures and voting requirements with settled and trade date positions.
• Interact with internal and external counterparts such as Portfolio Management, Attorneys, Compliance, Finance, Technology, Custodians, Fund Administrators, Agent Banks, and Trading Counterparts/Brokers.
• Investigate and resolve closing and transactional issues, communicating all issues in a timely manner.
• Participate in the review of daily/weekly reports and metrics provided to clients to highlight status of trades and risks.
• Work in a dynamic team environment and participate in strategic initiatives.

YOUR PROFILE:

• Bachelor’s degree in accounting, finance, business, economics or related field.
• 0+ years of experience, new graduates encouraged to apply.
• Exceptional verbal and written communication skills.
• Demonstrated analytical capabilities and strong attention to detail.
• Ability to prioritize tasks, work on multiple assignments, and manage ambiguity.
• Dynamic and flexible workstyle (i.e. successful candidates can work both independently and as a part of a team with professionals from all levels).
• Proficiency in Microsoft Excel.
  #LI-HYBRID#LI-JR

Salary range depending on experience: $42,500-65,000

WHAT WE OFFER:

We are committed to supporting your development, advancing your career, and providing benefits that matter to you.

Our industry-leading Alter Domus Academy offers six learning zones for every stage of your career, with resources tailored to your ambitions and resources from LinkedIn Learning.

Our global benefits also include:

• Support for professional accreditations
• Flexible arrangements, generous holidays, plus an additional day off for your birthday!
• Continuous mentoring along your career progression
• Active sports, events and social committees across our offices
• 24/7 support available from our Employee Assistance Program
• The opportunity to invest in our growth and success through our Employee Share Plan

Alter Domus is an Equal Opportunity Employer: Equity Statement
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.