Vacancy expired!
Our client, a cloud-based market-leading company, is seeking an Operations Specialist/Analyst 3
Location: Raleigh, NC Position Type: Contract Job Summary: The primary responsibility of this role is to ensure that all required financial and administrative transactions/actions are appropriately reflected in the Firm's systems and records on an accurate and timely basis. The Loan IQ [LIQ] system is used to process almost all of the Firm's global loan activities. LIQ allows for monitoring and servicing of loans in an automated environment. It electronically feeds all of the Firm's downstream systems including books and records, risk management, portfolio management and updates positions of trading portfolios to facilitate business decisions and actions. A majority of internal and external loan reporting is derived from the LIQ database. Administrators interact daily with parties involved with the syndicated loan activities and TRS including lenders, borrowers, trade counterparties and internal management. Agency Client Coverage is a highly visible team serving as the primary day-to-day administrative contacts for the firm's Syndicated Loans business, generating over $30MM of revenue annually for the Bank. The team is responsible for overseeing approximately 350 corporate borrowers and over 115,000 active investor positions. Each staff owns his/her individual portfolio of borrower clients (15-20), whom they service daily, along with the investor population within said deals. The team also works closely with Corporate Banking Relationship Managers, Sales & Trading desks, Credit Risk Management, Legal & Compliance and Product Control, amongst others. Agency Client Coverage team sits within Loan Operations department in Group Operations. Team consists of 24 full-time staff members, with 3-4 Team Lead/Supervisors reporting into Manager. Depending upon the specific role of the Administrator, core activities and responsibilities can include all or a subset of the following:- Administering customer information and data relating to credit agreements, loan drawdowns, maturities, rollovers, repayments and rate fixings for Originating and Servicing syndicated loans, bilaterals, Trade Finance and TRS transactions.
- Reviewing Loan Agreements and commenting on operational aspects; and building deals in LIQ.
- Processing and reviewing waivers, consents, amendments, and voting requests from Agents and/or the Front Office and coordinating responses.
- Submitting new customer requests to Client ID and ensuring set up in Loan IQ
- Receive, verify and act on requests from clients for new loan advances, increases, repayments and renewals. Processing outstanding details and commitment increase / decreases
- Recordation of Agency trades, Settlement of Secondary Par and Distressed trades, primary trades, and TRS.
- Reconciliation of Nostro/WIP accounts, resolving outstanding items in a timely manner. Review and remediate breaks and other exceptions as picked up on other internal control reports.
- Ensure all settlement activities are in compliance with the funds transfer policy.
- Investigation and resolution of queries, from both internal and external clients.
- Client facing role
- Fast-paced, challenging environment
- Opportunity to grow/learn about the Syndicated Loans product
- Opportunity to build network/relationships with both internal & external clients, including executive members of our corporate borrowers
- Opportunity to interact with both domestic & international clients each day
- Daily interactions span across several teams/departments internally
- Positive, collaborative work environment/team culture
- Opportunity to work both independently & within a team/group
Vacancy expired!