Our client is seeking a Loans Documentation Specialists to join the Credit Loans Middle Office Team. You must have experience of Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA).
Your team will support a range of business areas with the origination, syndication and secondary market trading of performing and non-performing loans.
As part of your role, you will ensure efficient pre-trade due diligence, execution and settlement across both primary and secondary loans.
Role
Day rate: £250 per day (inside IR35)Pay framework: Umbrella CompanyStart date: ASAPContract length: 6 months (with possible extension)Location: Central London – onsite full time, Monday to Friday, 08:30 to 18:30
Key responsibilities
- Support the team to maintain the accuracy and integrity of the firm’s risk positions and resolve any trade settlement issues
- Monitor trading systems for new trades and confirm trades with external clients
- Draft, review and negotiate transfer documents including trade confirmations and transfer certificates
- Liaise with Legal, Compliance, Credit, Trading Desks, and Agency and Servicing teams to ensure approvals are obtained and pricing/cashflows are agreed, reconciled and settled
Essential skills
- Essential: Understanding of Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA) standards are an absolute must.
- Experience with ClearPar
- Knowledge and previous experience in Bank Loans Closing, Servicing or Agency activity
- Experience navigating Loan Credit Agreements
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