Middle Office Associate
6 days ago
Job Title: Middle Office Associate
Location: Salford, UK (2 Times a week onsite in a week - Tues/Thurs)
Duration: 10 Months Contract
Job Description:
Education and experience
- BA or BS or equal work experience
- Commercial awareness
- Knowledge of par and distressed loans and the documentation
- Knowledge of trade fee calculations
- Ability to read and interpret credit agreements
- Experience with daily loan transactions
- Exposure to ClearPar/TSI/Markit WSO systems a plus
Duties & accountabilities
- Manage client portfolio(s)/Agency trades in our loan Trade Settlement outsourcing services
- Communicate proactively and effectively with clients
- Coordinate with trade counterparties to receive and review par and distressed trade documentation
- Coordination with legal counsel and follow up, when needed, for distressed trades and participations
- Coordinate trade closings among clients, counterparties, and agents
- Review trade documentation, includes trade confirms, assignment agreements, and funding memos for discrepancies prior to settlement including using third party systems
- Follow up on outstanding trades and keep current comments updated
- Deliver closing packets to custodians and clients before stated deadlines
- Report client metrics and trends on a monthly basis
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