Middle Office Associate

6 days ago


Salford, United Kingdom LanceSoft UK Full time

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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