Loan Closing - 1 year Contract
Secondary Loan Closer This is a 1-year contract for a Secondary Loan Closing role at an investment bank in the City. Key Responsibilities Ensuring all new trade positions are reviewed for accuracy and integrity on trade date. Monitoring and escalating unconfirmed/unsettled Loan positions. Responsible for preparing, negotiating and agreeing loan trading documentation with both the trading desk and clients. Reviewing the documentation to ensure compliance with transfer, tax, legal eligibility criteria. Handling par and distressed asset inventory and coordinating trade settlement with external counterparties, including client and agent banks. Producing templated NDAs and operating appropriate controls around the transfer of information. Skills and experience Good understanding and knowledge of LMA / LSTA Documentation and loan settlements At least 3years of experience in a Loan Closing role. An understanding of the front to back trade lifecycle flow for Loans. Knowledge of Public/Private Side information wall requirements. Knowledge of Loan IQ system.