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Secondary Loan Closing - Global Loan Services - Director
Morgan Stanley
Baltimore, MD, United States
Job Details - this job has expired, please see similar jobs below
Description
• Responsible for coordinating with trade counterparties and clients to receive and review loan trade documentation while managing a trading portfolio of secondary loan trades.
• Self manage trade closing through communication with custodians, admin agents , counterparties, and fund administrators while maintaining minimal operational risk.
• Operate and understand proprietary trading systems as well as external trading platforms such as ClearPar & Virtus Trade Settlement as it pertains to the loan trading function.
• Interact with the Loan Trading desk, Legal, Sales and Operations groups in order to deliver solutions for Citi?s clients
• Develop strong working relationships with outside Deal Administrators to ensure accurate execution of trades
• Provide management with daily updates on activities, review issues within the assigned portfolio, and dimension solutions to achieve client satisfaction.
• Gain a strong understanding of Loan Syndication and Trading Association (LSTA) documentation and guidelines while developing a thorough understanding of the mechanisms which govern the corporate loan market.
• Generate loan documentation such as loan confirmations, loan assignments, and funding memos in accordance with LSTA guidelines.
• Actively converse with internal and external legal counsel to generate loan documentation and accelerate the closing process while ensuring Morgan Stanley?s legal risk is mitigated.
• Candidate must be pro-active to independently identify and work to resolve potential risk, profit and loss, and legal issues while communicating pending concerns to the desk.
Qualifications
• Bachelor's degree in finance/ operation management and/or commensurate amount of commercial banking experience is preferable
• Knowledge and understanding of LSTA & LMA standards as well as basic accounting principles is preferred
• Familiarity with Par loan trading market convention is preferred
• Very strong customer service skills with exceptional written and verbal communication skills
• Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations
• Detail-oriented, conscientious and energetic professional with ability to think creatively.
• Self driven and highly motivated team player
• Strong knowledge of Microsoft Office with focus on Word and Excel