Senior Associate, European Loan Operations
Job Description:
The Senior Associate is an entry-level position responsible for the day-to-day operational support of our Real Estate and Private Credit Funds, working closely with colleagues across the business including the Investment Management teams, and other operational and corporate enabler teams to deliver operational excellence in a strong and robust control environment. The Senior Associate will more closely with other analyst and management to work through the day-to-day activities required in the reconciliation and settlement of European loan activity.
Communication and relationship building are key parts of this role.
The Expertise we’re looking for:
- Ideally 1+ years CLO or Loan Closing experience but not essential
- Ideally experience of Clearpar system and/or WSO but this is not essential.
- Reconciliation and problem-solving experience.
- Strong communication skills with the ability to communicate up and across the organisation.
- Demonstratable experience in a risk adverse environment, particularly in a settlement context.
- Strong attention to detail, proactive, highly organized, and process-driven environment
- Proven ability to build relationships both internally and externally fast as well as the ability to grow these further.
The Skills You Bring
- Your proven leadership skills
- Your excellent interpersonal, verbal, and written communication skills
- Your ability to work well on teams and in fast-paced, cross-collaborative environments.
- Your ability to think ahead, anticipate questions, plan for contingencies, and find alternative solutions.
- Your ability to build trust and relationships quickly.
- Your passion for innovation.
- Your ability to identify and mitigate risks in a calm manner.
- Your skill in coaching and developing talent within your team and in the organization.
About your role
The role will enable a proactive loan closer looking to expand their experience within CLO Operations and Loan Closing. The main goal of this position will be to support the CLO desk, utilising their passion to develop a career in Operations. This role will provide great opportunity to learn and grow with very experienced colleagues. Below are key responsibilities:
- Booking, confirming and settling loan trades for leveraged loan investments
- Coordinating with trade counterparties to ensure timely settlement of trades
- Reviewing loan/credit documentation
- Preparation and distribution of internal documents/reports
- Cash management of multiple SPVs in order to settle trades
- Perform daily reconciliations of trade positions and cash
- Identify operational risk and ensure all internal processes are accurately followed
- Identifying and escalating issues, which could have significant impact on daily operations
- Providing exceptional service to the various business partners
- Collaborating within team environment to successfully manage daily work volumes and quality standards
How Your Work Impacts the Organization
The Global Middle Office (GMO) Trade Operations Division acts as a servicing centre for our trading desks, and external managers globally, facilitating trade capture, confirmation and settlement of equity, debt, derivative, and currency transactions with brokers, money managers and custodian banks. In addition to the various external counterparts that the teams deals with, there are also several internal groups that assist in the group's daily responsibilities, including Compliance, Treasurer's Office, Counterparty Risk, Legal, Fund Accounting, and other Custody groups. All of these combines to ensure that we are providing accurate and timely information into the NAV and then value to our investors.
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