Job Description
Job Title: Middle Office Associate
Location: Salford, UK (2 days onsite, 3 days remote a week)
Duration: 10 Months Contract
Job Description
* The goal of a Middle Office Analyst is to oversee Trade Settlement client relationships.
* Provide excellent customer service and loan settlement services to our growing client base while adhering to strict deadlines and targets given.
* The position offers exposure to external industry entities such as portfolio managers, custodians, and agent banks.
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
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