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Global Market Loans Operations Professional

London, , United Kingdom

Job Description:

Job Title: Global Market Loans Operations Professional

Corporate Title: Up to Vice President

Location: London

The Global Market Loans Operations team primarily supports the Global Credit Loan Trading desk that sits within GBAM. The business is a strategic trading desk that trades syndicated corporate loans, claims, bonds, equities, CDS’s (amongst other products) on the secondary trading market. Our London based team supports all aspects of operational support for the Credit Trading desks located in London, across Europe and Asia.

Role Description:

  • Responsible for the monitoring & agreement of interest, default interest, repayments & dividends for distressed assets. Monitoring of loans trading positions under LMA & LSTA and bespoke documentation, for both performing and non-performing assets.

  • Responsible for the agreement & payment of interest & repayments to the desks clients as sub participants.

  • Responsible for the calculation & agreement of fees for the assets in position, and payments to the clients.

  • Work closely with Corporate Actions team on Loan restructurings that impact desk and client positions

  • Work closely with other internal and external teams: Loan Closing, Legal, Conflicts, Compliance, Tax, on complex, bespoke transactions

  • Support new transactions and ad-hoc requests from the Loan Trading and Origination desks

  • Reviewing Loan documentation to ensure all required documents are in place for settlement.

  • Responsible for the settlement of transactions in the Loans system of record ACBS, ensuring transfer fees, delayed comp and break funding are correctly recorded

The Team:

  • Reasons to join us:  This role forms part of the wider Loan Operations Team which offers front to back support for Global Markets Loan Trading and Mortgage Origination across EMEA and Asia. The candidate will have exposure to various loan trading desks globally, will be the face of the firm for internal and external clients and investors and will work closely with Finance, Compliance, Legal and Credit teams.

  • Growth/development opportunities in the role and team: Opportunity to learn other support areas of the London based Global Market Loan Operations Team, including corporate Actions, Settlements and Loan Documentation.

  • What we offer: Dynamic and fast-paced team where individuals and their ideas matter, exciting variation of daily tasks and responsibilities, extensive internal training, learning opportunities and guidance on the new role and career prospects offered by the firm.

Core Skills:

  • Investment Banking experience

  • Any loans or Global Banking and Markets knowledge

  • Competent user of Microsoft Office – including Word and Excel.

Nice to have

  • Loan Market Association guidelines familiarity

  • A good level of understanding of the secondary loan trading market and the forms of documentation used

  • Second language

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Global Market Loans Operations Professional

Corporate Title: Up to Vice President

Location: London

The Global Market Loans Operations team primarily supports the Global Credit Loan Trading desk that sits within GBAM. The business is a strategic trading desk that trades syndicated corporate loans, claims, bonds, equities, CDS’s (amongst other products) on the secondary trading market. Our London based team supports all aspects of operational support for the Credit Trading desks located in London, across Europe and Asia.

Role Description:

  • Responsible for the monitoring & agreement of interest, default interest, repayments & dividends for distressed assets. Monitoring of loans trading positions under LMA & LSTA and bespoke documentation, for both performing and non-performing assets.

  • Responsible for the agreement & payment of interest & repayments to the desks clients as sub participants.

  • Responsible for the calculation & agreement of fees for the assets in position, and payments to the clients.

  • Work closely with Corporate Actions team on Loan restructurings that impact desk and client positions

  • Work closely with other internal and external teams: Loan Closing, Legal, Conflicts, Compliance, Tax, on complex, bespoke transactions

  • Support new transactions and ad-hoc requests from the Loan Trading and Origination desks

  • Reviewing Loan documentation to ensure all required documents are in place for settlement.

  • Responsible for the settlement of transactions in the Loans system of record ACBS, ensuring transfer fees, delayed comp and break funding are correctly recorded

The Team:

  • Reasons to join us:  This role forms part of the wider Loan Operations Team which offers front to back support for Global Markets Loan Trading and Mortgage Origination across EMEA and Asia. The candidate will have exposure to various loan trading desks globally, will be the face of the firm for internal and external clients and investors and will work closely with Finance, Compliance, Legal and Credit teams.

  • Growth/development opportunities in the role and team: Opportunity to learn other support areas of the London based Global Market Loan Operations Team, including corporate Actions, Settlements and Loan Documentation.

  • What we offer: Dynamic and fast-paced team where individuals and their ideas matter, exciting variation of daily tasks and responsibilities, extensive internal training, learning opportunities and guidance on the new role and career prospects offered by the firm.

Core Skills:

  • Investment Banking experience

  • Any loans or Global Banking and Markets knowledge

  • Competent user of Microsoft Office – including Word and Excel.

Nice to have

  • Loan Market Association guidelines familiarity

  • A good level of understanding of the secondary loan trading market and the forms of documentation used

  • Second language

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-21080641

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Katie Whitehead

Referral Bonus:

0

Street Address

Primary Location:
2 King Edward ST, London, EC1A 1HQ