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Global Markets Loan Operations Specialist

London, , United Kingdom

Job Description:

Job Title: Global Market Loan Operation Specialist  

Corporate Title: Up to VP

Location: London

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Based just a stone’s throw from the magnificent St. Paul’s Cathedral is our London MLFC office, on bustling King Edward Street. Here you will find modern workspaces and a state-of-the-art auditorium space. In addition, we are proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus that have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop gardens and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and onsite medical centre.

Role Description:

This role will sit within the Global Market Loans Operations team based in London. The team currently supports various business lines within the Global Markets business. The main trading desk supported is the Global Credit Loan Trading Desk however the team also supports additional business areas such as Mortgages, Equity Structured Finance and Commodities. All of these business lines will have their own individual trading books and strategies and predominantly buy, sell, or originate corporate loans. 

Responsibilities:

  • Work closely with the Global Market Loan Origination business lines to review Credit Agreements for all Operational impacting elements in preparation for settlement
  • Execute the settlement of transactions in the Loans system of record ACBS, ensuring that all economic components are correctly reflected
  • Provide support to Loan Trading and Origination businesses and their clients to handle ad hoc queries and requests
  • You will work closely with other internal and external teams: Loan Servicing, Loan Closing, Legal, Conflicts, Compliance, Tax, Notaries, Courts, and Agent Banks
  • Responsible for verification and authorisation of cash payments
  • 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

What we are looking for:

  • You will have Global Markets loans experience
  • You will have a good level of understanding of the secondary loan trading market and the forms of documentation used
  • You will have client facing experience or ability to conduct discussions with Clients in a confident manner
  • You will be risk focused - able to identify issues and escalate to management.
  • You will work well in a team environment and maintain focus to achieve the goals of the team and the business.
  • You will have the ability to interact positively and effectively with all levels of management and associates.

Skills that will help:

  • Excellent Microsoft Office Skills: Excel, Word, Outlook
  • Ability to work under pressure in a team environment during high volume periods.
  • Excellent written/oral communication skills.
  • Strong attention to detail and analytical skills.
  • Excellent organizational and time management skills

Benefits of working at Bank of America
 

UK

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
  • Use of a flex fund to use towards benefits
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

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.

Learn more about this role

Full time

JR-24013316

Manages People:

Street Address

Primary Location:
2 KING EDWARD ST, London, EC1A 1HQ