What are the responsibilities and job description for the Loan Trading Support Specialist position at Natixis Corporate & Investment Banking?
The Loan Trading Support Specialist will play a crucial role in partnering with the Loan Trading Desk to facilitate the transaction process for each trade. This position is designed to ensure optimal support, exceptional customer service, robust risk management, and continuous process improvement. Additionally, he / she / they will oversee our outsourcing partner, Alter Domus, ensuring the accuracy and completeness of their functions. The ideal candidate is organized, proactive, and highly motivated, demonstrating professionalism and the ability to remain calm under pressure while effectively communicating with stakeholders.
Essential Duties and Responsibilities :
- Manage the entire life cycle of loan trades from initiation to settlement.
- Create and settle trades in ClearPar efficiently and accurately.
- Liaise with and oversee Alter Domus (“AD”), ensuring the accuracy of their inputs in ClearPar and confirming compliance with our work agreement.
- Review LSTA Standard Loan Trading Documentation, including Trade Confirmations, Funding Memos, Assignments, and ClearPar Letters, for discrepancies prior to settlement. Sign documents in ClearPar.
- Assist the Loan Trading Desk by maintaining clear communication regarding booking and settlement processes.
- On the settlement date, circulate trade documents to the Loan Trading Desk and Operations to facilitate timely settlement.
- Communicate effectively and escalate any trade issues to relevant internal stakeholders.
- Book trades in Loan IQ, creating Deals, Facilities, Circles, and Loans as necessary.
- Review and validate trades in Loan IQ, ensuring all necessary components are accurately created.
- Monitor and manage high volumes of loan trading closings, updating data in systems, and performing reconciliations between ClearPar and trading applications (Trafic) as well as back-office applications (Loan IQ).
- Process fees and invoices in Loan IQ for Brokers and ClearPar.
- Manage Silent Participations, including sending documents to Silent Participants when posted on deal sites (Debtdomain, Syndtrak, Intralinks).
- Monitor unsettled trades, generating reports for management and / or the trading desk as needed.
- Proactively communicate and resolve loan trade issues and discrepancies prior to settlement.
- Participate in projects and provide valuable insights to various working groups aimed at enhancing performance and efficiency.
- Review and advise on funding mechanics and operational requirements in accordance with internal booking and operational policies.
Qualifications :
Join our team as a Loan Trading Support Specialist, and leverage your expertise to enhance our trading operations and deliver exceptional service. We welcome candidates who are organized, proactive, and eager to contribute to our success.
Natixis is an equal opportunity employer, committed to a workplace free of discrimination. Natixis will not tolerate any form of discrimination based on age, color, mental or physical handicap or disability, pregnancy, marital status, sexual orientation, national origin, alienage, ancestry or citizenship status, race, religion, sex (including sex stereotyping, gender identity, gender expression or transgender status), veteran status, creed, genetic information or carrier status, or any other protected characteristic as established by law.
Respect for all means that we deal with each person as an individual and not as a member of any group. All qualified applicants will receive consideration for employment. Management is expected to provide leadership in supporting the firms EEO program by taking steps to promote EEO in all facets of employment including recruitment, hiring, retention, promotion, performance assessment, and career-development opportunities.
The salary range for this position will be between $110,000 - $135,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.
Salary : $110,000 - $135,000
