What are the responsibilities and job description for the Middle Office Loans Associate position at Phaxis?
global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, services the needs of individuals, institutions, corporates and governments through its three business divisions : Retail, Wholesale (Global Markets and Investment Banking), and Investment Management.
Department overview :
The successful candidate will work on a Loans Middle Office team :
- Coordinate primary closing Loan transactions from start to end across various Business Groups. The role entails working closely with Investment Banking, Global Markets, Legal, Client On boarding, and Treasury.
- Review Credit Agreements for operational aspects and build / set up deals in Loan IQ
- Reconcile past due items and resolve past due items in a timely manner
- Investigate discrepancies / problems and efficiently resolve sensitive operational issues
- Coordinate with Client Onboarding for any KYC requirements for new clients
- Working in a very dynamic environment to manage the full portfolio and Closing of PAR and Distressed LSTA loan trades
- Ability to manage the trade portfolio, across multiple business lines, following all trades from Trade Date to Settlement whilst maintaining a clean open trade aging profile and driving reduced settlement times
- Drafting of Loan Trade Closing documentation - including Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not closing via electronic platform
- Coordinating with Trader, sales and Legal (internal and external) on proposed changes to Trade documents
- Working directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades
- Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions
- Collaborate with Servicing Team in Mumbai and manage all aspects of bank debt operations including lifecycle events processing, trade closings, cash and position reconciliation, and corporate actions
- Ability to work closely with business teams to resolve queries and provide first level account service
Skills, experience, qualifications and knowledge required :
100k to 140k
