What are the responsibilities and job description for the Loan Closing - Assistant Vice President position at The Citco Group Limited?
Job Description
About Citco :
The market leader. The premier provider. The best in the business. At Citco, we've been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we'll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say : Welcome to Citco.
About the Team & Business Line :
Fund Administration is Citco's core business, and our alternative asset and accounting service is one of the industry's most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
Your Role :
AVP in Loan Servicing will have the following duties and responsibilities, including but not limited to :
- Executing the settlements of participations of private loans and bonds (4a2) in the secondary market, operating independently with the support of offshore resources.
- Plan, schedule and manage the daily Bank Loan Settlement workflows of all client relationships.
- Receive new trade details from client and manage process to ensure settlement within satisfactory market timescales.
- Conduct reviews of LMA / LSTA trade documents including trade confirmations, transfer certificates and pricing letters for accuracy.
- Manage trade counterparties and agent banks as required in order for timely settlement of trades.
- Maintain up to date trade status records in order to provide reporting to management and client on a regular basis.
- Ensure trades are accurately settled on loan system and documents stored for audit requirements.
- Lead client meetings and provide progress updates on their unsettled trades in a concise and professional manner.
- Act as point of contact / escalation contact for client queries / requests and drive resolution of same.
- Train new members of Loan Closing team, work with manager to ensure training material and procedures are up to date, and correct.
- Participate and drive process improvement projects that will benefit the team and client experience.
- Participate in managerial functions as well as any other functions required as part of the business of the Company.
About You :
Salary Range : USD 95,000 - 165,000
Our Benefits
Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Citco is an Equal Opportunity Employer. It is our policy to make all employment and personnel decisions without discriminating on the basis of race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, and any other protected status.
NOTE : This job description is not intended to be all-inclusive. Employee may perform other related duties to meet the ongoing needs of the organization.
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