Âops Professional Mkts - London, United Kingdom - Bank of America

Bank of America

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

Job Title:
Global Market Loan Operation Specialist

Corporate Title:
AVP

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:

You will be responsible for the monitoring & agreement of interest, repayments & dividends for par, distressed, and structured loans.
You will be responsible for the reconciliation of loan positions trading under LMA, LSTA and bespoke documentation, for both performing and nonperforming assets.
You will be responsible for the agreement of interest, fees & repayments on lifecycle events and restructurings for both desk and subparticipated positions
You will be responsible for verification and authorisation of cash payments
You will conduct a comprehensive review and management of loan corporate actions requests for the Global Markets Credit Trading desk
You will provide support to the confidentiality agreements team, helping to draft, negotiate and execute Non-Disclosure Agreements
You will work closely with other internal and external teams: Loan Servicing, Loan Closing, Legal, Conflicts, Compliance, Tax, Notaries, Courts, and Agent Banks

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 backup childcare including virtual tutoring and 20 days of backup 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