Par & Distressed Loan Closer - London, United Kingdom - Resource Solutions.

Resource Solutions.
Resource Solutions.
Verified Company
London, United Kingdom

1 week ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description
Resource Solutions. London, United KingdomPosted 3 hours ago Hybrid Contract Negotiable


Role Title:
Par & Distressed Loan Closer


Role Type:
Contract


Length:6 months


Location:
London


Opportunity Overview:
A fantastic opportunity has opened to join my client JP Morgan, as a Par & Distressed Loan Closer. J.P.

Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments, and institutions in more than 100 countries.


Role Objective:
The EMEA Loan Trading business is part of the Corporate and Investment Bank's Global Credit Trading platform.

The business trades all privately issued loans, including second lien and mezzanine securities and in the case of distressed loans any successor or restructured instruments including restructured equity.

Our client base includes the top European banks, credit funds, CLO investors, hedge funds and private equity clients. The desk serves each of these clients with opportunities from Investment Grade to distressed and complex restructurings.


Key Responsibilities:


  • Understanding, reviewing, and drafting LMA standard documents and other traderelated documents including confirms, assignment agreements, claims, proceeds letters, participation agreements, cash collateral agreements and multilateral agreements.
  • Coordinating with internal and external legal counsel to agree to proposed changes to trade documents.
  • Reviewing and understanding syndicated credit agreements with specific focus on transfer mechanics
  • Managing a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times
  • Identifying and escalating issues to the front office trading assistants / traders / salespeople, internal legal counsel, and operations management
  • Escalating LMA trade confirmation issues, focusing primarily on key economics, language, and feerelated disputes
  • Working directly with counterparties, internal partners and external Agents to resolve issues.
  • Monitoring / tracking / reporting of all escalated issues using appropriate workflow tools.
  • Coordinating timely and precise trade settlement with various settlement groups across WLO
  • Performing traderelated calculations, including delayed compensation, cost of carry and benefit of commitment reductions
  • Creating and understanding key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population.
  • Responsible for waiver and amendment monitoring for credits where necessary.
  • Working on nonBAU projects and initiatives designed to improve automation and strengthen the team's control environment.

Requirements:


  • Extensive knowledge of the LMA market to include bankruptcy and restructurings; experience in distressed closings would be particularly desirable.
  • Subject matter expertise in relation to loan transfer documentation and loan settlements
  • Knowledge of Loan IQ and ClearPar preferred.
  • Excellent oral and written communication skills
  • Excellent analytical skills
  • Selfmotivation with tangible examples of demonstrating drive and initiative and be highly organized.
  • Extremely detailed and control orientated; keen to understand the detail.
  • Ability to multitask efficiently under pressure and in a fastpaced environment.
  • Graduate calibre
  • Strong PC skills in particular Excel, Word, and PowerPoint
  • Must be able to resolve issues daily.
  • Must have excellent client service skills.
  • European language skills desirable

Don't hesitate and miss out on this opportunity

  • Job ID 295478
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