Loan Closer - London, United Kingdom - Standard Chartered

Standard Chartered

Verified Company

London, United Kingdom

4 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Job:
Operations

Primary Location:
Europe & Americas-United Kingdom-London

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 24/Feb/2023, 4:43:24 AM

Unposting Date:
Ongoing

The Role Responsibilities

Strategy

Key Responsibilities

Closing of PAR LMA and LSTA loan trades
Manage work flows via Clearpar/Markit/Loan IQ
Improve Secondary Loan Closing Processes
Drafting of Loan Trade settlement documentation
Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not settling via Clearpar.
Review of underlying credit documentation to ensure accurate assignment of debt
Liaise with our business partners, counterparties and their legal counsel in a professional manner and take the lead role where required.
Be competent in all aspects of settlement and be aware of the nuances of transferring inventory under various governing laws.
Have a good understanding of the Loan Market Association.
Monitoring/tracking/reporting of all trades using appropriate workflow tools
Identifying and escalating issues to traders, in house legal and compliance teams as well as management

Knowledge/Experience

A number years of Par Closing experience across LMA and LSTA markets
Fully competent of closing trades using the ClearPar trade settlement platform
Good understanding of the LMA Term and Conditions.
Understanding of common market practices.
Good understand of the market and requirements across jurisdictions to settle trades.
A good working knowledge of Legal & Tax standards/practices that are common place in the Market, such as the understanding of (i) Novation vs Assignment (ii) WHT (iii) Transfer.

Processes

To ensure policy and procedures are followed and issues arose are reported and escalated.
To provide accurate and timely information for individual account assigned.

Risk Management

Proactive in seeking regular assurance that the FM Loan Operations is performing to an acceptable risk and control standard as per the defined Enterprise Risk Management Framework.
Maintain strong lines of communication within the FMO teams through an effective communication process.
Act quickly when any risk and control weakness become apparent and escalate to function head at the first time.

Governance

Support function head with appropriate governance metrics; ensure operational risks are retained within the appropriate risk tolerance.
Embed the Group's values and code of conduct. Support to develop a robust culture to ensure adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations

Regulatory and Business Conduct

Display exemplary conduct and live by the Group's Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Lead the [country / business unit / function/ team] to achieve the outcomes set out in the Bank's

Conduct Principles:
[Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]

Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

Internal

FM Trading and Sales
Product Control
FMO
Finance
Technology/System Support
Global Lending Services

External

Clients
Banks
Legal Counsels
Other professionals
Auditor
Knowledge about Lending products, settlement processes and Syndication processes
Familiar with Loan Market Association and Asia Pacific Loan Market Association Standards

Role Specific Competencies

Lending Products
Syndication Processes
Banking Settlement processes

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other.

We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before.

If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you.

You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours.

When you work with us, you'll see how we value difference and advocate inclusion.

Together we:
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Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
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Never settle, continuously stri