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Job Requirements of Trade Settlement Associate Intermediate (3-6 years):
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Employment Type:
Contractor
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Location:
Newark, DE (Onsite)
Do you meet the requirements for this job?
Trade Settlement Associate Intermediate (3-6 years)
Job Title: Trade Settlement Associate Intermediate (3-6 years)
Location: , Newark, DE 19713
Duration: months onsite
Rate: $24.49/hr on W2
Job Description:
Wholesale Loan Middle Office is a part of Wholesale Lending Operations that primarily maintain and investigate trade related exceptions, such as open payable and receivable balances. Communicates frequently with front office, documentation, and accounting and control teams as well as external counterparties. Monitor general ledger activity regarding payments associated with trade settlement. Provide detailed commentary to management for aging items. Govern receivable items assigned to trading, investigate, and reassign as necessary.
Key Responsibilities
Work with settlements teams, front office traders and sales coverage, clients, counsel, and operations to investigate settlement exceptions
Establish and maintain strong working relationships with clients/counterparty/team members
Identify and escalate issues to the front office trading assistants/traders/salespeople, in-house legal counsel, and management
Manage heavy trade portfolio across various lines of business while maintaining a clean aging profile Review LSTA standard documents and other legal documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, and multilateral agreements
Review credit agreements, specifically assignability language
Prepare reporting to track the status of open items and measure risk
Other tasks as assigned
Qualifications Required
- Bachelor's degree or equivalent experience
- Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
Preferred
- Familiarity with loan-based software (LoanIQ, ClearPar)
- Knowledge with LSTA standard documentation and of the LSTA Standard Terms and Conditions
- Knowledge of the trade lifecycle and/or experience supporting a trading business
- Familiarity with syndicated loans
- Prior knowledge of loan products or trading operations
- Basic accounting knowledge
Interested candidates please send resume in Word format Please reference job code 239373 when responding to this ad.