Loan Services - Trade Operations

Guggenheim Investments•New York City, NY

6d•Onsite

About The Position

Guggenheim Investments is seeking an Associate to join its Loan Services team in the New York office. Reporting to the Director of Loan Services, the Associate supports trade operations and funding activities, including data analysis, direct and secondary loan settlements and borrowings, restructure processing, and monthly metrics. The role works closely with traders, credit analysts, legal team members, and other internal and external parties. It offers the opportunity to contribute problem-solving and interpretation skills in a dynamic team environment and support the team’s Integrity objectives and initiatives. The ideal candidate has a deep understanding of bank debt and fixed income securities. The Loan Services team supports a broad range of bank loan and related trade processes. The Associate helps ensure trades are accurately booked, allocated, reviewed, executed, and closed in a timely manner; coordinates settlement and funding; manages amendments and restructures; monitors cash and position breaks; supports liquidity management; and prepares reporting for business stakeholders and senior management. The role also involves working with trade documents, counterparties, custodians, fund administrators, agent banks, and internal teams to resolve issues and facilitate settlements. This is a full-time position located in the New York office. Candidates must be authorized to work in the United States without current or future visa sponsorship or transfer. The annual base salary range is $95,000–$105,000; actual base salary may vary based on factors such as location and experience, and total compensation may include incentive compensation.

Requirements

Undergraduate degree.
At least 2 years of relevant work experience in an investment management or financial services environment.
At least 2 years of bank loan-related experience.
Proficiency with Microsoft Office, especially Excel.
Ability to multitask in a fast-paced and challenging environment.
Organized, detail-oriented, and thorough, with strong problem-solving skills and demonstrated initiative.
Excellent written and verbal communication skills, with the ability to collaborate with internal teams and external clients and service providers.
Authorization to work in the United States without current or future visa sponsorship or transfer.

Nice To Haves

Knowledge of Wall Street Office and Bloomberg.

Responsibilities

Process bank loan-related transactions in portfolio management and related systems, including transfers, CLO and middle-market closings, crosses, CTP, and terminations.
Process non-loan bookings in Wall Street Office; book trade amendments and reallocations for bank loan trades.
Confirm bank loan trades daily in Aladdin and reconcile trades between BRS and WSO, comparing trade details across systems for booking accuracy.
Monitor and resolve trade-related cash and position breaks; follow up with custodians to ensure trades are funded.
Serve as an operations contact for custodian banks, trustees, fund administrators, administrative agent banks, and other third parties, responding to or directing inquiries and providing documentation.
Assist with fund audit requests and business initiatives.
Communicate non-CIDD bank loan trade and ABS term loan settlements to custodian banks, and coordinate direct settlements to support timely funding and accurate system records.
Work with internal and external parties on borrowing requests, process borrowings in BRS, and ensure timely funding; input wires into portals for specific fundings, sometimes including GCS.
Provide fund administrators with settlement packages and supporting documentation and information, including credit agreements.
Track loan amendments and process restructures in systems while communicating with internal and external stakeholders.
Update and reconcile prices between systems, backfill missing marks, and map revolvers and delayed draws in WSO to support accurate reporting.
Assist in developing and documenting procedures and controls to improve departmental efficiency and productivity.
Populate or refresh trades in BRS for analytics and compile trading metrics for business stakeholders and upper management.
Ensure trades are booked, allocated, reviewed for accuracy, executed, and checked off for closing in ClearPar in a timely manner.
Review and understand LSTA standard documents and other legal documents, including trade confirmations, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, multilateral agreements, and credit agreements, with attention to assignability language.
Provide KYC packages and respond to questions for new accounts or counterparties, seeking guidance from Compliance or Tax when needed.
Coordinate with agent banks, counterparties, portfolio managers, traders, analysts, Legal, and Compliance to support timely settlement of primary, secondary, and distressed loan trades.
Maintain accurate trade details in ClearPar and WSO, resolve issues before settlement, and escalate and track issues through appropriate workflow tools when necessary.
Manage loan amendment workflows, including tracking submissions and ensuring votes are executed accurately and on time.
Manage a heavy trade portfolio for an assigned client base while maintaining a clean aging profile and targeting settlement within the LSTA standard timeframe.
Manage liquidity for accounts in coordination with portfolio managers; notify the FX desk at least two days before FX settlement when possible and follow up on cash breaks with custodians.
Ensure trade fees are booked in WSO and tied to ClearPar invoices; submit invoices to custodians and follow up to ensure timely payment.
Draft manual trade confirmations, assignment agreements, and funding memoranda for trades not booked on ClearPar; coordinate direct-trade funding with Legal and Origination, and prepare, review, sign, and submit funding memoranda to custodians as needed.
Create, interpret, and present trading, portfolio management, and operations metrics; prepare weekly or monthly open-trade and trading-metrics reports for senior management.
Process large-scale loan assignments for special projects, including CLO warehousing and closings, cross-trades, and client-directed transfers.