Bank Loans Operations, Associate

About the position

The Bank Loans Operations Associate is responsible for administration of leverage loan assets in multiple systems as well as the reconciliation of records between the Trustee, agent and internal systems. The associate also does the reporting of CLO (collateralized loan obligation) compliance, data and cash reconciliation. This role requires frequent interaction with the trading desk, high yield analyst, agents and Trustees.

Responsibilities

• Process and maintain leverage loan assets security master/transactions in Wall Street Office
• Analyze and solve discrepancies between agent/trustee/internal system records
• Daily cash/positions/trades reconciliation between internal systems and Trustees
• Monthly CLO Investors report reconciliation including data, ratings and compliance reports
• CLO warehouse closing process including borrowings, pre/post closing reconciliations and tie outs
• Liaising with the Traders, analysts, and Trustees on all bank loan operations matters
• Actively participate in group and departmental projects and upgrades. Stay apprised of industry regulations and initiatives
• Assist with testing plans and document results.

Requirements

• BA/BS in Business Administration with Finance concentration preferred
• 2 - 3 years of Middle Office/Operations Trust Services experience is required
• Excellent oral and written communication skills
• High competence level with Microsoft Office tools required
• Strong Technical and Analytical skills required
• Proficient at systems specification, testing, and implementation

Nice-to-haves

• Leverage loans/CLO experience preferred
• Experience with BlackRock's Aladdin and Wall Street Office is a plus

Benefits

• Full package of benefits for employees
• Leave programs
• Adoption assistance
• Student loan repayment programs
• Annual discretionary bonus
• Incentive program