Loan Services - Trade Operations

Guggenheim Investments•New York, NY

1d•$95,000 - $105,000•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 will support trade operations and funding activities, including data analysis, coordination of direct and secondary loan settlements and borrowings, restructure processing, and monthly metrics. The position requires close collaboration with traders, credit analysts, legal team members, and other internal and external parties. It offers the opportunity to contribute interpretation and problem-solving skills in support of the team’s Integrity objectives and initiatives in a dynamic, growing organization. A strong understanding of bank debt and fixed income securities is sought. The Associate supports the timely and accurate processing, booking, settlement, funding, reconciliation, and reporting of bank loan and related transactions. The role also manages loan amendment workflows, resolves trade and cash discrepancies, coordinates with counterparties and service providers, prepares documentation, and contributes to procedures, controls, and business initiatives.

Requirements

Undergraduate degree and at least two years of relevant work experience in investment management or financial services.
At least two years of bank loan-related experience.
Proficiency in Microsoft Office Suite, particularly Excel.
Ability to multitask in a fast-paced and challenging environment.
Strong organizational skills, attention to detail, thoroughness, and problem-solving ability.
Demonstrated ability to take initiative.
Excellent written and verbal communication skills and ability to collaborate with internal teams, external clients, and service providers.
Must be authorized 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 and book amendments and reallocations for bank loan trades.
Confirm bank loan trades daily in Aladdin and reconcile trades between BRS and WSO, checking transaction details for booking accuracy.
Monitor and resolve trade-related cash and position breaks using the dashboard.
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 and ABS term loan settlements to custodian banks, coordinate direct settlements, and ensure timely funding and accurate system records.
Process borrowing requests in BRS and coordinate timely funding with internal and external parties.
Enter wire instructions into portals for specific fundings, sometimes including GCS.
Provide fund administrators with settlement packages and supporting information, including credit agreements.
Track loan amendments and process restructures in systems, 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 and senior 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 and other legal documents, including trade confirms, 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 counterparty questions, 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, submission, and timely, accurate execution of votes.
Manage a heavy trade portfolio for an assigned client base while maintaining a clean aging profile and targeting settlement within LSTA standard timelines.
Manage liquidity for accounts in coordination with portfolio managers; notify the FX desk at least two days ahead of FX settlement when possible and follow up with custodians on cash breaks to ensure trades are funded.
Ensure trade fees are booked in WSO and match ClearPar invoices; submit invoices to custodians and follow up to ensure timely payment.
Draft manual trade documents, including trade confirms, assignment agreements, and funding memos, for trades not booked on ClearPar.
Coordinate direct-trade funding with Legal and Origination, draft or review funding memos, obtain signatures, and submit documents to custodians for payment.
Create, understand, and present trading, portfolio management, and operations metrics; prepare weekly or monthly senior-management reports on open trades and trading metrics.
Process large-scale loan assignments for special projects, including CLO warehousing and closing, cross-trades, and client-directed transfers.