Securities Operations Associate II - Settlements
About The Position
We are FIS. Our technology powers the world’s economy and our teams bring innovation to life. We champion diversity to deliver the best products and solutions for our colleagues, clients, and communities. If you’re ready to start learning, growing, and making an impact with a career in fintech, we’d like to know: Are you FIS? About the Team Virtus from FIS is a leading provider of alternative investment services and technology solutions specializing in delivering comprehensive front-, middle- and back-office services to asset managers, banks, and other institutional investors. Virtus helps its clients manage their alternative investment portfolios, including CLO/CDOs, private equity, hedge funds, and other alternative assets. What You Will Be Doing The Settlement Team is responsible for primary and secondary market loan settlements. We offer cutting-edge technology in the asset servicing of broadly syndicated loans. As a Securities Operations Associate, you will provide client support for loan settlements by assisting clients with customer, deal, and asset on-boarding. Monitor and process large volumes of loan closings for CLO deals Update data and perform reconciliations Communicate and resolve trade issues, escalating as necessary Review funding memos for discrepancies prior to settlement Communicate with internal and external parties regarding loan closings Assist Asset Administration during quarter-end and/or high-volume periods
Requirements
- Bachelor’s degree or equivalent combination of education, training, and work experience
- Typically, 2 or more years' experience in accounting or finance
- Advanced Excel and Microsoft Office skills
- Knowledge of closing par and distressed loans
- Ability to read and interpret credit agreements
- Knowledge of trade fee calculations
Nice To Haves
- Experience with daily loan transactions and loan tracking systems
- Understanding of broadly syndicated loans
Responsibilities
- Provide client support for loan settlements by assisting clients with customer, deal, and asset on-boarding.
- Monitor and process large volumes of loan closings for CLO deals
- Update data and perform reconciliations
- Communicate and resolve trade issues, escalating as necessary
- Review funding memos for discrepancies prior to settlement
- Communicate with internal and external parties regarding loan closings
- Assist Asset Administration during quarter-end and/or high-volume periods
Benefits
- A voice in the future of fintech
- Always-on learning and development
- Collaborative work environment
- Opportunities to give back
- Competitive salary and benefits
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
