Trade Execution Par Loan Closer

UBS • Raleigh, NC

47d • $57,500 - $72,500

About The Position

UBS is currently seeking a syndicated loan trade closer in the Trade Execution team within the broader Global Loan Servicing (GLS) Operations team. The Loan trade Closer is responsible for the timely and accurate closing of Secondary Par, Primary, & Third Party loan trades. The Trade Closer works closely with our outsourced vendor S&P, Business/Trading desk, trade counterparties, and Agents to ensure the timely and accurate settlement of our loan trades. The Loan Closer also works with internal teams including Onboarding, Finance, Payments, and Tax to remediate issues delaying settlements and break resolution.

Requirements

• Familiar with the corporate loan product and standard documents and concepts
• Knowledge of corporate loan product and LSTA Par loan trade settlements
• Bachelor's degree
• Ability to quickly pick up and learn the loan product, systems, and processes
• Effectivelymunicate and build relationships with our Trading Desk and Investment Bankers
• Manage our internal stakeholders and vendor relationships with S&P

Nice To Haves

• Takes initiative to resolve issues & deep dives into root cause to prevent further problems
• Naturally inquisitive and self-motivated to learn new functions and processes
• Effectivemunication andfortable dealing with all levels of the firm and external clients; both oral and written
• Able to think creatively, flexibly, and logically to solve problems
• Detail oriented and able to multi-task in a fast-paced environment
• Interested in digitalization and have an affinity with technology

Responsibilities

• Vendor management working closely with S&P / Clearpar Closers on trade settlement, ensuring trade activity and settlements are processed accurately and timely
• Daily reconciliation and management of cash, position, intersystem, trade and ledger breaks
• Partner with internal stakeholders including Traders, Sales, Bankers, Finance and various operational teams including Tax, Onboarding, & Payments to settle loan trades
• Ensure trade economics and delayedp, cost of carry, and fees are correct
• Familiar with amendments processing including cashless rolls, Extensions, Waivers, Consents
• Assist with KYC & Tax with any issues and escalations
• Identify and escalate issues and pro-actively look for ways to improve processes and controls
• Perform ad-hoc projects and support team members

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees