Loan Trade Settlement Specialist I
Truist
full-time
Posted on:
Location Type: Office
Location: Charlotte • North Carolina • United States
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Job Level
About the role
- Manage life cycle of loan trades from initiation to settlement
- Review of legal documentation: Trade confirmations, Assignment Agreements, Participation Agreements and Funding Memos
- Coordinate and communicate effectively with trading desks, counterparties, agents, borrowers, other agency services teammates to close trades and to resolve trade settlement issues
- Understands and adheres to the LSTA guidelines for loan settlements
- Ability to draft manual trade documents, including funding memos as needed
- Able to identify and flag any potential risks and communicate proactively and effectively with all parties to the trade
- Ability to multitask and prioritize responsibilities to complete accurate and timely settlement of trades including reconciliation and governance of trade fails and breaks
- Performs checks and balances with ClearPar and Loan IQ
- Work within the team and across the firm to resolve issues and meet deadlines
- Work closely with the loan onboarding team to ensure that all parties are properly KYC’d and Loan IQ system is properly updated
- Works closely with the syndicate desk for new deals or amendments
Requirements
- Bachelor’s Degree or equivalent work experience
- Knowledge of syndicated loan market: par and distressed loans documentation
- Ability to read and interpret credit agreements as it pertains to loan settlements
- Detailed oriented person with the ability to multi-task and work in a fast-paced environment
- Excellent verbal and written communications skills.
- Excellent time management skills
- Working knowledge of Loan IQ and ClearPar systems (preferred)
- 1+ years trade closing, trading desk experience or relevant syndicated loan experience (preferred)
Benefits
- medical, dental, vision, life insurance
- disability, accidental death and dismemberment
- tax-preferred savings accounts
- 401k plan
- no less than 10 days of vacation
- 10 sick days
- paid holidays
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
loan trade managementlegal documentation reviewdrafting trade documentsrisk identificationtrade reconciliationgovernance of trade failscredit agreement interpretationmultitaskingtime management
Soft Skills
effective communicationdetail-orientedproactive communicationteam collaborationability to prioritize
Certifications
Bachelor's Degree