Job Summary

You will be part of the Loan Closing team working closing with both the US and European Desks ensuring all trades are settled in a timely manner. You will work closely with the Desk, Portfolio Managers and Internal Legal to prepare and sign documentation in order to facilitate the closing of a loan trade.

Job Description

What is the opportunity?

Operations Associate - Loan Closing

You will be part of the Loan Closing team working closing with both the US and European Desks ensuring all trades are settled in a timely manner. You will work closely with the Desk, Portfolio Managers and Internal Legal to prepare and sign documentation in order to facilitate the closing of a loan trade.

What will you do?

Review and sign loan trade documentation, ensuring that loan trades are closed in a timely manner on both LMA and LSTA trade rules for Par / Distressed / Primary and Secondary trades Maintaining good working relationships with prime brokers, custodians, agent banks and external vendors and Engaging with External legal counsel where necessaryReview and Execute Pricing LettersMaintaining market data base access and monitoring Corporate Actions for any events on loan positions held. Liaise with the Analysts and action consent process accordingly including any restructures of a dealEnsuring loan trades are accurately captured in Wall Street Office, reconciling any errors and liaising with the desk where necessaryObtaining Tax and KYC documents for induvial funds where necessaryMaintaining good working relationships with prime brokers, custodians, agent banks, brokers and external vendorsCashflow management of all CLOs in warehouse and drawing cash when neededActively resolving any position issues raised by the desk or Finance and investigating as necessary to identify the root cause

What do you need to succeed?

Must-have

Understanding of the lifecycle of a CLO and the processes during each phase of the lifecycle.Loan Closing experience essential, understanding LMA and LSTA trade rulesTakes the initiative to resolve problems quickly and effectivelyAbility to multi-task and prioritise accordinglyCommunicates constructively, engages others positively and readily shares information and ideas.Risk focused mindset

Nice-to-have

Knowledge of the Wall Street Office and Clearpar systemsUnderstanding trade flow connectivity for STP and have the ability to engage internal teams to work on new initiatives, test and implement.Ability to Identify new control points and demonstrate awareness of potential operational risk.Knowledge of NDA process and Public/Private restrictions

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensationLeaders who support your development through coaching and managing opportunitiesOpportunities to work with the best in the fieldAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamA world-class training program in financial servicesFlexible working options fully supported.

Job Skills

Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements

Additional Job Details

Address:

100 BISHOPSGATE:LONDON

City:

London

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-16

Application Deadline:

2025-01-27

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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