Loan Services - Trade Operations

Position Summary

Guggenheim Investments is seeking a Senior Associate to join the Loan Services team. This individual will report to the Director of Loan Services and assist trade operations and funding teams, including but not limited to data analysis, coordination of direct and secondary loan settlements and borrowings, restructure processing, and monthly metrics. The position requires close interaction with various parties across the firm including traders, credit analysts, and legal team members.

This role will involve working in a dynamic team environment and presents opportunities to utilize interpretation and problem‑solving skills in support of the team’s integrity objectives and initiatives. The ideal candidate will possess a deep understanding of bank debt and fixed income securities. The Senior Associate role presents an opportunity to join a team that sits at the “hub” of Guggenheim Investments at an exciting time of growth and evolution at all levels of the company.

This position is located in the New York Office, full‑time.

• Process bank loan‑related transactions in portfolio management and related systems including transfers, CLO & middle market closings, crosses, CTP and terminations
• Process non‑loan bookings in Wall Street Office Book all trade amendments and reallocations for Bank Loan trades
• Perform daily confirmation of Bank Loan trades in Aladdin allowing for flow via interface
• Reconcile trades between BRS and WSO. Details of loan trades are compared against systems to ensure booking accuracy and the details of bond, repo and FX trades are compared for CLO and Private Funds
• Monitor and resolve trade‑related cash/position breaks on dashboard
• Act as the operations contact with various third parties including custodian banks, trustees, fund administrators, and administrative agent banks to answer or direct various inquiries; team is responsible for answering and addressing all inquiries which may range from trade & position questions to providing documentation
• Assist with requests related to fund audits and various business initiatives
• Communicate non‑CIDD bank loan trade & ABS term loan settlements to custodian banks; hand holding of direct settlements ensuring timely funding & accurate reflection in systems
• Work closely with internal and external parties on borrowing requests; processing in BRS and ensuring timely funding Wire input into portals for specific fundings sometimes inclusive of GCS
• Provide fund admins with settlement packages and additional documentation & information such as Credit agreements etc.
• Track loan amendments and process restructures in systems communicating to both internal and external stakeholders
• Update and reconcile prices between systems back filling missing marks, mapping revolver and delayed draws in WSO to ensure accurate reporting for teams including Private Funds & CLO as well as Fund Accounting
• Assist in the development and documentation of procedures and controls to increase the efficiency and productivity of the department
• Populate/refresh trades in BRS for analytics data
• Compile trading metrics for circulation to business and upper management
• Ensure all trades are booked, allocated, reviewed for accuracy, executed and checked off for closing in Clear Par in a timely manner
• Review and understand LSTA standard documents and other legal documents including Trade Confirms, Assignment Agreements, Proceeds letters, Participation agreements, Cash collateral agreements and Multilateral Agreements and Credit Agreements, specifically assign‑ability language
• Provide KYC packages and field any questions for any new accounts or as requested by counter parties which may require further guidance/assistance from Compliance or Tax team
• Maintains close interaction with various parties such as agent banks, counter parties, PMs, traders, analysts, legal and compliance to ensure timely settlement occurs (primary, secondary as well as distressed loan trades)
• Maintains accuracy of trade details through Clear Par and WSO to ensure any issues are resolved prior to settlement
• Identify and escalate issues to the front office, bank loan trading assistants/traders,…