Middle Office Loan Closer, Vice President

Location: New York

## Middle Office Loan Closer, Vice President Apply locations:
New York, NYtime type:
Full time posted on:
Posted 3 Days Agojob requisition :
JR- #
** Position Summary
** Guggenheim is seeking a Vice President to join the Loan Services closing team. The position requires close interaction with various parties including traders, client service support, custodian/trustee banks, fund administrators, legal counsel and credit analysts. This role will involve working in a dynamic team environment, presenting opportunities to further develop bank loan industry knowledge, and supports the Loan Closing team’s objectives and initiatives.

The ideal candidate will possess operational expertise inclusive of a complete understanding of private debt, bank debt, and fixed income securities and have proven their ability to work effectively in a high-pressure environment. The Vice President 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.

The position is located in our New York City Office, full-time.#
** Responsibilities**#
** Key Responsibilities
*** Team is responsible for ensuring 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
* Provides KYC packages and fields 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, in-house legal counsel and management, when necessary and track and report these issues through appropriate workflow tools
* Manage loan amendment workflow, to include tracking, submission and ensure votes are executed in a timely and accurate manner
* Ability to manage heavy trade portfolio, for assigned client base, while maintaining a clean aging profile, with the goal of settlement within the LSTA standard for settlement time
* Manage liquidity for various accounts through correspondence with the PMs. Settlements team will notify PMs as cash needs arise. For FX trades, desk needs to be notified at least 2 days prior to ensure funds are available for settlement. In rare instances, 2 days cannot be guaranteed due to the Agent executing late but will notify the FX desk as soon we’re aware of settlement.

Any cash breaks, settlements is responsible for following up with the custodians to ensure all trades are funded
* Ensure all trade fees are booked into WSO and tied to Clear Par invoices. Invoices are submitted to the custodian for payments and followed up regularly to ensure all invoices are paid in a timely manner
* Drafting manual documents (trade confirms, assignment agreement & funding memos for any trades not booked on Clear Par.
* Direct Trades – settlements works alongside legal/origination team to facilitate funding for closing. Once a funding date is determined, funding memos will be manually drafted (in some instances, the counter party will draft the funding memos), reviewed, signed and submitted to the custodians for payment to ensure funds are received in a timely manner
* Create, understand and present metrics reporting for trading, portfolio management and operations
* Prepare monthly/weekly reporting to senior management for open trades and trading metrics
* Process large-scale loan assignments related to special projects including CLO warehousing and closing, cross-trades and client-directed transfers#
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