Summer Student - Loan Settlement

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against:
We Will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work.

Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

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The Voya Investment Management Private Market Operations team is comprised of 22 investment support professionals. Within the Operations team, there is a 6-person Loan Settlement team. The team is seeking a Settlement Intern to settle loan trades. The individual will also assist the team in researching and maintaining correct asset positions of the various portfolios investing in the senior loan asset class.

• Become fluent in multiple computer-based programs that involve input and analysis, including RDS, Aladdin and Clear Par. Review, verify, and settle trades via Clear Par or on paper documents, where required.
• Maintain, track, and prioritize all unsettled loan trades. Work closely with the cash team to determine daily cash requirements for settlements.
• Review and verify Funding Memo and relevant loan details.
• Co-ordinate and resolve any post trade settlement issues and cash queries with back office and trading counter parties.
• Ensure timely delivery of internal & external reports.
• Investigate discrepancies/audits and efficiently resolve sensitive operational issues.
• Coordinate with loan traders and internal/external Legal team(s) regarding proposed changes to trade and settlement documents.
• Work directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades.
• Collaborate with external loan servicers to confirm trade closings, cash and agent position reconciliation.
• Coordinate and confirm corporate actions with trading.
• Coordinate with internal Legal team for client onboarding or any KYC requirements.
• Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions.
• Understand and comply with firm policies and procedures while performing the responsibilities numbered above.
• Other duties as assigned

• Pursuing Bachelor’s degree or equivalent in finance, business or economics.
• Ability to perform self-directed work with multiple deadlines in a fast-paced and dynamic environment.
• Functional with Microsoft Windows (e.g., Excel, Outlook, Teams).
• Candidate must possess strong communication skills, be a team player, and have strong organizational skills with acute attention to detail.
• Ability to work in a hybrid capacity in the Scottsdale office.

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Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to…