Trade Support Analyst - AllSTEM Connections : Job Details

AllSTEM Connections is currently hiring a Trading Services Specialist for one of our clients in the banking industry.

Location: Newark, DE

Contract: 1 Month

Pay rate: $25/hr

Job Title: Trading Services Specialist – Analyst – Loan Documentation

Description:

As The Trade Support Specialist within the Loan Trading Documentation team, you will be responsible for primary and secondary trade closing support and Third-Party Agency Review. Wholesale Loan Middle Office is a part of Wholesale Lending Services that primarily supports the North America Credit Trading, and Syndicated Leverage Finance businesses within the Corporate and Investment Bank

Job Responsibilities:

• Work with front office traders and sales coverage, clients, counsel and operations to settle secondary par loan trades
• Establish and maintain strong working relationships with clients/counterparts
• Manage heavy trade portfolio across various lines of business while maintaining a clean aging profile Review LSTA standard documents and other legal
• documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, and multilateral agreements
• Review credit agreements, specifically assignability language
• Identify and escalate issues to the front office trading assistants/traders/salespeople, in-house legal counsel and management, when necessary
• Prepare daily/weekly MIS reporting to track the status of open items and measure risk

Required Qualifications, Capabilities, and Skills:

• Bachelor's degree or syndicated loan experience
• Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
• Excellent oral and written communication skills
• Excellent analytical and critical thinking skills
• Ability to take initiative and self-motivate as well as work as part of a team

Preferred Qualifications, Capabilities, and Skills:

• Familiarity with loan-based software (LoanIQ, ClearPar)
• Experience with LSTA standard documentation, knowledge of the LSTA Standard Terms and Conditions
• Knowledge of the trade lifecycle and/or experience supporting a trading business
• Familiarity with syndicated loans
• Prior knowledge of loan products or trading operations

Apply for this great opportunity today!!!