Loan Trading Support Analyst

Greetings from IT Engagements!

IT Engagements is a global staff augmentation firm providing a wide-range of talent on-demand and total workforce solutions. We have an immediate opening for the below position with one of our premium clients.

Job Description

Job Title: Loan Trading Support Analyst

Location: NY, Hybrid 3 Days Onsite

Experience: 10+ years (Not less than 10 years)

Duration: 12 Months

Interview: Final interview will be F2F

Visa: H1B, GCEAD, EAD, USC

Mandatory Requirements:

• 3+ years of experience in financial services
• Knowledge of current regulations and best practices
• Knowledge of PC (Excel & Word), Loan IQ
• Strong analytical and problem-solving skills.
• Ability to work under pressure and meet tight deadlines.
• Effective written and verbal communications as well as a keen sense of detail orientation are also required.
• Undergraduate degree in Finance or comparable experience

Summary

The Loan Trading Support Administrator will be responsible for partnering with the Loan Trading Desk and assisting the Front Office in the transaction process of each trade to ensure optimal support, customer service, risk management and process improvement. He/she/they will also oversee Alter Domus, our current Loan Trading outsourcing partner for accuracy and completeness in their job functions. The ideal candidate is organized, proactive, highly motivated, always exhibits professional conduct and possesses the skills to remain calm under pressure.

Essential duties and responsibilities

• Manage Loan Trades life cycle from initiation to Settlement.
• Have the ability to create the ticket and settle the Trade in Clearpar
• Liaise with and oversee Alter Domus ("AD"), our outsourcing provider for Loan Trading. Verify accuracy of AD inputs in Clearpar, confirm AD is performing duties as specified according to our work agreement.
• Assist the Loan Trading Desk, maintain communication on booking and settlement
• Be able to check and release the payments, have proper understanding of loans
• Regularly reconcile the flows and settled/unsettled trades
• On date of settlement, circulate trade documents to Loan Trading desk and Operations (BO) so settlement can be performed.
• Effectively communicate and escalate any trade issues to related internal stakeholders.
• Have ability to book the trade in Loan IQ : create Deal, Facility, Circle and Loan in Loan IQ
• Have ability to process fees in LIQ.
• Monitor unsettled trades and generate reports to management and/or trading desk as needed.
• Communicate and resolve loan trade issues and any discrepancies prior to the settlement
• Participate in projects and provide valuable input with various working groups, with the goal to continually enhance performance and efficiency.

Regards,

Satya