Adecco - New York, NY

posted 2 months ago

Full-time - Entry Level
New York, NY
Administrative and Support Services

About the position

Join our client's dynamic team as a Syndicated Loan Operations Analyst and play a pivotal role in the smooth functioning of their global markets loan operations. In this position, you will be responsible for coordinating all documentation related to the settlement of bank loan trades within the primary and secondary markets. This role offers a unique opportunity to work closely with traders, salespeople, research analysts, trading counterparties, internal and external legal counsel, administrative agent banks, and various internal operations groups. The position is hybrid, allowing for a blend of remote and in-office work, and offers competitive compensation at $33.00 per hour over a 12-month contract period. As a Syndicated Loan Operations Analyst, you will engage in various key responsibilities that include confirming loan documentation for accurate trade settlements, drafting and confirming loan documentation related to trade settlement within the syndicated loan market, and providing support in areas such as trade closing, research support, sales support, and account management support. You will also manage post-trade activity and logistics, including document negotiation and trade settlement pricing, while contributing to process and technological enhancements aimed at shortening closing times and reducing post-trade risk. Your role will also involve validating loan commitments, interest payments, and fee payments, as well as monitoring reports and reconciliations. You will be expected to analyze and resolve operational problems, participate in ad hoc projects, and investigate and resolve breaks. Additionally, you will process loans end-to-end with accurate data input into various credit and operating systems. If you are a detail-oriented professional with a passion for the syndicated loan market, we encourage you to apply.

Responsibilities

  • Confirm loan documentation for accurate trade settlements, drafting and confirming loan documentation related to trade settlement within the syndicated loan market.
  • Provide syndicated loan trading support in the areas of trade closing, research support, sales support, and account management support.
  • Manage post-trade activity and logistics, including document negotiation and trade settlement pricing.
  • Contribute to process and technological enhancements to shorten closing times and reduce post-trade risk.
  • Validate loan commitments, interest payments, fee payments, and monitor reports and reconciliations.
  • Analyze and resolve operational problems, participate in ad hoc projects, and investigate and resolve breaks.
  • Process loans end-to-end with accurate data input into various credit and operating systems.

Requirements

  • 3-5 years of experience within the syndicated loan market.
  • Understanding of credit documentation (e.g., Credit Agreement) for detailed reviews.
  • Self-motivated and able to work unsupervised.
  • Previous experience or knowledge of primary and secondary loan trading.
  • Knowledge of operational risk.

Benefits

  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • Short-term disability
  • Additional voluntary benefits
  • EAP program
  • Commuter benefits
  • 401K plan
  • Paid Sick Leave
  • Holiday pay
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