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Loan Operations - Associate and AVP openings

  • Job type: Permanent
  • Location: New York
  • Salary: Competitive
  • Job reference: RTMYOCT25
  • Sector: Banking and Finance, Selby Jennings, Compliance, Investment banking, Risk Management
  • Date posted: 26/10/2017
Title - Loan Operations - Associate to AVP openings
Location - Greater New York Area
Salary - AVP - 90,000 - 130,000
           - Associate - 60,000 - 85,000

A Tier 1 Global Investment Bank is currently building out a center of excellence for the Wholesale Loan Operations team. You will be supporting millions of financial transactions, worth billions globally. You will help to ensure that trades get to the right client and to the right account, at the right time, and cover the full spectrum of financial products, from bonds and equities to swaps and options.

Experience

AVP level
  • Manage a team of associates who are responsible for syndicated lending transactions and performing all the servicing activities
  • Verify the work of others, investigate and resolve complex cash breaks, position breaks, and escalating if necessary
  • Train and develop staff
  • Manage offshore 3rd party staff
Associate level
  • Manage a portfolio of syndicated lending transactions and perform all the servicing required
  • Take ownership of the MIS and reconcilements reports for the accounts you manage
  • Assess and review credit agreements, credit sanctions, and other client documents

Skills
  • AVP - 3+ years of experience / 1+ years management experience 
  • Associate - 1 year of financial industry experience
  • Knowledge of the Wholesale Lending Operations space - specifically syndicated lending, securitizations, letters of credit and municipal financing
  • Daily review and action of control and exception reports
  • Ensure breaks a researched and resolved 
  • Bachelors degree
  • Communication skills - AVP level will be leading a team and you will liaise with stakeholders. 
  • Experience with lending systems - ACBS, ClearPar, WSO, Loan IQ

If you are interested in learning more about this role then please apply with an updated resume in Word format. If this isn’t something you are interested in, feel free to share this advertisement with your colleagues or send over any referrals.
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