Middle Office Associate

Job Title: Middle Office Associate

Location: Salford, UK (2 days onsite, 3 days remote a week)

Duration: 10 Months Contract

Job Description

• The goal of a Middle Office Analyst is to oversee Trade Settlement client relationships.
• Provide excellent customer service and loan settlement services to our growing client base while adhering to strict deadlines and targets given.
• The position offers exposure to external industry entities such as portfolio managers, custodians, and agent banks.

Duties & accountabilities

• Manage client portfolio(s)/Agency trades in our loan Trade Settlement outsourcing services
• Communicate proactively and effectively with clients
• Coordinate with trade counterparties to receive and review par and distressed trade documentation
• Coordination with legal counsel and follow up, when needed, for distressed trades and participations
• Coordinate trade closings among clients, counterparties, and agents
• Review trade documentation, includes trade confirms, assignment agreements, and funding memos for discrepancies prior to settlement including using third party systems
• Follow up on outstanding trades and keep current comments updated
• Deliver closing packets to custodians and clients before stated deadlines
• Report client metrics and trends on a monthly basis

Education and experience

• BA or BS or equal work experience
• Commercial awareness
• Knowledge of par and distressed loans and the documentation
• Knowledge of trade fee calculations
• Ability to read and interpret credit agreements
• Experience with daily loan transactions
• Exposure to ClearPar/TSI/Markit WSO systems a plus