Job Description
Primary Responsibilities
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Manage end-to-end settlement of syndicated bank loan trades under LSTA market standards.
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Execute and oversee LSTA loan settlements, closings, and assignment processing through ClearPar and manual settlement processes.
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Coordinate and manage LMA trade closings, transfer certificates, and settlement documentation.
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Perform delayed compensation and Cost of Carry (CoC) calculations accurately and within market timelines.
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Settle participation trades, par trades, distressed trades, and cross trades.
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Review funding memos, trade confirms, settlement notices, and payout letters to ensure settlement accuracy.
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Liaise with agent banks, custodians, fund administrators, counterparties, and internal teams to resolve settlement exceptions.
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Investigate and resolve cash and position reconciliation breaks on a timely basis.
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Perform daily cash reconciliation and position reconciliation across internal systems and third-party records.
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Ensure accurate booking of settlements, fees, delayed compensation, and trade-related adjustments.
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Handle custody, administrator, and agent bank queries relating to settlements and trade lifecycle events.
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Support warehouse closings, portfolio redemptions, restructurings, and corporate action events.
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Monitor settlement aging and proactively drive trades to closure.
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Prepare and review MIS, KPI, and management reports.
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Participate in process improvement and automation initiatives.
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Support audits, regulatory reviews, and control testing activities.
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Provide guidance and oversight to junior team members and contribute to team development.
Mandatory Experience
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10-15 years of experience in Investment Operations, Bank Loan Operations, or Loan Settlements.
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Strong hands-on experience in LSTA loan settlements and trade closings.
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Experience working on LMA loan settlements and closing processes.
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Strong knowledge of Delayed Compensation and Cost of Carry (CoC) calculations.
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Experience settling participation trades and cross trades.
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Extensive experience in cash reconciliation and position reconciliation.
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Proven experience handling settlement exceptions and break resolution.
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Strong understanding of syndicated loan products and settlement lifecycle.
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Experience interacting with agent banks, custodians, administrators, and counterparties.
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Experience using ClearPar for loan trade settlement processing.
Required Systems Knowledge
Hands-on experience with one of the below:
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ClearPar
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WSO Admin
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Geneva
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Loan IQ
Preferred Qualifications
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Bachelor's Degree in Finance, Commerce, Accounting, Economics, or related discipline.
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Knowledge of loan restructurings and corporate actions.
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Experience in warehouse closings and portfolio redemption settlements.
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Exposure to non-loan products such as Fixed Income, Bonds, or FX.
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Experience working with offshore or outsourced operating models.
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Knowledge of Power BI, Python, VBA, or other automation tools.
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Prior people management or team lead experience.
Key Competencies
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Loan Settlement Expertise (LSTA/LMA)
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Delayed Compensation & CoC Calculations
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Cash & Position Reconciliation
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Break Investigation & Resolution
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Stakeholder Management
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Team Leadership & Mentoring
Reporting Relationships
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.
