Par Loans Closing Operations Specialist - Middle Office, LMA, LSTA, ClearPar
Requirements
Requires extensive middle office experience in corporate par loans with proficiency in ClearPar, LMA, and LSTA standards. Must be skilled in interpreting loan credit agreements and managing the full loan lifecycle.
Job Description
Contract Role: Par Loans Closing Operations Specialist - Middle Office, LMA, LSTA, ClearPar
Contract Location: London. (Onsite, Monday–Friday, 08:30–18:30)
Contract Duration: 6 months initially
Contract Start Date: Immediate
Contract Classification: Inside IR35
Role Overview:
This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premiere Tier 1 Investment Banking clients.
The Credit Loans Middle Office Team supports various business teams with the origination, syndication, and secondary market trading of performing and non-performing loans. While loans are the primary product supported, the business continues to expand into other areas such as structured products, and private equities.
Credit Loans Middle Office works in partnership with various business teams to ensure efficient pre-trade due diligence, execution and settlement (the ‘’closing’’ role) of both primary and secondary loans.
The team is responsible for helping to maintain the integrity and accuracy of the risk positions taken by the firm and resolving any trade settlement issues that may arise
Key Accountabilities
- Monitoring trading systems for new trades and confirming trades with outside clients
- Drafting, reviewing & negotiating transfer documents (including trade confirms & transfer certificates
- Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure necessary approvals are obtained, pricing/cashflows are agreed, reconciled and settled within our system
Essential Skills/Basic Qualifications:
- Corporate Loans Middle office experience covering Loan Documentation and Loan Closing (end to end process/lifecycle).
- Must have Par Loans experience
- Experience of Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA)
- Hands-on experience using ClearPar for loan trade settlement, workflow management, documentation processing, and coordination of primary and secondary loan transactions.
- Demonstrable experience across loan closing, loan servicing or loan agency supporting primary and secondary loan markets.
- Must have Middle office operations experience
- Strong understanding of the loan lifecycle, including trade capture, settlement, funding, lifecycle events, amendments, restructurings and reconciliations.
- Experience interpreting and navigating Loan Credit Agreements, transfer documentation and trade confirmations.
- Experience drafting, reviewing and negotiating transfer documentation, including trade confirms and transfer certificates.
- Strong understanding of settlement processes for performing and non-performing loans.
- Professional approach and ability to communicate well directly with external parties such as borrowers, lenders and other agents
Skills
About Deloitte
Deloitte drives progress. Our firms around the world help clients become leaders wherever they choose to compete. Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. Our work combines advice with action and integrity. We believe that when our clients and society are stronger, so are we. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. The content on this page contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively the “Deloitte Network”) is, by means of this publication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on content from this page.
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