Truist is looking to solve the problem of providing operational support to various trading desks by processing trade settlements for primary, secondary and third party loan trades.
Requirements
- Knowledge of syndicated loan market: par and distressed loans documentation
- Working knowledge of Loan IQ and ClearPar systems
- Ability to book trades in ClearPar and Loan IQ
- 1+ years trade closing, trading desk experience or relevant syndicated loan experience
- Ability to read and interpret credit agreements as it pertains to loan settlements
- Detailed oriented person with the ability to multi-task and work in a fast-paced environment
- Excellent time management skills
Responsibilities
- Manage life cycle of loan trades from initiation to settlement
- Review of legal documentation: Trade confirmations, Assignment Agreements, Participation Agreements and Funding Memos
- Coordinate trade closings with internal and external clients
- Process trade settlements for primary, secondary and third party loan trades
- Work with internal and external clients to coordinate trade closings
- Book trades in ClearPar and Loan IQ
- Ability to read and interpret credit agreements as it pertains to loan settlements
Other
- Bachelor’s Degree or equivalent work experience
- Excellent verbal and written communications skills
- Ability to work in a fast-paced environment
- 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during the first year of employment
- 10 sick days (also prorated)
