Trading Services Specialist (3-6 years)

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Job description

Trading Services Specialist (3-6 years)

BCforward is currently seeking a highly motivated for an opportunity in : Trading Services Specialist (3-6 years)

Position Title: Trading Services Specialist (3-6 years)

Location: Newark, DE

Expected Duration: 3+ months

Job Type: Contract

Pay Range: $23.87 /hr on W2

Responsibilities:

Job Title: Trading Services Specialist (3-6 years)

Location: Newark, DE

Duration: 3+ months contract (Possibility of extension)

Rate: $23.87 /hr on W2

Job Description:

Job Summary:

As The Trade Support Specialist within the Loan Trading Documentation team, you will be responsible for primary and secondary trade closing support and Third Party Agency Review. Wholesale Loan Middle Office is a part of Wholesale Lending Services that primarily supports the North America Credit Trading, and Syndicated Leverage Finance businesses within the Corporate and Investment Bank

Job Responsibilities:

• Work with front office traders and sales coverage, clients, counsel and operations to settle secondary par loan trades
• Establish and maintain strong working relationships with clients/counterparts
• Manage a trade portfolio across various lines of business while maintaining a clean aging profile Review Loan Syndications and Trading Association (LSTA) standard documents and other legal documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, and multilateral agreements
• Review credit agreements, specifically assignability language
• Identify and escalate issues to the front office trading assistants/traders/salespeople, in-house legal counsel and management, when necessary
• Prepare daily/weekly MIS reporting to track the status of open items and measure risk

Required Qualifications, Capabilities, and Skills:

• Bachelors degree or syndicated loan experience
• Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
• Excellent oral and written communication skills
• Excellent analytical and critical thinking skills
• Ability to take initiative and self-motivate as well as work as part of a team
• Preferred Qualifications, Capabilities, and Skills:
• Familiarity with loan-based software (LoanIQ, ClearPar)
• Experience with LSTA standard documentation, knowledge of the LSTA Standard Terms and Conditions
• Knowledge of the trade lifecycle and/or experience supporting a trading business
• Familiarity with syndicated loans
• Prior knowledge of loan products or trading operations

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally. BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work. BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum . As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process. This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Interested candidates please send resume in Word format Please reference job code 228456 when responding to this ad.

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