Trade Support Specialist (Banking)
Veterans Sourcing Group
Job Description
Job Description
A global financial services company is seeking a Trade Support Specialist for their office in Newark, DE
Location: Newark, DE
Duration: 6 months, temporary to hire
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 heavy trade portfolio across various lines of business while maintaining a clean aging profile Review 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:
• Bachelor’s 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
Vacancy posted 6 days ago
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