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Commercial Bank - Trade Support Specialist, Trade Settlement - WLS (Newark, DE)

Job Description

Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.

 
Wholesale Lending Services - Middle Office (WLS-MO) provides operational support globally to multiple different lines of business involved in loan origination and trading across both the Corporate & Investment Bank (CIB) and Commercial Bank (CB).  Responsibilities of the WLO-MO include but are not limited to trade capture, trade closing, trade settlement and loan servicing.  The team covers a wide range of products, ranging from traditional bi-lateral and syndicated loans to structured instruments such as collateralized loan obligations and secured loans, as well as total return swaps, distressed debt, and bankruptcy claims. 
 
The Trade support specialist will support the settlement of loan trades globally on behalf of all LOB’s falling under the CIB and CB that engage in loan syndication and trading activity, including Credit Trading, Fixed Income Financing, Debt Capital Markets and CIB Risk.  The role is fast-paced and involves high transactions and requires close coordination with a number of internal groups (trading desk, Finance/Product Control and other groups within WLS) as well as external clients.
 
On-going Responsibilities:
  • Prepare and execute trade settlement timely for various loan businesses within currency deadlines
  • Review of all settlement documentation in accordance with the LSTA and LMA standard terms and conditions
  • Maintain and investigate trade related exceptions, such as open payable and receivable balances.
  • Communicate frequently with front office, documentation, and accounting and control teams as well as external counterparties
  • Monitor general ledger activity in regards to payments associated with trade settlement.
Qualifications:
  • Bachelor's degree in Finance or Business (or equivalent experience)
  • Excellent communication and interpersonal skills
  • Demonstrated leadership abilities and strong teamwork skills
  • Control Oriented
  • Prioritize workload efficiently
  • Detail orientated individual that can work effectively under pressure
  • Strong attention to detail
  • Ability to multi-task and prioritize workload
  • Strong problem solving, decision making, and analytical skills
  • Results driven
  • Basic accounting knowledge
  • Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
  • Prior knowledge of loan product or trading operations is desired
Req #: 180047746
Location: Newark, DE US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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