Syndicated Loan Closer

RBC Capital Markets, LLC
401(k)
United States, Connecticut, Stamford
Nov 16, 2024
Job Summary Job Description What is the opportunity? Join BlueBay's US Fixed Income capabilities as a Loan Closer/Senior Loan Closer. As part of an integrated global fixed income team, our US Fixed Income presence enables us to access the breadth of investment opportunities available in US fixed income markets to deliver domestic as well as global portfolio solutions to clients. What will you do? Ensuring loan trades are accurately captured in ClearPar and Wall Street Office. Review and sign loan trade documentation and ensuring that loan trades are closed in a timely manner. Engaging External legal counsel, KYC and Tax teams where necessary to fulfil requirements for trade closures. Actively resolving any position issues raised by the desk or Finance and investigating as necessary to identify the root cause. Monitor Corporate Actions for any events on loan positions held and action consent process accordingly. Understanding of the Loan Servicing role and be able to process servicing activity such as rollovers, paydowns, drawdowns, fees where required. Contributing towards weekly updates for senior management. Engaging internal teams to ensure trade flow connectivity is maintained for STP and that new initiatives are agreed, tested, and implemented. Identifying new control points and demonstrate awareness of potential operational risk. What do you need to succeed? Must-have Understand LMA and LSTA trade rules 5-10 years' of asset management and syndicated loan expertise. Clearpar/Markit experience Understanding of the lifecycle of a CLO and the processes during each phase of the lifecycle. Ability to independently liaise with the desk and other internal teams to complete BAU. Corporate Actions knowledge with the understanding of restructures and waivers and how this effects settled and unsettled positions Nice-to-have Knowledge and understanding of the WSO system Distressed Trading exposure What's in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable Leaders who support your development through coaching and managing opportunities Ability to make a difference and lasting impact Work in a dynamic, collaborative, progressive, and high-performing team Flexible work/life balance options Opportunities to do challenging work Opportunities to take on progressively greater accountabilities Access to a variety of job opportunities across business The good-faith expected salary range for the above position is $80,000 - $135,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life, and disability insurance; and paid time-off plan. RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging, and retaining talent that: * Drives RBC's high-performance culture * Enables collective achievement of our strategic goals * Generates sustainable shareholder returns and above market shareholder value Job Skills Active Learning, Business Analytics, Business Appraisals, Business Process Design, Decision Making, Effectiveness Measurement, Multi-Level Communication, Operational Delivery, Time Management Additional Job Details Address: 750 WASHINGTON BOULEVARD:STAMFORD City: Stamford Country: United States of America Work hours/week: 40 Employment Type: Full time Platform: WEALTH MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2024-11-15 Application Deadline: Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Inclusion and Equal Opportunity Employment At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities. We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.