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Loan Trading Settlement / Par Loan Closer

AT Mizuho
Mizuho

Loan Trading Settlement / Par Loan Closer

New York, NY

Loan Trading Settlement / Par Loan Closer

Key Responsibilities:

  • Prepare, post & review LSTA/LMA standard documents and other various loan documents including trade confirms, assignment agreements, proceeds letters, participation agreements, multilateral agreements, distressed agreements and funding memos to ensure documentation accurately reflects the instruction of the trade ticket & approval.
  • Proactively engage with traders, sales coverage, authorized signatories, customers, client onboarding, counsel, account officers, middle office, and loan operations to settle secondary par and distressed loan trades and third party assignments.
  • Establish and maintain strong working relationships with counterparties, agents, and all internal & external related parties.

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  • Work closely with Clearpar closer & WSO analyst to manage trade activity and settlements.
  • Coordinate amendment votes on pending trades and trade closings including preparation of detailed pricing calculation.
  • Maintain several document files.
  • Review credit agreements, specifically assignability language.
  • Identify and escalate issues to the traders, sales people, in-house legal counsel, account officers, and management, when necessary.
  • Prepare and maintain accurate daily reporting to track trade status reports, measure risk, and reconcile P&L monthly/quarterly reports.
  • Provide guidance to account officers, customers & other groups relating LS&T processes.
  • Assist with KYC and tax form requests.
  • Perform ad-hoc projects, support team members for audits & other administrative duties.

  • Qualifications:
    • Bachelor's degree
    • 3+ years experience closing secondary par and distressed loan trades
    • Experience with LSTA/LMA standard documentation and strong knowledge of the LSTA/LMA standard terms and conditions.
    • Proficiency with Microsoft Office Suite

    Preferred:
    • Familiarity with loan based software - ACBS, Clearpar, Loan IQ, Wall Street Office, and deal sites.
    • Prior knowledge of loan products, trading operations, and syndicated loans.

    Interpersonal and Business Skills:
    • Detail oriented and strong organizational skills
    • Excellent oral and written communication skills
    • Excellent analytical and critical thinking skills
    • Ability to work in a fast paced, high pressure environment and prioritize workload efficiently
    • Ability to take initiative and self-motivate as well as collaborate as part of a team

    The expected base salary ranges from $77,000 - $130,00. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

    #LI-Hybrid

    Other requirements

    Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process .

    Company Overview

    Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com .

    Mizuho Americas offers a competitive total rewards package.

    We are an EEO/AA Employer -M/F/Disability/Veteran.

    We participate in the E-Verify program.

    We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.

    #LI-MIZUHO

    Client-provided location(s): New York, NY, USA; Metropark, Woodbridge Township, NJ 08830, USA
    Job ID: Mizuho-R6056
    Employment Type: Full Time