Truist
Syndicated Loan Operations - Loan Trade Settlement Specialist I
Truist, Charlotte, North Carolina, United States, 28245
Syndicated Loan Operations - Loan Trade Settlement Specialist I
Join to apply for the
Syndicated Loan Operations - Loan Trade Settlement Specialist I
role at
Truist .
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you will be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.
Regular or Temporary: Regular. Language Fluency: English (Required). Work Shift: 1st shift (United States of America).
Position location is open to office locations within Truist’s footprint. If located in a Truist hub city location, the work style will be: In Office (5 days/week).
Provides operational support to various trading desks by processing trade settlements for primary, secondary, and third‑party loan trades. Works with internal and external clients (such as counterparties, agents, vendors, loan trading desks and legal) to coordinate trade closings.
Essential Duties And Responsibilities
Manage life cycle of loan trades from initiation to settlement. Review legal documentation: trade confirmations, assignment agreements, participation agreements and funding memos.
Coordinate and communicate effectively with trading desks, counterparties, agents, borrowers, and other agency services teammates to close trades and resolve trade settlement issues.
Understand and adhere to the LSTA guidelines for loan settlements. Draft manual trade documents, including funding memos as needed.
Identify and flag potential risks, communicating proactively and effectively with all parties to the trade, both internal and externally.
Multitask and prioritize responsibilities to complete accurate and timely settlement of trades, including reconciliation and governance of trade fails and breaks.
Perform checks and balances with ClearPar and Loan IQ to ensure proper recording of position transfers and funding.
Work within the team and across the firm to resolve issues and meet deadlines, specifically with Loan Sales/Trading, Accounting, Agency Services and other internal lines of business on issues regarding P&L and positions reconcilement.
Work closely with the loan onboarding team to ensure that all parties are properly KYC’d and that the Loan IQ system is properly updated with counterparty/lender information.
Work closely with the syndicate desk for new deals or amendments to ensure that all information is received timely and to create the build within ClearPar.
Qualifications Required Qualifications
Bachelor’s Degree or equivalent work experience
Knowledge of syndicated loan market: par and distressed loan documentation
Ability to read and interpret credit agreements as it pertains to loan settlements
Detail‑oriented person with the ability to multitask and work in a fast‑paced environment
Excellent verbal and written communication skills
Excellent time‑management skills
Preferred Qualifications
Working knowledge of Loan IQ and ClearPar systems; ability to book trades in ClearPar and Loan IQ.
1+ year(s) of trade closing, trading desk experience or relevant syndicated loan experience
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax‑preferred savings accounts, and a 401(k) plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full‑time or part‑time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non‑temporary position for which you apply, based on full‑time or part‑time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law E‑Verify IER Right to Work
Referrals increase your chances of interviewing at Truist by 2×.
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Syndicated Loan Operations - Loan Trade Settlement Specialist I
role at
Truist .
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you will be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.
Regular or Temporary: Regular. Language Fluency: English (Required). Work Shift: 1st shift (United States of America).
Position location is open to office locations within Truist’s footprint. If located in a Truist hub city location, the work style will be: In Office (5 days/week).
Provides operational support to various trading desks by processing trade settlements for primary, secondary, and third‑party loan trades. Works with internal and external clients (such as counterparties, agents, vendors, loan trading desks and legal) to coordinate trade closings.
Essential Duties And Responsibilities
Manage life cycle of loan trades from initiation to settlement. Review legal documentation: trade confirmations, assignment agreements, participation agreements and funding memos.
Coordinate and communicate effectively with trading desks, counterparties, agents, borrowers, and other agency services teammates to close trades and resolve trade settlement issues.
Understand and adhere to the LSTA guidelines for loan settlements. Draft manual trade documents, including funding memos as needed.
Identify and flag potential risks, communicating proactively and effectively with all parties to the trade, both internal and externally.
Multitask and prioritize responsibilities to complete accurate and timely settlement of trades, including reconciliation and governance of trade fails and breaks.
Perform checks and balances with ClearPar and Loan IQ to ensure proper recording of position transfers and funding.
Work within the team and across the firm to resolve issues and meet deadlines, specifically with Loan Sales/Trading, Accounting, Agency Services and other internal lines of business on issues regarding P&L and positions reconcilement.
Work closely with the loan onboarding team to ensure that all parties are properly KYC’d and that the Loan IQ system is properly updated with counterparty/lender information.
Work closely with the syndicate desk for new deals or amendments to ensure that all information is received timely and to create the build within ClearPar.
Qualifications Required Qualifications
Bachelor’s Degree or equivalent work experience
Knowledge of syndicated loan market: par and distressed loan documentation
Ability to read and interpret credit agreements as it pertains to loan settlements
Detail‑oriented person with the ability to multitask and work in a fast‑paced environment
Excellent verbal and written communication skills
Excellent time‑management skills
Preferred Qualifications
Working knowledge of Loan IQ and ClearPar systems; ability to book trades in ClearPar and Loan IQ.
1+ year(s) of trade closing, trading desk experience or relevant syndicated loan experience
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax‑preferred savings accounts, and a 401(k) plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full‑time or part‑time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non‑temporary position for which you apply, based on full‑time or part‑time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law E‑Verify IER Right to Work
Referrals increase your chances of interviewing at Truist by 2×.
#J-18808-Ljbffr