Loan Closer - 18 Month FTC

Job Description

At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clientsand identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision were looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliverresults and keep it simple. We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role. The Role: You will oversee a portfolio of syndicated loan facility positions overseeing all aspects of closing of primary and secondary loan trades, monitoring and responding to corporate action events, responding to incoming and outgoing KYC requests, and any ad hocqueries that may arise. You will be accountable for ensuring that all settlements/closing, corporate actions, KYC, internal and external queries are undertaken and responded to in a timely and accurate manner. Key Role/Responsibilities & Deliverables Include: The key responsibilities of the role are to undertake the processes associated with both syndicated bank loans and private asset closing support, ensuring timely and accurate settlement. The individual will be responsible for:

• Liaison with trade counterparties, agent banks, legal counsel, and Trustees where required to ensure smooth settlement
• Use Clearpar to review /effect trade settlement
• Ensuring the timely Settlement of all syndicated bank loans and assistance with regards to private asset closing.
• Review of Credit Documentation in relation to transferability of traded assets
• Oversight of Loan Debt/Equity Corporate Actions
• To be proactive and alert in identifying, resolving and escalating problems or delays during trade settlement process
• To support Fund Managers, Credit Analysts and Traders with any loan related or counterparty queries when required
• Liaising with internal Compliance, Risk and MLRO to ensure KYC processes are managed effectively
• Effectively interpret Loan Documentation, correctly implement procedures and ensure relevant clauses are adhered to with a large and varied Loan Portfolio
• Ensure that sufficient controls and procedures are in place and are regularly updated to keep risk at a minimum
• Updating procedures where necessary to ensure maximum efficiency and low risk
• To monitor any additions and amendments to LMA and LSTA documentation and relay to both the LC&D team and Front Office as required.
• To work with Management and operating teams with regards to scalability and automation.
• To ensure that all procedures are up to date and assist with ensuring an effective control framework is in place
• To ensure that all KYC requests from Front Office are dealt with in a timely and accurate manner.
• To monitor and ensure that all private corporate actions are responded to within the designated deadlines.

People Responsibilities Include:

• Subject Matter expert offering guidance and motivation to the team
• Organise team workloads
• Represent views of the team
• Working collaboratively within the wider team and peers and to promote team values and behaviours

Desirable knowledge / skills:

• Good knowledge of Loan market processes such as Par and Distressed Primary/Secondary Loan Debt Closing

• Understanding and knowledge of LMA/LSTA Terms and Conditions including LMA/LSTA trade documentation

Key Controls Are:

• RAG/CSSC Risk Control Framework
• Detailed procedures & checklists implemented and monitored daily, weekly, monthly and quarterly

Key Knowledge and Experience:

• Good working knowledge of WSO and ClearPar (preferable)
• Strong attention to detail and ability keep track of workload
• Good organisational skills with the ability to cope with rapidly changing priorities throughout the day
• Ability to work well under pressure and meet strict deadlines

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity,age, sexual orientation, nationality or disability we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.