Loan Operations Specialist / Senior Loan Closer Apply now
Loan Operations Specialist / Senior Loan Closer

Loan Operations Specialist / Senior Loan Closer

London Full-Time 43200 - 72000 £ / year (est.)
Apply now
Bank of America

At a Glance

  • Tasks: Manage loan documentation and trade settlements while collaborating with various teams.
  • Company: Join Bank of America, a leader in financial services dedicated to making lives better.
  • Benefits: Enjoy private healthcare, flexible benefits, and opportunities for community volunteering.
  • Why this job: Make an impact in a diverse workplace that values growth and collaboration.
  • Qualifications: Strong understanding of loan trading, excellent communication skills, and attention to detail required.
  • Other info: Opportunity to work in a dynamic environment with a focus on personal and professional development.

The predicted salary is between 43200 - 72000 £ per year.

Job Description: Job Title: Loan Operations Specialist / Senior Loan Closer Corporate Title: Vice President Location: London Company Overview: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will provide you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Role Description: The EMEA Loan Documentation Team sits within Global Market Loan Operations and is based in London. The team primarily supports the Global Credit Business located in London and Hong Kong for all loans, claims and private equity trades that require documentation, taking responsibility for trade closing through to settlement. The Global Credit Business will typically trade loans on Par and Distressed documentation on both LMA and LSTA terms and conditions, as well as bespoke terms. As well as Global Credit the Loan Documentation Team also provides support to Leverage Finance Desk in the support and coordination of Primary sell downs. Responsibilities: Ability to self-manage a portfolio of cross desk trades across different product lines. Responsible for preparing, negotiating and agreeing loan trade documentation with the trading desk, Legal and clients. Typically this will be on LMA & LSTA trading terms and conditions. Comprehensive and extensive review of documentation to ensure compliance with transfer, tax, legal eligibility criteria. Managing par and distressed asset inventory and coordinating trade settlement with external counterparties. Extensive client interaction (both internal and external), managing expectations for trade settlement. Responsible for ensuring transactions are completed within a timely manner. Involvement with departmental project work, including system platform enhancements and process review. Manage, annotate, report and escalate all exceptions to senior management, line of business and business supervisory. Work closely with other internal and external teams: Loan Servicing, Loan Settlements, Loan Corporate Actions, Legal, Compliance, Tax and Agent Banks. What we are looking for: A good level of understanding of the secondary loan trading market and the forms of documentation used including Loan Market Association guidelines familiarity. Excellent verbal and written communication skills with good attention to detail. Client facing experience and ability to conduct discussions with clients in a confident manner. Risk focused and able to identify issues and escalate to management. Work well in a team environment and maintain focus to achieve the goals of the team and the business. Ability to interact positively and effectively with all levels of management and associates. Excellent prioritisation and organisational skills. Ability to work under pressure and to tight deadlines. Self-motivated and willing to take on extended responsibility. Skills that will help: Microsoft Office Skills: Excel, Word, Outlook. Experience with ClearPar. Legal background or handling of legal documents. Benefits of working at Bank of America: Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner. Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons. 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum. The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc. Use of a flex fund to use towards benefits. Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services. Ability to donate to charities of your choice directly through payroll and the bank will match your contribution. Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions. Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area. Bank of America: Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well. We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. #J-18808-Ljbffr

Loan Operations Specialist / Senior Loan Closer employer: Bank of America

At Bank of America, we pride ourselves on being an exceptional employer, particularly for the Loan Operations Specialist / Senior Loan Closer role in London. Our commitment to a diverse and inclusive workplace is matched by our competitive benefits, including private healthcare, flexible working options, and extensive employee growth opportunities. Join us to be part of a collaborative culture that values your contributions and empowers you to make a meaningful impact in the financial sector.
Bank of America

Contact Detail:

Bank of America Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Loan Operations Specialist / Senior Loan Closer

✨Tip Number 1

Familiarize yourself with the Loan Market Association (LMA) and Loan Syndications and Trading Association (LSTA) guidelines. Understanding these documents will not only help you in discussions but also demonstrate your expertise during interviews.

✨Tip Number 2

Network with professionals in the loan operations field, especially those who work at Bank of America or similar institutions. Engaging with them on platforms like LinkedIn can provide insights into the company culture and expectations.

✨Tip Number 3

Prepare to discuss your experience with managing cross desk trades and client interactions. Be ready to share specific examples that highlight your ability to handle pressure and tight deadlines effectively.

✨Tip Number 4

Showcase your proficiency in Microsoft Office, particularly Excel and Word, as these skills are essential for the role. Consider taking a quick online course to brush up on any areas where you feel less confident.

We think you need these skills to ace Loan Operations Specialist / Senior Loan Closer

Understanding of secondary loan trading market
Familiarity with Loan Market Association (LMA) guidelines
Excellent verbal and written communication skills
Attention to detail
Client-facing experience
Risk identification and escalation
Teamwork and collaboration
Prioritization and organizational skills
Ability to work under pressure and meet tight deadlines
Self-motivated with a willingness to take on extended responsibility
Proficiency in Microsoft Office Suite (Excel, Word, Outlook)
Experience with ClearPar
Legal background or experience handling legal documents

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Loan Operations Specialist / Senior Loan Closer position. Tailor your application to highlight relevant experience in loan documentation and secondary loan trading.

Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with loan trade documentation, client interactions, and any familiarity with LMA and LSTA guidelines. Use specific examples to demonstrate your skills and achievements in these areas.

Showcase Communication Skills: Since excellent verbal and written communication skills are crucial for this role, ensure that your application reflects your ability to communicate effectively. Consider including examples of how you've successfully managed client expectations or resolved issues.

Tailor Your Cover Letter: Craft a personalized cover letter that addresses why you want to work at Bank of America specifically. Mention their commitment to diversity and inclusion, and how your background aligns with their values and goals.

How to prepare for a job interview at Bank of America

✨Understand the Loan Trading Market

Make sure you have a solid grasp of the secondary loan trading market and the documentation involved, especially the Loan Market Association (LMA) and Loan Syndications and Trading Association (LSTA) guidelines. This knowledge will help you demonstrate your expertise during the interview.

✨Showcase Your Communication Skills

Since this role involves extensive client interaction, be prepared to showcase your excellent verbal and written communication skills. Practice discussing complex topics clearly and confidently, as this will be crucial in managing expectations for trade settlements.

✨Demonstrate Risk Awareness

Highlight your ability to identify potential risks and escalate issues to management. Prepare examples from your past experiences where you successfully managed risks or resolved issues, as this will show your proactive approach to risk management.

✨Emphasize Team Collaboration

This position requires working closely with various internal and external teams. Be ready to discuss your experience in team environments and how you maintain focus on achieving collective goals, as well as any specific examples of successful collaboration.

Loan Operations Specialist / Senior Loan Closer
Bank of America Apply now
Bank of America
  • Loan Operations Specialist / Senior Loan Closer

    London
    Full-Time
    43200 - 72000 £ / year (est.)
    Apply now

    Application deadline: 2027-01-06

  • Bank of America

    Bank of America

    1904

    Bank of America is one of the world’s leading financial institutions; we support 66 million customers in finance, from individuals, to businesses, governments and institutions. Here, you’ll discover a career with global and local impact. You’ll work in a collaborative team with responsibilities from day one, and plenty of opportunities to shape your career.

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