At a Glance
- Tasks: Monitor trading systems, confirm trades, and liaise with various teams for loan transactions.
- Company: Join Deloitte Operations and work with a top-tier investment banking client.
- Benefits: Competitive pay, professional growth, and a dynamic work environment.
- Other info: Immediate start with opportunities for career advancement.
- Why this job: Be part of a crucial team in the exciting world of distressed loans.
- Qualifications: 2+ years in distressed loans or investment banking; experience with LMA and LSTA preferred.
The predicted salary is between 50000 - 70000 £ per year.
This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premiere Tier 1 Investment Banking clients. The Credit Loans Middle Office Team supports various business teams with the origination, syndication, and secondary market trading of performing and non-performing loans. While loans are the primary product supported, the business continues to expand into other areas such as structured products and private equities.
Credit Loans Middle Office works in partnership with various business teams to ensure efficient pre-trade due diligence, execution and settlement (the ‘closing’ role) of both primary and secondary loans. The team is responsible for helping to maintain the integrity and accuracy of the risk positions taken by the firm and resolving any trade settlement issues that may arise.
Key Accountabilities:- Monitoring trading systems for new trades and confirming trades with outside clients.
- Drafting, reviewing & negotiating transfer documents (including trade confirms & transfer certificates).
- Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure necessary approvals are obtained, pricing/cashflows are agreed, reconciled and settled within our system.
- 2+ years’ experience working with distressed loans, distressed debt, non-performing loans (NPLs), leveraged loans, or special situations within an investment banking environment. Candidates with 5–8+ years’ experience are also encouraged to apply.
- Experience of Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA).
- Hands-on experience using ClearPar for loan trade settlement, workflow management, documentation processing, and coordination of primary and secondary loan transactions.
- Demonstrable experience across loan closing, loan servicing or loan agency supporting primary and secondary loan markets.
- Must have Middle office operations experience.
- Strong understanding of the loan lifecycle, including trade capture, settlement, funding, lifecycle events, amendments, restructurings and reconciliations.
- Experience interpreting and navigating Loan Credit Agreements, transfer documentation and trade confirmations.
- Experience drafting, reviewing and negotiating transfer documentation, including trade confirms and transfer certificates.
- Strong understanding of settlement processes for performing and non-performing loans.
- Professional approach and ability to communicate well directly with external parties such as borrowers, lenders and other agents.
Distressed Loans Closing Operations Specialist - Middle Office employer: Deloitte - Recruitment
Deloitte Operations offers a dynamic and supportive work environment for the Distressed Loans Closing Operations Specialist role, located in the heart of London. Employees benefit from a collaborative culture that prioritises professional growth, with access to extensive training and development opportunities within the investment banking sector. The company's commitment to innovation and excellence ensures that team members are engaged in meaningful work while enjoying the unique advantages of working in one of the world's leading financial hubs.
StudySmarter Expert Advice🤫
We think this is how you could land Distressed Loans Closing Operations Specialist - Middle Office
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
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We think you need these skills to ace Distressed Loans Closing Operations Specialist - Middle Office
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
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Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Deloitte - Recruitment. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Deloitte - Recruitment confidence in your short-term commitment to the role.
How to prepare for a job interview at Deloitte - Recruitment
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Deloitte - Recruitment.
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For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Deloitte - Recruitment that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
