At a Glance
- Tasks: Support loan operations by monitoring trades and liaising with various teams for smooth execution.
- Company: Join a leading financial firm in the heart of London.
- Benefits: Competitive pay, professional growth, and a dynamic work environment.
- Other info: Contract role with potential for extension and valuable industry exposure.
- Why this job: Be part of a crucial team that ensures the integrity of loan transactions.
- Qualifications: Experience in loan closing and strong understanding of the loan lifecycle required.
The predicted salary is between 63000 - 77000 £ per year.
We are currently supporting our client with Loans Closing Operations Specialist.
Contract duration: 6 months initially (with scope to extend)
Location: London. (Onsite, Monday–Friday, 08:30–18:30)
You will join the Credit Loans Middle Office Team, supporting various business teams with the origination, syndication, and secondary market trading of performing and non-performing loans. The team works in partnership with various business teams to ensure efficient pre-trade due diligence, execution and settlement of both primary and secondary loans. You will support with 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
Experience required:
- Experience working with Par loans
- Demonstrable experience across loan closing, loan servicing or loan agency supporting primary and secondary loan markets.
- Experience with ClearPar, Loan Market Association (LMA) and/or Loan Syndications and Trading Association (LSTA)
- 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.
Par Loans Closing Operations Specialist - Middle Office employer: Dianaduggan
As a Par Loans Closing Operations Specialist in the heart of London, you will be part of a dynamic team that values collaboration and innovation. Our company fosters a supportive work culture with ample opportunities for professional growth, ensuring that you can develop your skills while contributing to impactful projects in the financial sector. Enjoy the unique advantage of working onsite in a vibrant city, where you can engage with industry leaders and expand your network in the fast-paced world of loan operations.
StudySmarter Expert Advice🤫
We think this is how you could land Par 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.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Dianaduggan.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
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Keep your eyes peeled on job boards specifically for finance roles. Companies like Dianaduggan might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Par 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!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Dianaduggan will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Dianaduggan. 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 Dianaduggan confidence in your short-term commitment to the role.
How to prepare for a job interview at Dianaduggan
✨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 Dianaduggan.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
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 Dianaduggan 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.
