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- Tasks: Manage client portfolios and coordinate trade settlements in a dynamic environment.
- Company: Join a leading financial services firm in Salford, UK, focused on loan trading.
- Benefits: Enjoy a flexible work schedule with 2 days onsite and competitive contract terms.
- Why this job: Gain hands-on experience in finance while working with diverse clients and enhancing your skills.
- Qualifications: A BA/BS or equivalent experience is required; knowledge of loans and trade documentation is a plus.
- Other info: This is a 10-month contract role with opportunities for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Job Title: Middle Office Associate
Location: Salford, UK (2 Times a week onsite in a week – Tues/Thurs)
Duration: 10 Months Contract
Job Description:
Education and experience
- BA or BS or equal work experience
- Commercial awareness
- Knowledge of par and distressed loans and the documentation
- Knowledge of trade fee calculations
- Ability to read and interpret credit agreements
- Experience with daily loan transactions
- Exposure to ClearPar/TSI/Markit WSO systems a plus
Duties & accountabilities
- Manage client portfolio(s)/Agency trades in our loan Trade Settlement outsourcing services
- Communicate proactively and effectively with clients
- Coordinate with trade counterparties to receive and review par and distressed trade documentation
- Coordination with legal counsel and follow up, when needed, for distressed trades and participations
- Coordinate trade closings among clients, counterparties, and agents
- Review trade documentation, includes trade confirms, assignment agreements, and funding memos for discrepancies prior to settlement including using third party systems
- Follow up on outstanding trades and keep current comments updated
- Deliver closing packets to custodians and clients before stated deadlines
- Report client metrics and trends on a monthly basis
Middle Office Associate employer: LanceSoft UK
Contact Detail:
LanceSoft UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Middle Office Associate
✨Tip Number 1
Familiarize yourself with the specific systems mentioned in the job description, like ClearPar, TSI, and Markit WSO. Having a solid understanding of these platforms can set you apart from other candidates.
✨Tip Number 2
Brush up on your knowledge of par and distressed loans, as well as trade fee calculations. Being able to discuss these topics confidently during an interview will demonstrate your commercial awareness and expertise.
✨Tip Number 3
Prepare examples from your past experiences where you've successfully managed client portfolios or coordinated trade documentation. This will help you illustrate your relevant skills and show how you can add value to our team.
✨Tip Number 4
Practice your communication skills, as effective communication with clients and counterparties is crucial for this role. Consider role-playing scenarios to enhance your ability to convey information clearly and proactively.
We think you need these skills to ace Middle Office Associate
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of a Middle Office Associate. Familiarize yourself with loan trade settlements, documentation, and client communication to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasize any experience you have with par and distressed loans, trade fee calculations, and systems like ClearPar or Markit WSO. Use specific examples to demonstrate your knowledge.
Show Commercial Awareness: Demonstrate your commercial awareness in your application. Discuss how your understanding of the financial market and loan transactions can benefit the company and its clients.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at LanceSoft UK
✨Show Your Commercial Awareness
Make sure to demonstrate your understanding of the financial market and how it relates to the role. Discuss any relevant experiences you have with par and distressed loans, as well as your familiarity with trade fee calculations.
✨Familiarize Yourself with Relevant Systems
If you have experience with ClearPar, TSI, or Markit WSO systems, be ready to talk about it. If not, do some research on these platforms and express your willingness to learn. This shows initiative and readiness for the role.
✨Prepare for Documentation Review Questions
Expect questions about reviewing trade documentation. Be prepared to discuss how you would identify discrepancies in trade confirms, assignment agreements, and funding memos. Use examples from past experiences to illustrate your process.
✨Highlight Your Communication Skills
Since the role involves proactive communication with clients and coordination with various parties, emphasize your communication skills. Share examples of how you've effectively managed client relationships or coordinated with teams in previous roles.
