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Loans Middle Office Analyst

  • Location: London
  • Sector: Operations
  • Salary: £40000 - £48000 per annum
  • Job type: Permanent
  • Date posted: 15/08/2017
  • Job reference: 26953
This vacancy has now expired.

A new opportunity has become available at an International Bank for a Middle Office Analyst.

Duties to include:

  • Ensure that a high level of interaction and communication is maintained with the Front Office to ensure full knowledge of developments in the agency and non-agency business including pipeline trades
  • Review and comment on 'draft' documentation for new transactions to check for operational fit with the middle office requirements, highlighting any areas for further discussion with and/or review by the Front Office as necessary
  • Liaise with client liaison and relationship managers on the opening of accounts
  • Ensure the necessary credit approvals are in place
  • Check or obtain confirmation that conditions precedents have been met and advise lenders where applicable
  • Confirm/agree treatment of fees in conjunction with the current fee policy issues by finance and prepare a fee sheet when applicable
  • Obtain all original documentation or liaise for safekeeping with relevant law firm, create the files for the deals and ensure that executed copies of all the appropriate documentation are provided
  • Book and maintain trades
  • Manage relations with the borrower and the bank pool
  • Monitor the syndication process for updating as and when needed and be aware of potential over holds
  • Monitor and report outstanding covenants, monitor the upkeep of securities and the sign-off of technical and financial milestones
  • Manage cash flows for the portfolio including managing drawdowns and repayments
  • Give the front office the necessary information for them to take all necessary actions to reply in due time to the agent
  • Maintain the diary systems to ensure all actions on the portfolio are monitored
  • Provide information on the portfolio to the front office
  • Review Basle II on a monthly basis
  • Prepare audit responses

The candidate will have:

  • In-depth experience in providing middle office support to a Front office team in the area of Structured Commodity finance or other relevant Front Office department
  • In depth experience of reviewing loan agreements and documentation from an operational perspective
  • Experienced in the management and coordination of Agency deals
  • Impeccable attention to detail and accuracy skills
  • Technical financial knowledge and skills

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