Description

Job Reference #
331519BR

Business Divisions
Investment Bank

Your role
UBS is currently seeking an experienced loan trade closer in the Trade Execution team within the broader Global Loan Servicing (GLS) Operations team. The Loan Closer is responsible for the timely and accurate closing of Secondary Par, Primary, & Third Party loan trades. The Trade Closer works closely with our outsourced vendor S&P, Business/Trading desk, trade counterparties, and Agents to ensure the timely and accurate settlement of our loan trades. The Loan Closer also works with internal teams including Onboarding, Finance, Payments, and Tax to remediate issues delaying settlements and break resolution.

Required Experience:
-Familiar with LSTA / LMA standard documents and concepts including trade confirms, assignment agreements, funding memos, participation agreements, multilateral agreements, claims, proceeds letters, payout letters
-Ensure trade economics and delayed comp, cost of carry, and fees are correct
-Knowledge of Distressed Settlement / Trade Claims / Bankruptcy Distributions
-Work closely with S&P / Clearpar Closers on trade settlement, ensuring trade activity and settlements are processed accurately and timely
-Daily reconciliation and management of cash, position, intersystem, trade and ledger breaks
-Partner with internal stakeholders including Traders, Sales, Bankers, Finance and various operational teams including Tax, Onboarding, & Payments to settle loan trades
-Familiar with amendments processing including cashless rolls, Extensions, Waivers, Consents
-Assist with KYC & Tax with any issues and escalations
-Coordinating LC issuer consent
-Familiar with BWIC, OWIC, BISO agreements and processing
-Familiar with sub-participation documentation and processing
-Identify and escalate issues and pro-actively look for ways to improve processes and controls
-Perform ad-hoc projects and support team members

Detailed salary information:
• New York: the salary range for this role is $108000 to $133000
The expected salary range(s) for this role as of the date of this posting is/are based on factors including, but not limited to, experience, qualifications, education, location and skill level. This role may also be eligible for discretionary incentive compensation. For benefits information, please visit ubs.com/usbenefits.

Title
Trade & Processing Specialist

City
New York

Job Type
Full Time

Country / State
United States - New York

Function Category
Operations

Join us
At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We're dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That's why collaboration is at the heart of everything we do. Because together, we're more than ourselves.
We're committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Disclaimer / Policy statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

Your team
In Group Operations we are the experts in how the firm operates. Our vision is to always enhance the client experience now and for the future. To succeed our people:
-Drive the organization forward by working with purpose and passion.
-Know what our Stakeholders want and need.
-Support digital transformation

Your expertise
-Bachelor's degree
-ideally 5+ years experience closing loan trades
-Leadership and supervisory experience
-Knowledge of the corporate loan product, trading operations, and syndicated loans
-Experience with LSTA/LMA standard documentation and strong knowledge of the LSTA/LMA standard terms and conditions

Other Skills and Education:
-Takes initiative to resolve issues & deep dives into root cause to prevent further problems
-Naturally inquisitive and self-motivated to learn new functions and processes
-Effective communication and comfortable dealing with all levels of the firm and external clients; both oral and written
-Able to think creatively and logically to solve problems
-Detail oriented and able to multi-task in a fast-paced environment
-Interested in digitalization and have an affinity with technology

*LI-UBS

About us
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.
We know that great work is never done alone. That's why we place collaboration at the heart of everything we do. Because together, we're more than ourselves. Want to find out more? Visit ubs.com/careers.

Your Career Comeback
We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.

Salary information
US Only: The expected salary range for this role is $108000 to $133000 based on factors including, but not limited to, experience, qualifications, education, location and skill level. Please see «Your role» section for detailed salary information.



Requisition #: 331519BR

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