Job Summary
Strategy
• Closing of PAR APLMA, LMA and LSTA loan trades
• Manage work flows via Clearpar/Markit/Loan IQ
• Improve Secondary Loan Closing Processes
• Drafting of Loan Trade settlement documentation – Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not settling via Clearpar.
• Review of underlying credit documentation to ensure accurate assignment of debt
• Liaise with our business partners, counterparties and their legal counsel in a professional manner and take the lead role where required.
• Be competent in all aspects of settlement and be aware of the nuances of transferring inventory under various governing laws.
• Monitoring/tracking/reporting of all trades using appropriate workflow tools
• Identifying and escalating issues to traders, in house legal and compliance teams as well as management
Business
• Support the Financial Market Secondary Loan Trading
Key Responsibilities
Processes
• Experiences with Par Closing across APLMA, LMA and LSTA markets, terms and conditions
• Good working knowledge of LoanIQ
• Fully competent of closing trades using the ClearPar trade settlement platform
• Good understand of the market and requirements across jurisdictions to settle trades.
• A good working knowledge of Legal & Tax standards/practices that are common place in the Market, such as the understanding of (i) Novation vs Assignment (ii) WHT (iii) Transfer.
• To ensure policy and procedures are followed and issues arose are reported and escalated.
• To provide accurate and timely information for individual account assigned.
Risk Management
• Proactive in seeking regular assurance that the FM Loan Operations is performing to an acceptable risk and control standard as per the defined Enterprise Risk Management Framework.
• Maintain strong lines of communication within the FMO teams through an effective communication process.
• Act quickly when any risk and control weakness become apparent and escalate to function head at the first time
Regulatory & Business Conduct
• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Skills and Experience
Key stakeholders
Internal
• FM Trading and Sales
• Product Control
• FMO
• Finance
• Technology/System Support
• Global Lending Services
External
• Clients
• Banks
• Legal Counsels
• Other professionals
• Auditor
Our Ideal Candidate
- 5+ years of experience in Loan Servicing, Loan Agency & Loan Closures in the Financial Markets
- End to end experience in Trade/ Loan Life cycle
- Good working knowledge of LoanIQ & ACBS (Advanced Commercial Banking System)
- Expertise in closing trades using the ClearPar trade settlement platform
- Good understand of the market and requirements across jurisdictions to settle trades
- A good working knowledge of Legal & Tax standards/practices that are common place in the Market, such as the understanding of (i) Novation vs Assignment (ii) WHT (iii) Transfer
- Monitoring/tracking/reporting of all trades using appropriate workflow tools
- Identifying and escalating issues to traders, in house legal and compliance teams as well as management
Role Specific Technical Competencies
- Loan Servicing
- Loan Closing
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Recruitment Assessments
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
