Bank Of America Loan Operations Specialist / Senior Closer 

United Kingdom, England, City of Westminster 

597231065

Responsibilities:

• Ability to self-manage a portfolio of cross desk trades across different product lines.
• Responsible for preparing, negotiating and agreeing loan trade documentation with the trading desk, Legal and clients. Typically this will be on LMA & LSTA trading terms and conditions.
• Comprehensive and extensive review of documentation to ensure compliance with transfer, tax, legal eligibility criteria.
• Managing par and distressed asset inventory and coordinating trade settlement with external counterparties.
• Extensive client interaction (both internal and external), managing expectations for trade settlement.
• Responsible for ensuring transactions are completed within a timely manner.
• Involvement with departmental project work, including system platform enhancements and process review.
• Manage, annotate, report and escalate all exceptions to senior management, line of business and business supervisory.
• Work closely with other internal and external teams: Loan Servicing, Loan Settlements, Loan Corporate Actions, Legal, Compliance, Tax and Agent Banks

What we are looking for:

• A good level of understanding of the secondary loan trading market and the forms of documentation used including Loan Market Association guidelines familiarity.
• Excellent verbal and written communication skills with good attention to detail.
• Client facing experience and ability to conduct discussions with clients in a confident manner.
• Risk focussed and able to identify issues and escalate to management.
• Work well in a team environment and maintain focus to achieve the goals of the team and the business.
• Ability to interact positively and effectively with all levels of management and associates.
• Excellent prioritisation and organisational skills.
• Ability to work under pressure and to tight deadlines.
• Self-motivated and willing to take on extended responsibility.

Skills that will help:

• Strong Microsoft Office Skills: Excel, Word, Outlook
• Experience with ClearPar
• Legal background or handling of legal documents.
• Second language.

Benefits of working at Bank of America

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.