Bank Of America Senior Loan Operations Team Lead 

United Kingdom, England, City of Westminster 

78769877

Role Description:

Dynamic and fast-paced team where individuals and their ideas matter, exciting variation of daily tasks and responsibilities, extensive internal training, learning opportunities and guidance on the new role and career prospects offered by the firm.

Responsibilities:

• Responsible for the monitoring of a large secondary loan traded population utilising both LMA, LSTA and bespoke documentation. The loan portfolio consists of Performing, non performing assets including claim positions, Bilaterals and sub-participations.
• Responsible for the agreement & payment of interest & repayments to the desks clients as sub participants as well as Lender of Record positions. Including the reconciliation of liquidated positions and court disbursements.
• Work closely with the Corporate Actions team on Loan restructurings that impact desk and client positions. Reviewing and understanding the amended documents to be able to apply the necessary changes in the SOR
• Liaise with other internal and external teams: Traders, Analysts, Loan Closing, Legal, Conflicts, Compliance and Tax, on complex, bespoke transactions
• Offer support to offshore partners on any issues and help to resolve breaks
• Support new transactions and ad-hoc requests from the Loan Trading and Origination desks
• Reviewing Loan documentation and working with Desk members to ensure all required documents are in place for settlement of Origination deals
• Responsible for the settlement of transactions in the Loans system of record ACBS, ensuring transfer fees, delayed comp and break funding are correctly recorded
• Work closely with operations subject matter experts globally to understand current state processes and coordinate effort to implement change

What we are looking for:

• Loan administration and Loan settlement knowledge
• Good level understanding of the secondary loan trading market beneficial
• Experience of working within back office systems
• Loan Market Association (LMA) guidelines familiarity
• Customer service excellence
• Team player conscious of the contribution they bring to the whole team
• The candidate would need to have prompt and detailed escalation practices instilled in them
• Good attention to detail and problem solving skills
• Self-motivated and willing to assume extended responsibility.

Skills that will help:

• Excellent prioritisation and organisational skills.
• Excellent verbal and written communication skills
• Competent user of Microsoft Office – including Word and Excel.

UK

• 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.