10 days old

EMEA Trade Closing VP

London, OH 43140
The Credit Trading Desk (PAR) in London are responsible for trading activity in Loans (Syndicated/Bi Lateral).

This is an area where timely/efficient and accurate settlement significantly impacts the reputation of the firm and the franchise of the desk. The closers will liaise with Counterparties, Agent banks, and various internal departments to ensure timely and professional settlement of trades.

The Closer will be involved in all aspects of pre-trade and post-trade queries. Furthermore, there is a requirement for the Closer to undertake settlement issues/problems. The jobholder would be expected to ascertain how best to resolve these by their interpretation of the documents, liaising with the counterparties, the desk, internal and external legal counsel and any other means at their disposal.

The expectation of the desk is that the closers support the business in all ways possible (within their remit) and provide solutions to settlements or highlight areas where we cannot move forward and articulate why.

**Key Responsibilities:**

+ Closing of PAR LMA and LSTA loan trades

+ Manage work flows via Clearpar/Markit

+ 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.

+ Have a good understanding of the Loan Market Association.

+ 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

+ Have a very good understanding of Public / Private boundaries.

+ Seek to improve operational procedures and controls within the group. Identify weakness, articulate these and offer up solutions.


+ A number years of Par Closing experience across LMA and LSTA markets

+ Fully competent of closing trades using the ClearPar trade settlement platform

+ Good understanding of the LMA Term and Conditions.

+ Understanding of common market practices.

+ 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 under French Law, Spanish Law, German Law.

+ Essential to understand Public/Private restrictions.

+ Some corporate actions exposure advantageous


+ Ability to multitask to complete all aspects of this role and to meet deadlines or required standards.

+ Demonstrable market risk, operational risk and control awareness.

+ Attention to details / high level of accuracy

+ Works well under pressure

+ Ability to make evaluative judgements based on analysis of facts and data


+ Professional, a courteous manner, hardworking and clear communication skills

+ Confident, enthusiastic and positive attitude.

+ Strong team player.

+ Ability to interface effectively with all areas and levels (internal and external).

+ Be able to debate your views and build a case based on facts (within the docs or industry standards).

+ Ability to manage own workflows

+ Attention to details / high level of accuracy

+ Control awareness

+ Market and industry awareness


**Job Family Group:**

Operations - Transaction Services


**Job Family:**

Transaction Capture Services


**Time Type:**

Full time


Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Posted: 2022-05-13 Expires: 2022-06-12

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

EMEA Trade Closing VP

London, OH 43140

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast