Middle Office Loan Trading Closer

2 weeks ago

Montréal, Canada BNP Paribas Full time

MIDDLE OFFICE LOAN TRADING CLOSER (JOB NUMBER: GRAD-060723-001-SOS)

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2023. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

**Graduate program**

As a graduate, you will benefit from an 18 month program that aims to give you the tools to develop yourself and discover your potential through customized trainings, networking sessions and transversal projects. This is a permanent role.

More information about the program available on our website:
BNP Paribas in Canada | Students & Young graduates

The position at a glance

The Middle Office Loan Trading team supports the settlement process of primary / secondary loan trades and loan TRS, including all funding and documentation matters and is responsible for providing daily operational support to the Sales and Loan Trading desk

**In detail**

Client Experience:

- Respond to counterparties inquiries accurately and in a timely manner.
- Booking and execution of Loans, including but not limited to the following:

- Design spreadsheets, pivot tables and macros to automate the workflow
- Work closely with the trading desk, clients, legal counsel and operations teams to settle primary, secondary and distressed loan trades for USA and UK desks. Distressed trades will require liaising with external legal counsel and extra vigilance during the life cycle of the trade
- Create trades and confirm the details of trades created in ClearPar match trader's browser in Star
- Prepare and review the LSTA/LMA standard documents including Trade Confirms, Assignment Agreements, Participation agreements, Multilateral Agreements, and Purchase Sales Agreements for Distressed Trades
- Coordinate among counterparts and administrative agents, the review and execution of all trade documents necessary for closing in a timely manner within the LSTA and LMA timeframes.
- Prepare and review pricing prior to settlement according to the LSTA and LMA definitions.
- Prepare closing package for BPSS
- Report status of unsettled trades and key risk indicators to management weekly
- Monitor and manage high volumes of loan closings, update status for each trade, perform reconciliations between Star and Sentry and Clearpar and Star. Escalate any potential delay with trade settlement.
- Investigate and resolve closing and transactional breaks/issues in a timely manner
- Monitor trader’s position between Star and Sentry
- Communicate and escalate any trade issues to management and the trading desk
- Read and interpret Credit Agreements, Amendments, and understand the terms and conditions for both LSTA and LMA
- Participate in weekly team meeting with supervisor in UK/New York
- Take part in different projects under the supervision of Manager
- Contribute directly to the Permanent Operational Control by identifying operational risks
- Preparing of Non Disclosure Agreements and distribution of confidential information if in UK group

**The strengths and skills that will help you succeed**

***Qualifications:

- Bachelor’s degree in Finance or related field
- Excellent customer service and communication skills in English
- Proactive approach to work
- Team player
- Ability to work well under pressure and ability to multitask
- Strong Excel skills
- Excellent organizational skills, attention to detail, concern for quality & accuracy

Preferred qualifications:

- Knowledge and experience in syndicated credit
- Excel VBA

**What’s in it for you**

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

**What you need to know**
- If you are selected to participate in the recruitment process, please inform Human Resources of any accommodations you may require. BNP Paribas will work with you to ensure that you are able to participate fully in the process;
- You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;
- Given the vast majority of our clients, both internal and external, is based outside of Quebec and Canada, our positions require employees to speak another language than French - being English fo

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