Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now

About the Role

Guggenheim Investments is seeking a Senior Associate to join the Loan Services team. This individual will report to the Director of Loan Services and assist trade operations and funding teams. The role requires close interaction with various parties across the firm and presents opportunities to utilize interpretation and problem-solving skills. The ideal candidate will possess a deep understanding of bank debt and fixed income securities. This position is located in the New York Office.

Responsibilities

Process bank loan-related transactions in portfolio management and related systems including transfers, CLO & middle market closings, crosses, CTP and terminations
Process non-loan bookings in Wall Street Office
Book all trade amendments and reallocations for Bank Loan trades
Perform daily confirmation of Bank Loan trades in Aladdin allowing for flow via interface
Reconcile trades between BRS and WSO, comparing loan trade details against systems for booking accuracy and bond, repo, and FX trade details for CLO and Private Funds
Monitor and resolve trade-related cash/position breaks on dashboard
Act as the operations contact with various third parties including custodian banks, trustees, fund administrators, and administrative agent banks to answer or direct various inquiries
Assist with requests related to fund audits and various business initiatives
Communicate non-CIDD bank loan trade & ABS term loan settlements to custodian banks, ensuring timely funding & accurate reflection in systems
Work closely with internal and external parties on borrowing requests, processing in BRS and ensuring timely funding
Input wires into portals for specific fundings
Provide fund admins with settlement packages and additional documentation & information such as Credit agreements
Track loan amendments and process restructures in systems, communicating to both internal and external stakeholders
Update and reconcile prices between systems, backfilling missing marks, and mapping revolver and delayed draws in WSO for accurate reporting
Assist in the development and documentation of procedures and controls to increase the efficiency and productivity of the department
Populate/refresh trades in BRS for analytics data
Compile trading metrics for circulation to business and upper management
Ensure all trades are booked, allocated, reviewed for accuracy, executed and checked off for closing in ClearPar in a timely manner
Review and understand LSTA standard documents and other legal documents including Trade Confirms, Assignment Agreements, Proceeds letters, Participation agreements, Cash collateral agreements and Multilateral Agreements and Credit Agreements, specifically assign-ability language
Provide KYC packages and field any questions for any new accounts or as requested by counterparties
Maintain close interaction with various parties such as agent banks, counterparties, PMs, traders, analysts, legal and compliance to ensure timely settlement occurs
Maintain accuracy of trade details through ClearPar and WSO to ensure any issues are resolved prior to settlement
Identify and escalate issues to the front office, bank loan trading assistants/traders, in-house legal counsel and management, when necessary and track and report these issues through appropriate workflow tools
Manage loan amendment workflow, to include tracking, submission and ensure votes are executed in a timely and accurate manner
Manage heavy trade portfolio for assigned client base, while maintaining a clean aging profile, with the goal of settlement within the LSTA standard for settlement time
Manage liquidity for various accounts through correspondence with the PMs
Notify PMs as cash needs arise
Notify the FX desk at least 2 days prior to FX trades to ensure funds are available for settlement
Follow up with custodians to ensure all trades are funded
Ensure all trade fees are booked into WSO and tied to ClearPar invoices
Draft manual documents (trade confirms, assignment agreement & funding memos for any trades not booked on ClearPar)
Facilitate funding for direct trades by working alongside the legal/origination team
Create, understand and present metrics reporting for trading, portfolio management and operations
Prepare monthly/weekly reporting to senior management for open trades and trading metrics
Process large-scale loan assignments related to special projects including CLO warehousing and closing, cross-trades and client-directed transfers

Requirements

Undergraduate degree with 4+ years of relevant work experience in investment management or financial services environment
Proficient in the use of Microsoft Office Suite, specifically Excel
Must be able to multi-task in a fast paced and challenging environment
Bachelor’s degree with 4-6 years of relevant work experience
At least 2-4 years of bank loan related experience is required
Knowledge of Wall Street Office and Bloomberg a plus
Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
Excellent written and verbal communication skills with an ability to collaborate with internal teams and external clients and service providers
Candidates must be authorized to work in the US without current or future visa sponsorship or transfer.

Skills

Bank debt
Fixed income securities
Microsoft Office Suite
Excel
Wall Street Office
Bloomberg
Problem-solving
Written communication
Verbal communication
Collaboration

Location

New York Office

Work Type

Full-time

Experience Level

Senior Associate
4+ years of relevant work experience
4-6 years of relevant work experience
2-4 years of bank loan related experience

Education Level

Undergraduate degree
Bachelor’s degree

Salary/Compensations

Annual base salary between $110,000.00-$125,000.00

About the Company

We focus relentlessly on delivering results through innovative solutions.
We relish opportunities to solve complex problems through exhaustive approaches.
Every member of Guggenheim is expected to uphold our uncompromising standards for integrity and excellence and to be personally accountable for their actions and business results.
Our principles entail engaging highly talented people, challenging them to think creatively, and encouraging them to achieve extraordinarily high standards in their fields of expertise.
To succeed at Guggenheim, candidates should be a strong fit with our business principles, culture, and value system.
We offer compelling opportunities for self-starters who take great pride in the quality of their work and seek to exceed expectations.
We are looking for people who take ownership, adhere to the highest standards, and think creatively to realize opportunities.
Learn more at GuggenheimInvestments.com, and follow us on LinkedIn.

Equal Opportunity

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.