Trade & Processing Specialist

Your role

The Trade Closer is responsible for timely closing of Primary, Syndicated, PAR, Distressed and Claims trades and for sustained focus on clients and risk. Closing practices should meet documentation standards (LSTA & LMA). The Trade Closer is also required to work with the desk, counterparties, legal and agents to achieve timely settlement and to ensure that all functions and controls are completed on a daily basis.
Trade settlement team settles complex transactions, Corporate Actions, & handles Global Markets Desk inquiries. Duties also include running weekly management reports to the Businesses, reconciliation of settlement breaks, vendor management, and daily interaction with clients as well as internal / external stakeholders.

We're looking for a Par/Distressed Syndicated Loan Closer to:

• Support the Primary and Loan Trading desk operationally settling Primary, Distressed, Par, and Private equity trades.
• Work with the Trading desk and legal on booking and settling complex restructures.
• Undertake preparatory work, transaction processing, control, and reconciliations tasks.
• Work across teams and functions to get the best solution or course of action.
• Interface with internal and external clients to provide operational and administrative support as needed.
• Supervisory oversight of junior team members as well as vendor management.

Join us

At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?

Disclaimer / Policy Statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

Your team

You will be working in the Global Loan Services operations team supporting syndicated loan trade closing in the Investment Bank for our Global Banking and Global Markets businesses. We are responsible for the Primary and Secondary Loan Settlements process for syndicated corporate loans The Trade Closing team settles complex transactions, Corporate Actions, & handles Global Markets Desk inquiries. Duties also include running weekly management reports to the Businesses, reconciliation of settlement breaks, vendor management, and daily interaction with clients as well as internal / external stakeholders. You will also be a part of the Regulatory quality assurance team.

Your expertise

• Experience closing PAR and Syndicated corporate loans.
• Experience with Distressed Settlement / Trade Claims / Bankruptcy Distributions
• Experience working with booking and settling amendments and restructures.
• Experience negotiating and executing participation agreement.
• Trade Affirmation, Allocation and Confirmation
• Delayed Compensation & Cost of Carry
• Funding Memos / Purchase Pricing Letters / Payout Letters
• Bachelors / Master's degree or equivalent.

About us

UBS is the world's largest and only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.

With more than 70,000 employees, we have a presence in all major financial centers in more than 50 countries. Do you want to be one of us?