Job Description

VP - Bank Loan Quality Control Associate

Join to apply for the VP - Bank Loan Quality Control Associate role at WhiteCap Search

Base pay range

$150,000.00/yr - $180,000.00/yr

Our client is seeking an experienced Vice President, Bank Loans professional to join the Loan Quality Control team in New York. This role offers the opportunity to serve as a go-to expert in all aspects of bank loans while collaborating closely with a wide range of internal partners; as well as external stakeholders such as broker-dealers, outsourced vendors, service providers, and custodians/trustees. This is a hybrid position!

Responsibilities

• Oversee outsourced operations functions including bank loan trade settlements, cash reconciliation, and CLO cash management; drive settlement priority for liquidity and ramp-ups.
• Perform daily quality control checks on outsourced processes.
• Execute retained operations functions such as fund setup in ClearPar, SSI setup in ADFlow, and KYC pre-approvals with agent banks.
• Provide daily operational support to U.S. and U.K. Loan Trading Desks.
• Act as a point of escalation for custodians and trustees.
• Monitor and maintain daily and monthly trade metrics, including volumes, aged trades, and delayed compensation.
• Support projects and process improvements as needed.

Qualifications

• In-depth knowledge of LSTA/LMA bank loan settlement processes and the full bank loan life cycle (from trade allocation and settlement through loan activities, corporate actions, and restructurings).
• Bachelors degree (B.A. or B.S.) in Finance or a related field required.
• 6 years of experience in bank loan middle office/operations.
• Proficiency in Microsoft Excel, PowerPoint, and Power BI.
• Strong record of academic achievement, including a high GPA.

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisements posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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