Bank Loan Settlement Analyst | PGIM Public and Private Fixed Income

-office on a hybrid basis. In your new position you will be supporting the Fixed Income Bank Loan and CLO business. To flourish in your new role you will have a solid understand of the bank loan settlements process and experience of LMA documentation. As a leading CLO Manager, you will also have an understanding of this product and be technically competent. They will have at least 3 to 5 years bank loan experience. Knowledge of other Fixed Income products will also be advantageous.

What you can expect

Bank Loan Trading and Settlement

• Support all European bank loan settlement activities which include review and completion of LMA documentation for Primary and Secondary trades as well as updating ClearPar.

• Review of legal due diligence to ensure correct representations are used on Transfer Certificates.

• Manage all KYC requirements relating to their respective trades.

• Ensure appropriate tax documentation has been provided to Agent Banks.

• Update WSO/Aladdin system upon settlement of trades.

• Daily liaison with agent banks, traders, compliance, legal counsel to address and resolve problems with underlying assets, closing requirements and subsequent ad hoc queries to ensure timely settlement.

• Building relationships with counterparts to encourage prompt settlement of trades.

• Coordinating Waivers and Amendments with Credit Research Team and Agent Banks.

Relationship Management

• Ensures priorities are aligned with business goals and escalates potential gaps within other support groups.

• Partner with peers in other organisations and with trade/industry associates to ensure best practices

• Primary interface for local custodial and broker relationship management pertaining to Bank Loan settlement practices

CLO support

• Tracking accruals during CLO Warehouse period to ensure correct funds are paid out at through the waterfall at close.

• Payment of invoices allocating pro-rata shares across related portfolios.

• Proactively seek ways to improve current processes by identifying inefficiencies and leveraging technology.

• Cross train with other operations associates to provide appropriate back-up coverage.

• General administrational duties where required.

What you will bring

• Excellent attention to detail, accuracy and completeness

• Strong critical thinking and logic skills

• Embraces and encourages change and development

• Maintains high level of productivity and self-direction

• Enjoys being a part of a team but is able to work independently

• Proactive in solution solving

• Preferably educated to degree level

• Previous experience with Clearpar

• A thorough understanding of all aspects of Bank Loan Settlement process and LMA Documentation Bank Loans

What will set you apart?

• Strong communication skills to deal with both internal and external clients, including front office trading staff

• Self-motivation and an ability to work within a team environment

• The ability to develop and cultivate relationships across all staff levels, both within the London office and within the Newark, USA head office

• A willingness and desire to learn and teach others

• Wall Street Office (WSO)

• Other Fixed Income products

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

• Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees.

• Annual Leave of 25 to 28 days, based on years of service, at full pay.

• Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer-matching contribution of 5% of basic annual salary.

• Life Assurance & Income Protection: Life Assurance for 8 times your basic annual salary, up to a max benefit of £1.8million. 60% of your basic annual salary for a limited payment terms of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable.

To find out more about our Total Reward package, visit https://youtu.be/acuhcv46Nz0

About PGIM Public and Private Fixed Income

PGIM Public and Private Fixed Income is a global asset manager offering active solutions across all fixed income markets.

Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow.
For more information, please visit PGIM Public and Private Fixed Income

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit https://www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.