Position Summary
Guggenheim is seeking a Vice President to join the Loan Services closing team. The role requires close interaction with traders, client service support, custodian/trustee banks, fund administrators, legal counsel and credit analysts. It is a full‑time position located in the New York City office.
Key Responsibilities
- 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, Multilateral Agreements and Credit Agreements, specifically assign‑ability language.
- Provide KYC packages and address questions for new accounts or counterparty requests that may require guidance from Compliance or Tax teams.
- Maintain close interaction with agent banks, counterparties, PMs, traders, analysts, legal and compliance to ensure timely settlement of primary, secondary and distressed loan trades.
- Maintain accuracy of trade details through ClearPar and WSO, resolve issues before settlement, identify and escalates issues to the front office, bank loan trading assistants, in‑house legal counsel and management, and track/report these issues through workflow tools.
- Manage loan amendment workflow, including tracking, submission and ensuring timely and accurate voting.
- Handle a heavy trade portfolio for assigned clients while maintaining a clean aging profile and meeting LSTA settlement standards.
- Manage liquidity for various accounts via correspondence with PMs; notify PMs and the FX desk as needed to ensure funds are available for settlement.
- Follow up with custodians to ensure all trades are funded and that all trade fees are booked into WSO and tied to ClearPar invoices; submit invoices to custodians for payment and follow up regularly.
- Draft manual documents such as trade confirms, assignment agreements and funding memos for trades not booked on ClearPar.
- Collaborate with legal/origination teams to facilitate funding for closing; draft, review, sign and submit funding memos as required.
- Create, understand and present metrics reporting for trading, portfolio management and operations; prepare monthly/weekly reports for senior management on 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.
Basic Qualifications
- BA/BS in Business Administration or Finance (concentration preferred).
- Minimum of 5 years of hands‑on experience in CLO or leveraged loan operations within an investment management firm.
- Minimum of 7 years of experience in investment operations.
- Experience with ClearPar, WSO or similar platforms.
- Experience managing operations professionals.
- High competence with Microsoft Office.
Preferred Qualifications
- 5–8 years of bank loan‑related experience.
- Knowledge of Wall Street Office, Aladdin and Bloomberg.
- Loan closing experience.
- Team‑oriented individual capable of working well across diverse groups in a collaborative, dynamic environment.
- Not seeking agency assistance for this role.
- Candidates must be authorized to work in the United States without current or future visa sponsorship.
Compensation
Annual base salary between $145,000.00 and $160,000.00. This range represents the anticipated base salary range for this position; total compensation may include other components such as incentive compensation.
EEO Statement
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.
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