Trade Execution Par Loan Closer

Overview

Your role
UBS is currently seeking a syndicated loan trade closer in the Trade Execution team within the broader Global Loan Servicing (GLS) Operations team. The Loan trade Closer is responsible for the timely and accurate closing of Secondary Par, Primary, & Third Party loan trades. The Trade Closer works closely with our outsourced vendor S&P, Business/Trading desk, trade counter parties, and Agents to ensure the timely and accurate settlement of our loan trades.

The Loan Closer also works with internal teams including Onboarding, Finance, Payments, and Tax to remediate issues delaying settlements and break resolution.

Your role
UBS is currently seeking a syndicated loan trade closer in the Trade Execution team within the broader Global Loan Servicing (GLS) Operations team. The Loan trade Closer is responsible for the timely and accurate closing of Secondary Par, Primary, & Third Party loan trades. The Trade Closer works closely with our outsourced vendor S&P, Business/Trading desk, trade counter parties, and Agents to ensure the timely and accurate settlement of our loan trades.

The Loan Closer also works with internal teams including Onboarding, Finance, Payments, and Tax to remediate issues delaying settlements and break resolution.

• Close secondary par, primary, and third party loan trades in a timely and accurate manner.
• Collaborate with outsourced vendor S&P and Clearpar, trade desks, counter parties, and agents to ensure settlement accuracy and timeliness.
• Remediate issues delaying settlements and perform break resolution with internal teams (Onboarding, Finance, Payments, Tax).
• Perform daily reconciliation and management of cash, position, intersystem, trade and ledger breaks.
• Partner with internal stakeholders including Traders, Sales, Bankers, Finance and various operational teams to settle loan trades.
• Ensure trade economics, delayed compensation, cost of carry, and fees are correct.
• Familiar with amendments processing including cashless rolls, Extensions, Waivers, Consents.
• Assist with KYC & Tax issues and escalations.
• Identify and escalate issues and proactively look for ways to improve processes and controls.
• Perform ad-hoc projects and support team members.

Salary information Raleigh: the salary range for this role is $57,500 to $72,500. The expected salary range(es) as of the posting date are based on factors including experience, qualifications, education, location, and skill level. This role may be eligible for discretionary incentive compensation. For benefits information, please visit UBS benefits.

Job Type Full Time

Job Reference # 332451

City Raleigh

Your team:
In Group Operations we are the experts in how the firm operates. To succeed our people must drive the organization forward, know what our stakeholders want, support digital transformation, and collaborate to enhance client experience now and in the future.

• Bachelor’s degree
• Ability to quickly pick up and learn the loan product, systems, and processes
• Effectively communicate and build relationships with our Trading Desk and Investment Bankers
• Manage internal stakeholders and vendor relationships with S&P
• Takes initiative to resolve issues and deep dive into root causes to prevent recurrence
• Naturally inquisitive and self-motivated to learn new functions and processes
• Effective communication and comfortable dealing with all levels of the firm and external clients; both oral and written
• Able to think creatively, flexibly, and logically to solve problems
• Detail oriented and able to multi-task in a fast-paced environment
• Interested in digitalization and have an affinity with technology

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe. We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do.

Because together, we’re more than ourselves. Want to find out more? Visit

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