Summer Student - Loan Settlement

Overview

The Voya Investment Management Private Market Operations team is comprised of 22 investment support professionals. Within the Operations team, there is a 6-person Loan Settlement team. The team is seeking a Settlement Intern to settle loan trades. The individual will also assist the team in researching and maintaining correct asset positions of the various portfolios investing in the senior loan asset class.

• Become fluent in multiple computer-based programs that involve input and analysis, including RDS, Aladdin and Clear Par. Review, verify, and settle trades via Clear Par or on paper documents, where required.
• Maintain, track, and prioritize all unsettled loan trades. Work closely with the cash team to determine daily cash requirements for settlements.
• Review and verify Funding Memo and relevant loan details.
• Coordinate and resolve any post trade settlement issues and cash queries with back office and trading counter parties.
• Ensure timely delivery of internal & external reports.
• Investigate discrepancies/audits and efficiently resolve sensitive operational issues.
• Coordinate with loan traders and internal/external Legal team(s) regarding proposed changes to trade and settlement documents.
• Work directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades.
• Collaborate with external loan servicers to confirm trade closings, cash and agent position reconciliation.
• Coordinate and confirm corporate actions with trading.
• Coordinate with internal Legal team for client onboarding or any KYC requirements.
• Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions.
• Understand and comply with firm policies and procedures while performing the responsibilities above.
• Other duties as assigned.

• Pursuing Bachelor’s degree or equivalent in finance, business or economics.
• Ability to perform self-directed work with multiple deadlines in a fast-paced and dynamic environment.
• Functional with Microsoft Windows (e.g., Excel, Outlook, Teams).
• Candidate must possess strong communication skills, be a team player, and have strong organizational skills with acute attention to detail.
• Ability to work in a hybrid capacity in the Scottsdale office.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Base salary: $23.00/hr usd

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250/year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

• Customer Focused:
  Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking:
  Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality:
  Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen:
  Understanding of the financial services industry to make sound business decisions.
• Learning Agility:
  Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.