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Fixed Income Loan Closer-Associate, Corporate- Operations

at Jefferies - New York City, New York 17 Days Open
Fixed Income Loan Closer-Associate, Corporate- Operations
About Jefferies

Jefferies, the global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities, and also select asset and wealth management strategies, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation (NYSE: LUK), a diversified holding company.


The Associate will work in a high paced environment supporting Distressed, Trade Claims and HY bonds.

Primary Responsibilities:

  • Coordinating trade settlements in the Syndicated Loan Market
  • Interacting with counterparties, traders, banks and administrative agents to close par loan trades
  • Having daily interaction with asset managers, analysts and traders to facilitate communication and accurately reflect loan positions and open trades
  • Managing both settled balances and cash balances to schedule trade closings with counterparties
  • Performing daily, weekly and ad-hoc reporting for upper management
  • Maintaining a dialogue with peers in other lead banks and institutional investors
  • Executing mandates and managing the sell-down process
  • Troubleshooting, escalating and solving problems that arise from trade discrepancies
    • Managing amendments, non-pro-rata paydowns,PIK events and restructurings:  soliciting votes where appropriate, communicating issues with counterparties, preparing spreadsheets with paydown and delayed compensation calculations
    • Performing other projects as needed
  • Performing key administrative duties in the settlement process including:  onboarding new clients through appropriate KYC channels, reconciling trade blotters, preparing audit confirms
  • Monitoring and following up on aged trades and unsigned documents

Required Background:

  • Strong verbal and written communication skills
  • Detail oriented, Team orientation, multi-task completion, accountability
  • Bachelor’s Degree
  • 2-5 years of relevant experience
  • Proficient in Microsoft Excel, VBA(Desired not required), PowerPoint and Word

Posted 01/6/2017

  • Full Time position
  • Compensation will be Market Rate

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