Loan Servicing - Associate - London

Job description

Job Summary & Responsibilities

YOUR IMPACT:

Are you passionate about using your communication skills to influence discussions with internal business teams and outside clients, as well as, various Federation teams (including house lawyers, compliance, credit, regulatory teams and other Operations areas).  
The team needs people who can prioritise and display flexibility; will pay close attention to detail and display a high standard for accuracy and responsiveness; have a positive attitude and will work towards accomplishing the goals of the team.

The Loan Servicing team VP role is an opportunity for a dynamic individual to manage a team of 5 -7 individuals, providing functional oversight, as well as, being responsible for people management (including providing regular feedback to help individuals achieve their career goals and aspirations).

OUR IMPACT:

Our team of critical thinkers partners with groups in all areas of the firm to perform financial analytics and reporting and data analytics and engineering. Our division also provides critical operations design and handles capital markets operations to ensure business flows smoothly across our global offices. From day one, team members play a vital role in upholding the three Operations principles of client focus, process innovation, and risk management.

The Loans Servicing Team sits within Banking, Investing and Lending Operations and supports various GS business teams with the origination, syndication, and secondary market trading of performing and non-performing loans.  While loans are the primary product supported, the business continues to expand into other areas such as structured products, and private equities.

The Servicing team works in partnership with various GS business teams to ensure efficient execution and settlement of new issues when GS is acting in an Agent and/or Lender capacity on Syndicated and Bilateral loans. The team are responsible for monitoring and managing the risk undertaken by the Bank Loans Agency business in Europe including the reputational risk of acting on behalf of a syndicate of other financial institutions.

HOW YOU WILL FULFILL YOUR POTENTIAL:

• Drafting, reviewing & negotiating transfer documents (including trade confirms & transfer certificates)
• Liaising with Legal, Compliance, Credit, Trading Desks, Agency and Servicing teams to ensure necessary approvals are obtained, pricing/cashflows are agreed and reconciled and settled within our system.
• Responsible for primary new loan issuance settlement and funding
• Providing ongoing support for existing deals, ensuring funds are paid and received on time
• Liaising with borrowers, lenders and external agents in respect of rollovers, rate fixings, repayments
• Invoicing and processing of interest, repayments and fees on GS Agented deals or Bilateral loans
• Processing external payments and validating payment instructions with our counterparts
• Managing regular information flows between borrowers and lenders as well as handling any waivers or amendments to existing agreements
• Effectively reviewing and processing transfers between lenders. These may be entirely third party to GS or with GS as one side of the transfer.
• Ensuring the register of lenders and GS books and records are accurate at all times
• Review and navigation of Loan Credit Agreements and ancillary documentation

SKILLS & EXPERIENCE WE’RE LOOKING FOR:

Basic Qualifications
• Ability to work well under pressure and meet strict deadlines
• Ability to learn quickly in a fast-moving environment
• Strong attention to detail and the ability to keep track of a large workload
• Strong control mind set, to enhance the existing infrastructure to support increases in business
• Team oriented approach – ability to work across functions outside of Operations
• Highly motivated, energetic and enthusiastic
• Strong organisational skills and flexibility, with the ability to cope with rapidly changing priorities throughout the day
• Excellent interpersonal skills and self-confidence, including the ability to deal with demanding business requirements, protecting the interests and reputation of GS whilst maintaining a commercial outlook
• Professional approach and ability to communicate well directly with external parties such as borrowers, lenders and other agents

Preferred Qualifications
• Knowledge and previous experience of Bank Loans Servicing or Agency activity
• Knowledge and previous experience of payment processing and payment instruction maintenance
• Experience of navigating Loan Credit Agreements