info@metrosearch.com
Call us On 646-274-1287
| AVP/VP Credit Derivatives Middle Office US based buy side firm | ||
|---|---|---|
 Full Time |
 New York, NY |
 04.10.2019 |
This role is located in Midtown Manhattan
Prepare Daily Cash, position and accrual Recs - VPM to Admin to Custodian - Verify and confirm trades in Everest - Facilitate settlement of all trades with counterparties - Maintain Internal Record of Trade Blotter - Save Down all trade support in trade blotter folder - Save down all investment agreements (credit agreements, etc.) - Save down all support for bank debt investments (funding memo, participation agreements, trade confirm) for both direct and investments and total return swaps - Send trade files to custodian/admin - Process all mandatory corporate actions - Process fixed income and bank debt interest and dividends - Record any trade related fees - Reconcile OTC trades/positions with counterparties daily - Maintain list of open confirms - Daily cash, position and trade break reporting - Daily fail trade reporting - Maintain all relevant client legal agreements - Assist with quarterly/annual audit reviews - Prepare daily cash wires - Monthly Bank Debt confirmations - Perform custody reconciliation - Sending agent notices for PIK, Interest and Prepayments to administrator - Perform Agent responsibilities for applicable securities (i.e. interest calcs, communication to lender etc.) - Prepare and update listing of agent contact details - Confirmation of a completed compliance checklist - Ensure funding approvals are obtained and activity is within limits - Prepare vault pull/deposits - Record investment purchase, sales, and prepayments - Respond to investment team requests on interest calculations / payment due dates etc - Follow up on missed interest/dividend payment - Perform agent notice reconciliation daily, chase missing notices - Interpret credit agreements and help with security set up - Monitor revolver commitments and fund borrowings timely - Track Cash Interest Receipts - Check for loan interest payments and setup receives. - Compare Cash Interest Received with Interest Accrual, examine any discrepancies and if required follow up with the agent or adjust accounting records. - Check public bond interest accruals to BBG - Review collateral and Prices/corp actions in Custody Accounts - Provide cash balance email and margin available to PM. - Book Corporate Actions (PIK, Paydown, Interest) - Assist with documenting detailed policies and procedures (daily, weekly, and monthly) - Assist with finding ways to continue to increase the quality of work, efficiency, and volume as we continue to create a scalable business solution
-1+ years of experience within middle office within a bank, hedge fund or administrator - Operational knowledge of the following products: bank debt, corporate bonds (public/private), CLOs and warehouses, exposure to private deals - This job will require work on private deals (understanding the deal documents, security set up and security maintenance). Will be in constant contact with deal team to understand, set up, maintain and fund new private deals. - Must be able to work long hours. - Must be proficient with Excel - Preferred exposure to origination business - Preferred knowledge of VPM, WSO Data, Bloomberg or similar systems