Stonex Group, Inc.
Loan Closer
Stonex Group, Inc., New York, New York, us, 10261
Overview
Connecting clients to markets - and talent to opportunity
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we're a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors.
At StoneX, we offer you the opportunity to be part of an institutional-grade financial services network that connects companies, organizations, and investors to the global markets ecosystem. As a team member, you'll benefit from our unique blend of digital platforms, comprehensive clearing and execution services, personalized high-touch support, and deep industry expertise. Elevate your career with us and make a significant impact in the world of global finance.
Business Segment Overview
Corporate:
Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you'll have the opportunity to optimize processes and implement game-changing policies.
Responsibilities
Job Purpose and Responsibilities
Position Purpose:
As part of the Leveraged Finance (Corporate Credit) Trading Team, you will maintain a portfolio of Par/Distressed LSTA loans, Post ReOrg/Private Equity, and Non Traditional Financial Assets (Bankruptcy Trade Claims/Insurance Liquidation Policy Claims/Litigation Trust Units/Tax Credits/etc) trades from Trade Date through to Settlement and in certain cases post Settlement.
Primary duties will include:You will be preparing and reviewing LSTA Par/Distressed trade documents; Trade Confirms, Transfer Certificates, Participation/sub-Participation agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Distressed Trade Claim documents.You will be preparing and reviewing private equity/warrant trade documents; Trade Confirms, Transfer Certificates, ROFR/ROFO agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Shareholder/LLC Joinder documents.You will liaise with trade counterparties, agent banks, legal counsel (external and internal) as required to ensure all documents are ready for settlement.You will assist in reviewing Credit/Shareholder Agreements to assess transferability requirements and restrictions. Liaise with Operations to instruct settlement of trades. Monitor trader positions to ensure trades and settled positions are always reconciled.Identify and update senior Team members on potential issues with any loan settlements. Identifying solutions to potential settlement issues.Preparing weekly status reports and hosting Weekly Open Trades Review Meeting with internal parties.Work with AML/Compliance/KYC teams to ensure all internal checks are performed and documented prior to loan settlement.Work closely with the Head Trader, the Head of Leveraged Finance, the Sales and Trading team, Legal and Operations.Qualifications
Qualifications:
Required:
5 year of experience in Par/Distressed leveraged loans (Corporate Credit) and trade closing.Good written and verbal communication skillsPreferred:
Familiarity with Clearpar systems and SyndTrakCommercial AwarenessEducation and Certification Requirements:
Bachelor's degree or equivalent experienceSuccessful completion of Series 99 within 90 days of employmentWorking Environment:
Full time onsiteAbility to work under pressure and within tight timelinesSense of Humor
Hiring Salary Range $100,000 - $150,000 (Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.) Subject to business performance and recommendations of management, this role may be eligible to participate in an incentive compensation plan. This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.
#LI-Hybrid #LI-EJ1
Connecting clients to markets - and talent to opportunity
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we're a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors.
At StoneX, we offer you the opportunity to be part of an institutional-grade financial services network that connects companies, organizations, and investors to the global markets ecosystem. As a team member, you'll benefit from our unique blend of digital platforms, comprehensive clearing and execution services, personalized high-touch support, and deep industry expertise. Elevate your career with us and make a significant impact in the world of global finance.
Business Segment Overview
Corporate:
Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you'll have the opportunity to optimize processes and implement game-changing policies.
Responsibilities
Job Purpose and Responsibilities
Position Purpose:
As part of the Leveraged Finance (Corporate Credit) Trading Team, you will maintain a portfolio of Par/Distressed LSTA loans, Post ReOrg/Private Equity, and Non Traditional Financial Assets (Bankruptcy Trade Claims/Insurance Liquidation Policy Claims/Litigation Trust Units/Tax Credits/etc) trades from Trade Date through to Settlement and in certain cases post Settlement.
Primary duties will include:You will be preparing and reviewing LSTA Par/Distressed trade documents; Trade Confirms, Transfer Certificates, Participation/sub-Participation agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Distressed Trade Claim documents.You will be preparing and reviewing private equity/warrant trade documents; Trade Confirms, Transfer Certificates, ROFR/ROFO agreements, netting Agreements, Funding memos, Purchase and Sale Agreements, and Shareholder/LLC Joinder documents.You will liaise with trade counterparties, agent banks, legal counsel (external and internal) as required to ensure all documents are ready for settlement.You will assist in reviewing Credit/Shareholder Agreements to assess transferability requirements and restrictions. Liaise with Operations to instruct settlement of trades. Monitor trader positions to ensure trades and settled positions are always reconciled.Identify and update senior Team members on potential issues with any loan settlements. Identifying solutions to potential settlement issues.Preparing weekly status reports and hosting Weekly Open Trades Review Meeting with internal parties.Work with AML/Compliance/KYC teams to ensure all internal checks are performed and documented prior to loan settlement.Work closely with the Head Trader, the Head of Leveraged Finance, the Sales and Trading team, Legal and Operations.Qualifications
Qualifications:
Required:
5 year of experience in Par/Distressed leveraged loans (Corporate Credit) and trade closing.Good written and verbal communication skillsPreferred:
Familiarity with Clearpar systems and SyndTrakCommercial AwarenessEducation and Certification Requirements:
Bachelor's degree or equivalent experienceSuccessful completion of Series 99 within 90 days of employmentWorking Environment:
Full time onsiteAbility to work under pressure and within tight timelinesSense of Humor
Hiring Salary Range $100,000 - $150,000 (Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.) Subject to business performance and recommendations of management, this role may be eligible to participate in an incentive compensation plan. This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.
#LI-Hybrid #LI-EJ1