Full-Time

Loan Document & Processing Analyst B11

Confirmed live in the last 24 hours

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Social Impact
Financial Services

Compensation Overview

$61.9k - $86.3kAnnually

+ Incentive Awards + Retention Awards

Mid

Tampa, FL, USA + 1 more

More locations: New Castle, DE, USA

Primary location is New Castle, Delaware.

Category
Risk Management
Finance & Banking
Requirements
  • 3+ years relevant experience
  • Established knowledge of Broadly Syndicated Loans (BSLs) and the loan trading business, including an understanding of legal loan documentation, loan mechanics, deal structure, and funds flows.
  • Ability to work with clients under time constraints to facilitate a transaction or process.
  • Ability to collaborate effectively with team members, Senior management, and other business constituents.
  • Critical decision-making capabilities including the ability to identify, escalate, and propose solutions to problems.
  • Ability to multi-task through the practice of strong organizational and time management skills with experience in continuously following-up with various stakeholders.
  • Understanding of the operational processes supporting BSLs.
  • Ability to meet and exceed key operating standards within a KPI/metrics driven culture.
  • Ability to work in an environment where priorities are frequently changing.
  • Individual must have excellent written and verbal communication, organizational and interpersonal skills.
  • Individual must work well under tight deadlines, manage priorities and complete assigned tasks with minimal management follow up.
  • Bachelor's/University degree or equivalent experience.
Responsibilities
  • Facilitate the closing of loan trades by coordinating with the trading desk, sales team, trade counterparties, agents, and various operations teams.
  • Draft, review, and verify trade documentation, including trade tickets, trade confirmations, assignment agreements, participation agreements, netting agreements, and other supporting documentation.
  • Prepare and review complex funding flows for each trade closing including but not limited to pricing, delayed compensation, cost of carry, benefit of commitment reduction (BCR) and assignment fees.
  • Collaborate with the trading and sales teams daily to identify trades to close on a priority basis to improve profitability.
  • Ensure that all necessary approvals and documentations are obtained prior to closing.
  • Confirm and reconcile trade details with the trading desk, sales team, and external clients to ensure accuracy and to mitigate any financial impact.
  • Identify any amendments to the loan facility during the closing process and ensure those changes are applied pro-rata to any unsettled trades.
  • Liaise with internal stakeholders and external clients to resolve any discrepancies or issues that arise during the closing process.
  • Provide regular updates to management on the status of ongoing loan trade transactions and escalate when necessary.
  • Identify opportunities to streamline and improve the loan trade closing process.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy.
  • Apply sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
  • Handle the closing of more complex loan trades such as trades on revolving credits, letters of credit, restructures and manual documentation.
  • Meet higher management expectations for performance indicators, such as volume of trade closing, average settlement time, error rate, and turnover rate of trade portfolio.
  • Serve as a subject matter expert for the broader team by assisting junior team members with questions and issues as they arise.
  • Sign legal trade documents for Citi entities as an 'Attorney-in-fact' correctly and without error.

Citigroup provides a wide range of financial services, including consumer banking, corporate and investment banking, and wealth management, to clients around the world. Its services include loans, credit products, securities brokerage, and asset management, catering to individual consumers, businesses, and government entities. Citigroup operates in over 160 countries, utilizing its extensive global network and technology to offer efficient financial solutions. Unlike many competitors, Citigroup emphasizes its commitment to sustainability and social responsibility through significant investments in environmental, social, and governance initiatives. The company's goal is to facilitate international trade and investment while managing financial assets and providing liquidity in the global financial system.

Company Stage

N/A

Total Funding

$59.8M

Headquarters

Tel Aviv-Yafo, Israel

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Citi's involvement in significant financial deals, such as the $41 million debt facility with Buyerlink, showcases its strong market presence and financial influence.
  • The company's focus on ESG initiatives aligns with growing global trends towards sustainability, potentially attracting more clients and investors.
  • Citi's technological innovations enhance its service delivery, offering employees opportunities to work with cutting-edge financial technologies.

What critics are saying

  • Operating in a highly competitive financial services market, Citi faces constant pressure to innovate and maintain its market share.
  • Global economic fluctuations and regulatory changes can impact Citi's operations and profitability, posing challenges for employees.

What makes Citigroup unique

  • Citi's extensive global network across 160 countries provides unparalleled access to cross-border financial services, setting it apart from regional competitors.
  • The company's commitment to ESG initiatives and technological innovation positions it as a forward-thinking leader in the financial services industry.
  • Citi's diverse range of services, from consumer banking to investment banking and wealth management, allows it to cater to a wide array of clients, unlike more specialized financial institutions.

Help us improve and share your feedback! Did you find this helpful?