Sales Closer

MIDDLE OFFICE LOAN TRADING CLOSER (JOB NUMBER: We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. The Middle Office Loan Trading team supports the settlement process of primary, secondary, distressed loan trades and loan TRS (Total Return Swaps). This includes all funding and documentation matters and is responsible for Liaising and providing daily operational support to multiple stakeholders including but not limited to Clients, Loan Trading desk, Back Office, Legal Counsel and others. Guiding new clients through the setup of the SPV account in ClearPar.

Work closely with the trading desk, clients, legal counsel and operations teams to settle primary, secondary and distressed loan trades for USA and UK desks. Distressed trades will require liaising with external legal counsel and extra vigilance during the life cycle of the trade

Create trades and confirm that the details of trades created in ClearPar match trader's browser in Star

Answer pop-up questions associated with each trade in a timely manner and ensure the answers comply with the existing setup of the utilized SPVs

Prepare and review the LSTA/LMA standard documents including Trade Confirms, Assignment Agreements, Participation Agreements, Multilateral Agreements, and purchase sales agreements for distressed trades.

Coordinate among counterparts and administrative agents, the review and execution of all trade documents necessary for closing

Prepare closing package with pricing information and instructions for backoffice

Perform continuous follow up with counterparties and agents to close the trades in timely manner.

Request deal site access for all new settling buy credits on a daily basis and continue to follow up to ensure that access is received for all the authorised team members

Monitor on a daily basis all notices/amendments received from agents, Identify the actionable amendments and liaise with the concerned departments and clients to ensure accurate and timely submission of votes within the established policies and procedures.

Maintain a high level of customer service with quick response times and accurate information (both internally and externally)

Monitor high volumes of loan closings, update data in systems and perform reconciliations between in house system vs Clearpar.

Monitor and apply corporate events for both unsettled and settled trades in a timely manner

Monitor trader's and clients' position Communicate and escalate any trade issues to management and the trading desk

Read and interpret Credit Agreements and Amendments

Report status of unsettled trades and key risk indicators to management weekly

Take part in different projects under the supervision of Manager

Contribute directly to the Permanent Operational Control by identifying operational risks

The strengths and skills that will help you succeed

• Bachelor in finance
• Strong customer service and communication skills
• Microsoft Excel/Word skills
• Knowledge of the English is required.

Strong organizational skills, attention to detail, concern for quality & accuracy

Excellent interpersonal skills, customer service oriented

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements, such as remote working up to 50% and flexible working hours are available for most positions. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas' office(s) is an essential function of this position;

Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. These will be clearly mentioned in the qualifications of the position;

Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 65 countries, with more than 190,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas' mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,200 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

Canada's Best Diversity Employer 2023

Women in Governance - Parity certified - Gold certification

Canadian Center for Diversity and Inclusion)

Rainbow Accreditation issued by Canada's LGBT+ Chamber of Commerce (CGLCC)

ROSEPH - Grouping of specialized organizations for the employment of persons with disabilities

CA-QC-Montréal Job Type

• Standard / Permanent Job
• CUSTOMER RELATIONSHIP MANAGEMENT Education Level : Bachelor Degree or equivalent (= 3 years) Experience Level : At least 5 years Schedule
• Full-time