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WSO – Wall Street Office & Connexis – BNP Paribas’ electronic banking platform
Senior position with responsibility for the day to running of Lucid’s operations team and all its functions to include (for loan and non-loan transactions):
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New deal set-up – taking responsibility for inputting and setting up new transactions in WSO in accordance with facility agreements and Lucid’s procedures. This is to include:
- Recording loan / facility details in WSO
- Performing call backs to verify Lender and Borrower admin forms and entering them in WSO
- Entering loan party information in WSO
- Entering lender and borrower SSIs into Connexis
- Recording new transactions in Lucid’s diary system
- Entering lender details in Lucid’s Debt Domain platform
Managing initial drawdown of loan facilities – liaise with the relationship management team to coordinate and implement operational aspects of initial loan draws in accordance with facility agreements and Lucid’s procedures. This will include:
- Checking utilisation requests from borrowers
- Issuing demand notices to lenders for initial drawdown
- Notifying BNP Paribas of upcoming drawdown
- Monitoring receipt of lender funds to Lucid’s client accounts
- Confirming release of funds with lenders (obtaining swift messages)
- Following up with BNP Paribas to trace missing lender funds and following up with the lenders where required
- Creating a payment file(s) for the borrower payment (plus any other remittances required under the funds flow) in Connexis for release of funds by the relationship management team
- Notifying relationship management team that funds have been received, remittances have been created and are ready to be released
- Reconciling Lucid’s client accounts upon release of payments
- Rate fixing of loan on drawdown in accordance with agreements
- Updating WSO with new interest period and interest rate
- Compiling and sending rate-fixing notices to lenders
- Diarising next rollover / interest payment date in Lucid’s diary system
Managing loan rollovers and other scheduled deal activity – ensure completion of scheduled agency activity in accordance with facility agreements and Lucid’s procedures. This will include:
- Monitoring Lucid’s diary system to ensure upcoming rollovers / scheduled deal activity is actioned
- Calculating amounts of interest and principal due to the lenders
- Calculating fees due to the lenders
- Compiling and sending demand notices to the borrower requesting payment of scheduled interest, fees and principal due under the agreement*
- Creating payment files for payment of interest, fees and principal due to the lenders
- Rate fixing for new interest period (in conjunction with the borrower)
- Compiling and sending new rate fix notices to lenders and borrowers
- Notify BNP Paribas of upcoming rollover activity on the account
- Monitoring receipt of interest, fees and principal payments to Lucid’s client accounts
- Advising relationship management team of receipt of borrower payments to Lucid’s client accounts
- Diarising for next rollover / interest payment dates
- If borrower funds not received, following up with borrower and advise relationship management team
- Reconciling Lucid’s client accounts upon release of payments
Managing ad-hoc / unscheduled payments of principal – liaising with relationship management team to administer unscheduled payments of loan principal and accrued interest in accordance with facility agreements and Lucid’s procedures. This is to include:
- Receiving and processing borrower notices of repayment / prepayment
- Calculating lender pro rata share of principal, accrued interest, breakage costs and fees and issuing notices to demand the same from the borrower
- Issuing lender notices to confirm upcoming repayment / prepayment
- Creating payment files in Connexis for each lender share of repayment / prepayment
- Advising BNP Paribas of upcoming account activity
- Monitoring receipt of funds to Lucid’s client accounts
- Notifying relationship management team of receipt of funds into Lucid’s client accounts
- If borrower funds not received, following up with borrower and advise relationship management team
- Updating WSO with details of repayment and prepayment and issuing lender / borrower notices accordingly
- Reconciling Lucid’s client accounts upon release of payments
Managing Lender Transfers – liaising with lenders and borrowers to administer loan transfers on primary or secondary loan trades in accordance with facility agreements and Lucid’s transfer procedure. This is to include:
- Receiving and reviewing transfer forms from lenders to ensure they comply with transfer provisions in facility agreements
- Notifying borrower of pending trades where required by facility agreements
- Receiving lender due diligence to comply with Lucid’s AML / KYC procedures
- Executing transfer forms and updating WSO with new lender positions
- Saving executed transfer documents / lender due diligence to deal drive
- Issuing invoices to new lenders for payment of transfer fees
- Diarising receipt of transfer fees and following up with lenders as and when required
- Updating Debt Domain with new lender details
Other ad-hoc tasks and duties – undertake other ad-hoc tasks and duties as and when the need arises to include:
- Taking responsibility for the administration of non-loan transactions as and when the need arises
- Tax reporting as and when required under a transaction.
In order to be considered for a position, you must formally apply via careers.kroll.com
Kroll is committed to equal opportunity and diversity, and recruits people based on merit.
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