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Position Type :
Full timeType Of Hire :
Experienced (relevant combo of work and education)Education Desired :
Associate's DegreeTravel Percentage :
0%Job Description
We are FIS. Our technology powers the world's economy and our teams bring innovation to life. We champion diversity to deliver the best products and solutions for our colleagues, clients, and communities. If you're ready to start learning, growing, and making an impact with a career in fintech, we'd like to know: Are you FIS?
About the Team
Virtus Trade Settlement (VTS) offers cutting-edge technology for primary and secondary market loan settlements. The automated platform is both efficient and intuitive, minimizing processing errors and facilitating better management of loan assets and cash. The platform is enriched with deal information provided by agent banks and VTS takes care of the rest. Users can share documents and information electronically across the platform.
What You Will Be Doing
As a Senior Securities Operations Associate, you will provide client support and loan trade closings on the VTS platform.
- Assist clients with customer, deal, and asset on-boarding
- Monitor and manage large volumes of loan closings
- Update data in systems
- Perform reconciliations on an as needed basis
- Communicate with internal and external parties regarding loan closings
- Troubleshoot and assess system issues for Quality Assurance
- Build deal templates, user profiles, and onboard clients
- Create fund account profiles
- Field client queries and exercise judgement in problem-solving and/or escalation to IT
- Coordinate with trade counterparties to receive and review par and distressed trade documentation
- Coordinate trade closings among counterparties, agents, and other groups to include formulation of pricing when needed
- Review funding memos for discrepancies prior to settlement
- Communicate and resolve trade issues, as well as escalate when necessary
- Process and reconcile pending trades to client's trade tickets/blotter
- Follow up on dated pending trades over T+10, and maintain comments
- Update fee calculations spreadsheets
- Prepare reports needed by internal management relating to loan settlements or special client requests
- Assist Asset Administration during quarter-end, or other high-volume days as needed
What You Bring
- Bachelor's degree or equivalent combination of education, training, and work experience
- Typically, 4 or more years' experience in accounting or finance
- High proficiency in Excel and advanced Microsoft Office skills
- Basic knowledge of securities
- Understanding of broadly syndicated loans
- Knowledge of transfer documentation, including purchase price letters, netting letters, funding memos, participation agreements, consent and elevation agreements, termination agreements and transfer certificates
- Knowledge of trade fee calculations
- Exposure to both TSI and ClearPar systems
- Ability to read and interpret credit agreements
Added Bonus If You Have
- Experience with daily loan transactions and loan tracking systems
What We Offer You
A career at FIS is more than just a job. It's the change to shape the future of fintech. At FIS, we offer you:
- A voice in the future of fintech
- Always-on learning and development
- Collaborative work environment
- Opportunities to give back
- Competitive salary and benefits
#LI-BS1 #VIRTUAL #Virtus
Privacy Statement
FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.
EEOC Statement
FIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here supplement document available here
For positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.
Sourcing Model
Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.
#pridepass
FIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf
For positions located in the US, the conditions below apply.
If you are made a conditional offer of employment, you will be required to undergo a drug test and background check (including criminal record check)
ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.