Middle Office Specialist at S&P Global

Manchester, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

BA or BS or equivalent work experience
Knowledge of par and distressed loans and the documentation
Knowledge of trade fee calculations
Ability to read and interpret credit agreements
Experience with daily loan transactions
Exposure to ClearPar/TSI/Markit WSO systems is a plus
Takes initiative and ownership of job responsibilities
Must be able to perform job duties accurately and timely
Must adhere to deadlines and targets given
Strong customer service skills
Ability to prepare various reports and metrics needed by internal management or special client requests
Teamwork skills
Ability to assist other WSO groups during quarter-end or other high-volume periods

Responsibilities

Manage client portfolio(s)/Agency trades in our loan Trade Settlement outsourcing services
Communicate proactively and effectively with clients
Coordinate with trade counterparties to receive and review par and distressed trade documentation
Coordinate with legal counsel and follow-up, when needed, for distressed trades and participation
Coordinate trade closings among clients, counterparties, and agents
Review trade documentation, including trade confirms, assignment agreements, and funding memos for discrepancies prior to settlement including using third-party systems
Follow up on outstanding trades and keep current comments updated
Deliver closing packets to custodians and clients before the stated deadlines
Report client metrics and trends on a monthly basis

Skills

Key technologies and capabilities for this role

loan trade settlementpar loansdistressed loanstrade documentationcredit agreementstrade fee calculationsClearParTSIMarkit WSOcustomer servicetrade confirmsassignment agreementsfunding memos

Questions & Answers

Common questions about this position

What are the key responsibilities of the Middle Office Specialist?

Responsibilities include managing client portfolios and agency trades, communicating with clients and counterparties, coordinating trade closings, reviewing documentation for discrepancies, following up on outstanding trades, and reporting client metrics monthly.

What qualifications and skills are required for this position?

Candidates need a BA or BS or equivalent experience, knowledge of par and distressed loans and documentation, trade fee calculations, ability to read credit agreements, experience with daily loan transactions, and strong customer service, teamwork, and deadline adherence skills.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What experience makes a strong candidate for this role?

Strong candidates have knowledge of par and distressed loans, trade documentation, credit agreements, and daily loan transactions, plus exposure to systems like ClearPar/TSI/Markit WSO, with initiative, accuracy, timeliness, and teamwork skills.

S&P Global

Provides financial information and analytics services

About S&P Global

S&P Global provides financial information and analytics to a wide range of clients, including investors, corporations, and governments. The company offers services such as credit ratings, market intelligence, and indices, which help clients understand and navigate the global financial market. S&P Global's products work by utilizing advanced data analytics and research to deliver insights that assist clients in making informed decisions and managing risks. Unlike many competitors, S&P Global has a diverse range of divisions, including S&P Global Ratings and S&P Dow Jones Indices, which allows it to cater to various financial needs. The company's goal is to support clients in driving growth while also committing to corporate responsibility and positive societal impact.

New York City, New YorkHeadquarters

1917Year Founded

IPOCompany Stage

Data & Analytics, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Unlimited Paid Time Off

Professional Development Budget

401(k) Company Match

Family Planning Benefits

Employee Discounts

Risks

Integration challenges with new acquisitions like ProntoNLP may cause operational issues.

Increased competition from AI-driven platforms like Brooklyn Investment Group.

Dependence on volatile credit ratings market could impact revenue stability.

Differentiation

S&P Global integrates advanced AI tools for superior financial analytics capabilities.

The company offers comprehensive ESG solutions, meeting growing sustainability demands.

S&P Global's diverse divisions provide a wide range of financial services globally.

Upsides

Acquisition of ProntoNLP boosts data analytics and sentiment scoring capabilities.

Rising demand for ESG data enhances S&P Global's market position.

Expansion into India strengthens S&P Global's research and insights offerings.

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