Syndicated Operations Specialist, Assistant Vice President - Hybrid
MUFG
- New York City, NY
- $90,000-115,000 per year
- Permanent
- Full-time
Capital Market Group Primary Desk: Investment Grade, High Yield, Equities, Private Placements / Project Finance, and Advisory.
Securitized Products Primary Desk: Asset Backed Securities, Collateralized Loan Obligations, and Pass-Through Notes.Major Responsibilities:
- Obtain new issue eligibilities with DTC & Euroclear/Clearstream to ensure settlement for global notes
- Apply for new issue eligibility with FINRA and monitor TRACE reporting tool to resolve discrepancies and adhere to FINRA regulations for Primary transactions
- Registration letters, DTC eligibility, closing mechanics takedown vs DWAC and LIBOR settings on floating rate notes
- Work with the desk to advise on non-conventional deals to outline operational mechanics for origination and distribution
- Secure funding via Day Loan for deal closings
- Advise the desk on internal and external infrastructure requirements pertaining to new primary businesses, i.e. Pass-Through Notes, etc.
- Coordinate logistics on ad-hoc settlements such as accredited investor notes on CLO offerings
- Ensure flagging of trades for 144a/Reg S offerings to include prospectus delivery as stated by FINRA regulation
- Reconcile sensitive intrafirm treasury hedge transfers from CMG to the Rates desk
- Provide real-time support for order entry, flow and execution and communicate to issuer/client for wire instructions, executed underwriting documents and KYC
- Act as a buffer to supplement trade support responsibilities, including trade allocation & internal FOBO reconciliation
- Action investor DKs on closing date to ensure full settlement and mitigate any fails which allows for full return of funds at no additional cost
- Support entire credit sales on pricing date to ensure the accuracy and validity of orders including hedges
- Position management, outreach to primary investors for settlement confirmation
- Engage with the desk to ensure qualitative & quantitative deal information is logged into Dealtrak
- Ensure deal information is accurate for Regulatory Finance’s moment to moment capital changes
- Update and ensure payment of sales credit for orders originating from affiliates
- Distribution of month end marks for ABS and CLO positions
- Run PnL calculations on all short covers for every deal
- Sole ownership of firm’s Out of Pocket submissions and Final Settling of fees for all deal types
- Undergraduate degree plus 3 - 7 years of Syndicated Loan Trading experience
- Bachelor's degree in finance/ operation management and/or commensurate amount of commercial banking experience is preferable
- Very strong customer service skills with exceptional written and verbal communication skills
- Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations
- Detail-oriented, conscientious and energetic professional with ability to think creatively.
- Ability to operate in a challenging and rapidly changing environment with a desire to accept new assignments and the ability to learn new principles and dynamic systems quickly