Loan Services - Reconciliation

Position Summary

Guggenheim is seeking a Vice President to join the Loan Services team. This individual will report to the Director of Loan Services and manage the Reconciliation team, with responsibilities including, but not limited to, the timely and accurate reconciliation of all custodial and clearing accounts within the scope of the Loan Services Operations team. They will focus on ensuring reconciliation of both cash and positions is complete and documented for bank loans and other asset classes. The position requires close interaction with various parties across the firm including traders, credit analysts, and legal team members as well as third party administrative agents and external data vendors. This role will involve working in a dynamic team environment and presents opportunities to utilize interpretation and problem-solving skills in support of the team's objectives and initiatives. The ideal candidate will possess a deep understanding of bank debt and fixed income securities.
The Vice President role presents an opportunity to join a team that sits at the 'hub' of Guggenheim Investments at an exciting time of growth and evolution at all levels of the company.

The position is in the New York office.

Responsibilities

Key Responsibilities

• Develop and manage the team of individuals responsible for ensuring that all cash and positions are reconciled accurately, efficiently and on a timely basis.
• Manage a team responsible for tracking non-standard portfolio investments, including bank loans.
• Define, implement and monitor formal processes that ensure reconciliation processes meet standards established by internal and external auditors including SSAE 16 procedures.
• Actively involved with performing reconciliations and monitoring and resolving exceptions, as needed.
• Maintain close interaction with various parties including custodian banks, trustees, administrative agent banks, portfolio managers, traders, and analysts.
• Ensure all positions are accurate and reconciled with custodians and other external parties as well as across multiple internal systems including Wall Street Office & BlackRock Aladdin Platforms.
• Review and report to management manual transactions processed by Loan Recon in the BlackRock environment
• Monitor SOC1 compliance and control as it relates cash reconciliation team
• Primary point of contact for all cash and liquidity related questions on Private Funds, CLOs and Bank Loan SMAs, while working together with Portfolio Services Reconciliation Team for Liquidity Reporting.
• Coordinate, reconcile and compile all non-USD positions and cash for FX Transactions such as:
• FX Spot and FX Forward Hedging.
• Cash Repatriation for trade settlement and Principal and Interest receivables.
• Provide Bank Loan Accrued Income and PNI Reporting for Month-end Reporting processes to Portfolios Services Team (Reconciliation and Performance).
• Coordinate and conduct parallel analyses with fund administrators for Monthly and Weekly NAV Analysis tie-out on six bank loan SMAs and eight private funds.
• Review WSO composite constituents and ensure that all appropriate portfolios are included in the relevant composites
• Oversee and manage the WSO to BRS interface by performing various quality control checks
• Participate in the on-boarding processes and ensure that the team has the necessary infrastructure for a new mandate

Qualifications

Preferred Qualifications

• Bachelor's degree with 6-8 years of relevant work experience
• At least 4-6 years of bank loan related experience is required
• Knowledge of Wall Street Office and/or Aladdin strongly preferred
• Organized, detail oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
• Demonstrated ability to design, document and implement processes that improve the accuracy and timing of work products and business activities
• Must be able to successfully engage in multiple initiatives simultaneously
• Team oriented individual with ability to work well with diverse groups
• Able to translate between technical and business leaders at the highest levels
• Excellent written and verbal communication skills with an ability to collaborate with internal teams and external parties and service providers

Basic Qualifications

• No jobseeker will be considered if these basic qualifications are not met:
• Undergraduate degree with 5+ years of relevant work experience in investment management or financial services environment
• Proficient in the use of Microsoft Office Suite, specifically Excel
• Must be able to multi-task in a fast paced and challenging environment

Salary Range

Annual base salary between
$135,000.00-$150,000.00

The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.