Manager Bank Loan Operations
Apply NowCompany: Invesco Global Asset Management Inc
Location: Houston, TX 77084
Description:
As one of the world's leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.
If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!
Job Description
Your Role
The Manager of Bank Loan Settlement will lead and oversee the daily operations of the loan settlements team, ensuring accurate and timely processing of loan transactions. This role involves providing strategic direction, managing high trade volumes, and ensuring compliance with banking regulations. The incumbent will be responsible for developing and implementing policies and procedures, managing relationships with internal and external stakeholders, and driving process improvements and automation projects. The Manager will ensure the team's key requirements are met through effective oversight, risk mitigation, and continuous improvement initiatives.
You Will Be Responsible For:
The Experience You Bring :
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
Workplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
What's in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.
If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!
Job Description
Your Role
The Manager of Bank Loan Settlement will lead and oversee the daily operations of the loan settlements team, ensuring accurate and timely processing of loan transactions. This role involves providing strategic direction, managing high trade volumes, and ensuring compliance with banking regulations. The incumbent will be responsible for developing and implementing policies and procedures, managing relationships with internal and external stakeholders, and driving process improvements and automation projects. The Manager will ensure the team's key requirements are met through effective oversight, risk mitigation, and continuous improvement initiatives.
You Will Be Responsible For:
- Leading and coordinating trade settlements of Primary & Secondary loan trades for Par & Distressed, LSTA & LMA trades, non-Loan such as Equities, potentially Direct Lending.
- Managing high trade volume portfolio for in-house as well as any outsourcing support and oversight for trades and/or complex deals.
- Working closely with Front office and trade counterparts to resolve trade discrepancies on time without risk of losing delayed compensation and escalate trades as needed.
- Daily cash management and projections for trade settlements, including CLO and Warehouses.
- Continuously building rapport and relationships with trade counterparts, custodians, Front Office, and internal groups.
- Being a liaison with trustees and agent banks to resolve any position issues and resolve any reconciliation breaks related to trade settlements.
- Gathering facts and trends to raise internally and with counterparties, focusing on controls and operational improvements.
- Developing, implementing, and advising the business on best practices, standards, procedures, and recommending strong internal controls.
- Participating in the design of solutions for new products and respective implementation along with collaboration with IT counterparts.
- Playing an active role in process automation projects and efficiency enhancements.
The Experience You Bring :
- Minimum 7 to 10+ years of direct Bank Loans Syndicated Trade Settlements support to the bank loan operations and front office teams, across a wide range of securitized and private assets.
- Understanding of Bank loans and how syndicated loans function in the market, including being up to date with LSTA and LMA rules and regulations.
- Experience with trade confirmations, Assignment Agreements, Participations and Master participations, Netting Agreements, and able to understand drafting/reviewing of manual funding calculations, KYC.
- Experience in distressed and direct lending loans preferred.
- Proficient with Clearpar, Markit Clear, Wall Street Office (WSO).
- Adaptable to current and new technologies.
- Knowledge of workflow automation tools and ability to quickly learn processes desired.
- Excellent research & analytical as well as problem-solving skills.
- License / Registration / Certification: CPA, CFA, or MBA is a plus, but not required.
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
Workplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
What's in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
- Flexible paid time off
- Hybrid work schedule
- 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
- Health & wellbeing benefits
- Parental Leave benefits
- Employee stock purchase plan
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.