AVP, Investment Operations (Loan Settlement)

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

Primary functions and essential responsibilities

• Perform reconciliation on par traded quantity, ensure trades are in line with counterparty
• Timely crosschecking of trades with funding memos/Clear Par, booking trade fees as per funding memo, and settle with correct quantity
• Keeping check on payout letters/distressed trades
• Problem solving, keen eye to breaks for position and cash, reaching out agent bank or admin for recon breaks
• Knowledge on the trade closure and settlement.
• Experience in warehouse closings and portfolio redemption trade settlements.
• Knowledge on loan restructure and corporate action events
• Knowledge on Non Loan settlements – FX and Bonds.
• Direct fund administrators and custodian banks on appropriate processing and review/reconcile processing output for accuracy
• Proactively research, resolve and prevent all settlement and corporate action cash and par breaks with custodian banks and third-party administrators
• Handle settlement related audit request
• Work with all internal and external stakeholders to improve and enhance settlement workflows
• Prepare daily, weekly, monthly and quarterly KPIs reporting and PowerBi system knowledge is a strong plus.
• Review daily recons between internal systems and third parties and resolve discrepancies, including MLR discrepancies
• Efficient mailbox management skills to manage the workflow assignments.
• Influencing and participating in decisions on policies/procedures designed to ensure compliance with internal, legal and regulatory policies and ensure changing business requirements are met
• Contribute ideas and recommendations to improve process efficiencies and increase risk mitigation
• Participate in meetings representing Settlements group and participate in department initiatives such as system enhancements, off-hour testing and new business conversions as necessary.
• People management skills with great influencing ability.