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 Responsibilities

• Manage end-to-end settlement of syndicated bank loan trades under LSTA market standards.

• Execute and oversee LSTA loan settlements, closings, and assignment processing through ClearPar and manual settlement processes.

• Coordinate and manage LMA trade closings, transfer certificates, and settlement documentation.

• Perform delayed compensation and Cost of Carry (CoC) calculations accurately and within market timelines.

• Settle participation trades, par trades, distressed trades, and cross trades.

• Review funding memos, trade confirms, settlement notices, and payout letters to ensure settlement accuracy.

• Liaise with agent banks, custodians, fund administrators, counterparties, and internal teams to resolve settlement exceptions.

• Investigate and resolve cash and position reconciliation breaks on a timely basis.

• Perform daily cash reconciliation and position reconciliation across internal systems and third-party records.

• Ensure accurate booking of settlements, fees, delayed compensation, and trade-related adjustments.

• Handle custody, administrator, and agent bank queries relating to settlements and trade lifecycle events.

• Support warehouse closings, portfolio redemptions, restructurings, and corporate action events.

• Monitor settlement aging and proactively drive trades to closure.

• Prepare and review MIS, KPI, and management reports.

• Participate in process improvement and automation initiatives.

• Support audits, regulatory reviews, and control testing activities.

• Provide guidance and oversight to junior team members and contribute to team development.

Mandatory Experience

• 10-15 years of experience in Investment Operations, Bank Loan Operations, or Loan Settlements.

• Strong hands-on experience in LSTA loan settlements and trade closings.

• Experience working on LMA loan settlements and closing processes.

• Strong knowledge of Delayed Compensation and Cost of Carry (CoC) calculations.

• Experience settling participation trades and cross trades.

• Extensive experience in cash reconciliation and position reconciliation.

• Proven experience handling settlement exceptions and break resolution.

• Strong understanding of syndicated loan products and settlement lifecycle.

• Experience interacting with agent banks, custodians, administrators, and counterparties.

• Experience using ClearPar for loan trade settlement processing.

Required Systems Knowledge

Hands-on experience with one of the below:

• ClearPar

• WSO Admin

• Geneva

• Loan IQ

Preferred Qualifications

• Bachelor's Degree in Finance, Commerce, Accounting, Economics, or related discipline.

• Knowledge of loan restructurings and corporate actions.

• Experience in warehouse closings and portfolio redemption settlements.

• Exposure to non-loan products such as Fixed Income, Bonds, or FX.

• Experience working with offshore or outsourced operating models.

• Knowledge of Power BI, Python, VBA, or other automation tools.

• Prior people management or team lead experience.

Key Competencies

• Loan Settlement Expertise (LSTA/LMA)

• Delayed Compensation & CoC Calculations

• Cash & Position Reconciliation

• Break Investigation & Resolution

• Stakeholder Management

• Team Leadership & Mentoring

Reporting Relationships

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.