Securitised Products IBMO is responsible for the supporting all trading and sales activity within the Securitized Products and Fixed Income Finance businesses.
The team are expected to focus on controlling and safeguarding the firm’s assets while ensuring timely, accurate, and efficient processing, confirmation, settlement of transactions and minimizing risk in a well-controlled environment.
Main Function : Securitized Products candidate will liaise with the Trading and Investment Banking groups, third party mortgage originators, loan aggregators, and investors to coordinate the financing and purchase of consumer and mortgage loan receivables and other asset types such as personal loans and solar panel receivables.
What you’ll be doing?
o Coordinate the closing of new deals and oversee transaction life cycle
o Tie-out final funding population with investors and facilitate the settlement
process including the repricing of the trade, execution of closing
documentation, reviewing the funding schedule for accuracy, compiling
mortgage loan schedule data, and communicating settlement funds, establish
and Agree Workflow processes with all external deal participants (Borrower /
Seller, Custodian, Servicer, Whole Loan Purchaser
o Review Deal Closing Documents and set up facilities on the applicable
o Oversee the financing and purchase / sale of consumer receivables
o Post-Closing Tracking. Coordinate with Banking and Trading the tracking of
facility terms and lifecycle events pursuant to the terms of legal agreement(s)
o Responsible for Servicer Remittance Processing and tying out final servicer
reports to loans purchased or financed
o Oversee the accurate set-up and maintenance of static and transactional data
on all Bank Systems and databases relating to client and deal information, via
regular review of discrepancy and balance reports
o Monitor all incoming and outgoing funds in the DDA’s and advise and
investigate any un-reconciled items
What we’re looking for :
o Extensive experience of Consumer Finance receivables, collections, servicing,
and investor reporting
o Extensive experience with Residential and / or Commercial Whole Loans
o Extensive industry experience
Skills that will help you in the role :
including interacting effectively with other key areas within the bank e.g. IT,
MO, FO, Ops Control
Where will you be working?
Barclays, Radbroke : Where the best meet to build careers full of scope, variety and reward. Creating the solutions that meet today’s demands, answer tomorrow’s questions, and redefines the future of finance.
Visit home.barclays / who-we-are / for more details. .
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