Job Description

We are FIS. Our technology powers the world’s economy and our teams bring innovation to life. We champion diversity to deliver the best products and solutions for our colleagues, clients, and communities. If you’re ready to start learning, growing, and making an impact with a career in fintech, we’d like to know: Are you FIS?

About the Team

Virtus from FIS is a leading provider of alternative investment services and technology solutions, specializing in delivering comprehensive front, middle, and back-office services to asset managers, banks, and other institutional investors. Virtus helps its clients manage their alternative investment portfolios, including CLO/CDOs, private equity, hedge funds, and other alternative assets.

What You Will Be Doing

Virtus Trade Settlement (VTS) offers cutting-edge technology for primary and secondary market loan settlements. The automated platform is both efficient and intuitive, minimizing processing errors and facilitating better management of loan assets and cash. The platform is enriched with deal information provided by agent banks and VTS takes care of the rest. Users can share documents and information electronically across the platform. As a Senior Securities Operations Associate, you will provide client support and loan trade closings on the VTS platform.

• Assist clients with deal and asset on-boarding by monitoring and managing large volumes of loan closings, updating data, and performing reconciliations
• Field client queries, communicate and resolve trade issues, escalations, and assess system issues for quality assurance
• Build deal templates, user profiles, onboard clients, and create fund account profiles
• Coordinate trade closings among counterparties, agents, and other groups to include formulation of pricing, review of par, and distressed trade documentation
• Review funding memos for discrepancies prior to settlement, as well as process and reconcile pending trades to client’s trade tickets/blotter
• Follow up on pending trades over T+10, maintain comments, update fee calculation spreadsheets, and prepare loan settlement reports
• Assist Asset Administration during quarter-end, or other high-volume days as needed

What You Bring

• Bachelor’s degree or equivalent combination of education, training, and work experience
• Typically, 4 or more years’ experience in accounting or finance
• High proficiency in Excel and advanced Microsoft Office skills
• Understanding of broadly syndicated loans and transfer documentation, including purchase price letters, netting letters, funding memos, participation agreements, consent and elevation agreements, termination agreements and transfer certificates
• Knowledge of trade fee calculations, along with ability to read and interpret credit agreements
• Exposure to both TSI and ClearPar systems

Added Bonus If You Have

• Experience with daily loan transactions and loan tracking systems

What We Offer You

A career at FIS is more than just a job. It’s the change to shape the future of fintech. At FIS, we offer you:

• A voice in the future of fintech
• Always-on learning and development
• Collaborative work environment
• Opportunities to give back
• Competitive salary and benefits

#LI-BS1 #VIRTUAL #Virtus

FIS is committed to providing its employees with an exciting career opportunity and competitive compensation. The pay range for this full-time position is $23.78 - $38.77 and reflects the minimum and maximum target for new hire salaries for this position based on the posted role, level, and location. Within the range, actual individual starting pay is determined additional factors, including job-related skills, experience, and relevant education or training. Any changes in work location will also impact actual individual starting pay. Please consult with your recruiter about the specific salary range for your preferred location during the hiring process.

Privacy Statement

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.

EEOC Statement

FIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here supplement document available here

For positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

#pridepass