Loan Documentation Trading Services Specialist - Senior Associate
Join a team that supports your career growth, advancement and expanding opportunities! At JPMorgan Chase we take pride in valuing our employees’ individualities, while supporting an inclusive culture of teamwork.
As a Trade Services Specialist within the Loan Trading Documentation team, you will be responsible for secondary trade closing support. Wholesale Loan Middle Office is a part of Wholesale Lending Services that primarily supports the European Credit Trading, and Syndicated Leverage Finance businesses within the Corporate and Investment Bank
Job responsibilities
Oversees Analysts and Junior Associates
Has sufficient knowledge of LMA Trading, to second-check work and execute trading documentation on behalf of JPMorgan Chase
Works with front office traders and sales coverage, clients, counsel and operations to settle secondary par loan trades
Establishes and maintains strong working relationships with clients/counterparts
Manages a trade portfolio across various lines of business while maintaining a clean aging profile
Reviews Loan Market Association (LMA) standard documents and other legal documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, and multilateral agreements
Reviews credit agreements, specifically assignability language
Identifies and escalates issues to the front office trading assistants/traders/salespeople, in-house legal counsel and management, when necessary
Prepares daily/weekly MIS reporting to track the status of open items and measure risk
Required qualifications, capabilities, and skills
Extensive knowledge with syndicated loans
Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
Excellent oral and written communication skills
Excellent analytical and critical thinking skills
Ability to take initiative and self-motivate as well as work as part of a team
Extensive knowledge of loan-based software (LoanIQ, ClearPar)
Extensive experience with LMA standard documentation, knowledge of the LMA Standard Terms and Conditions
Extensive knowledge of the trade lifecycle and/or experience supporting a trading business