Trading Services Associate I- Documentation Closer

JPMorgan Chase & Co. • Newark, DE

3h • Onsite

About The Position

As the Associate Documentation Closer, within Trading Services you will be responsible for secondary trade closing review and signing. Your role is a crucial part of the Wholesale Loan Middle Office, a division of Wholesale Lending Services, which primarily supports the North America Credit Trading, and Syndicated Leverage Finance businesses within the Corporate and Investment Bank.

Requirements

• 2 years prior experience with syndicated loan settlements or trading operations
• Extensive knowledge of the trade lifecycle and/or experience supporting a trading business
• Experience with LSTA standard documentation, knowledge of the LSTA Standard Terms and Conditions
• Strong Computer Skills : in particular Excel, Word and PowerPoint
• Extremely detail-oriented
• Excellent analytical skills
• Excellent oral and written communication skills
• Self-motivated with a track record of initiative

Nice To Haves

• 4 years prior experience with syndicated loan settlements or trading operations
• Bachelor’s Degree in Finance or related field
• Preferred familiarity with loan-based software (Loan IQ, ClearPar)
• Loan Trade Closing Experience

Responsibilities

• Working with the trading desk, clients, counsel and operations to settle complex secondary loan trades; Inventory tracking, Participation Drafting, PIK Events, ETC…
• Drafting, reviewing and understanding both Loan Syndications and Trading Association (LSTA) Standard and other legal documents including Trade Confirms, Assignment Agreements, Purchase and Sale Agreements & LSTA Standard Participations
• Completing two-touch review and signing of documentation completed by other closers
• Reviewing and coordinating with internal and external counsel on proposed changes to legal documents
• Reviewing and understanding Credit Agreements and other relevant trade documentation
• Managing a heavy trade portfolio across all various lines of business while maintain a clean aging profile
• Identifying and escalating issues to the Trading Assistants & traders, in-house legal counsel and management, when necessary (Focus on key economic, language and fee-related disputes)
• Working directly with counterparts and internal partners in issue resolution
• Monitoring/tracking/reporting of all escalated issues using appropriate workflow tools
• Reporting to senior management for open trades and trading metrics is required

Benefits

• comprehensive health care coverage
• on-site health and wellness centers
• a retirement savings plan
• backup childcare
• tuition reimbursement
• mental health support
• financial coaching

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level