Trading Services Associate
About The Position
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. Job Summary: As the Associate Documentation Closer, 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 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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
