Trading Services Associate

JPMorganChase • Newark, NJ

2d • Onsite

About The Position

As a Trading Services Associate within the Distressed Loan and Special Product Support team at JPMorgan Chase, you will coordinate the execution of trade documents across multiple trading desks and lines of business. The Distressed Loan and Special Product Support team sits within Wholesale Lending Services and is responsible for trade documentation for North America Credit Trading, Credit Liquidity Solutions, Global Emerging Markets, Commercial Bank, Credit Portfolio Group, and North America Credit Financing desks. You will work closely with the respective desk and respective legal counsel to move trades through the process of execution.

Requirements

• 4 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.
• Loan Trade Closing experience required.
• Experience with Clearpar and LoanIQ.
• Extremely detailed orientated with self-motivation and demonstration of initiative.
• Excellent analytical skills.
• Excellent oral and written communication skills.
• Keen to question everything and understand the detail behind the numbers and/or process.

Responsibilities

• Settle loan, equity, or supply chain trading activity while working with the trading desk, clients, counsel and operations teams.
• Draft, review and understand both LSTA Standard and other legal documents including Trade Confirms, Assignment Agreements, and Purchase and Sale Agreements.
• Review and understand Credit Agreements and other relevant trade documentation.
• Manage heavy trade portfolio across all various lines of business while maintaining a clean aging profile.
• Monitor/track/report all escalated issues using appropriate workflow tools.
• Provide monthly/weekly/daily reporting to senior management for open trades and trading metrics.
• Communicate between stakeholders to execute trades smoothly and according to process and procedure.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees