Trading Services Associate - Documentation Closer

Position: Trading Services Associate I- Documentation Closer
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Category:
Trading Services

Job Schedule:

Full time

Posted Date: T22:43:52+00:00

Job Shift: Day

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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 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.

Job 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

Required qualifications, capabilities, and skills

* 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 Power Point

* Extremely detail-oriented

* Excellent analytical skills

* Excellent oral and written communication skills

* Self-motivated with a track record of initiative

Preferred qualifications, capabilities, and skills

* 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, Clear Par)

* Loan Trade Closing Experience

Work schedule

* This role requires full five days in office

This position is not eligible for H1B or Sponsorship