Trading Services Specialist Senior Associate Loan Documentation (Hiring Immediately)
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 Trading Services Specialist Senior Associate Loan Documentation within the Loan Trading Documentation team, you will be responsible for secondary trade closing support for products including loans, claims, equity, bonds and other non-standard assets. 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 Have extensive knowledge of LMA Standard Terms & Conditions and other industry standards, to draft, second-check work and execute trading documentation (and other ad hoc documentation) on behalf of JPMorgan Chase Work with front office traders and sales coverage, clients, counsel and operations to settle secondary loans, claims, equity, bonds and other non-standard asset trades Establish and maintain strong working relationships with internal and external stakeholders Manage a trade portfolio across various lines of business while maintaining a clean aging profile Review Loan Market Association (LMA) standard documents and other legal documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, multilateral agreements and other non-standard documentation Review credit agreements and other deal documentation, specifically assignability language Identify and escalate issues to the front office trading assistants/traders/salespeople, in-house legal counsel and management, when necessary Prepare weekly reports to track the status of open items and measure risk Required qualifications, capabilities, and skills 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 Extensive knowledge of the LMA Standard Terms & Conditions Extensive knowledge of the trade lifecycle and/or experience supporting a trading business Extensive knowledge with loans, claims, equity, bonds and other non-standard assets
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