Trading Services Associate
JPMorganChase
Newark, DE, USA
Do you have 4 years prior experience with syndicated loan settlements or trading operations, with extensive knowledge of trade lifecycle and/or experience supporting a trading business? This is the team for you.
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.
Job 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.
Required Qualifications, Capabilities, and Skills
- 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.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Join the team that coordinates the execution of trade documents across multiple trading desks and lines of business