Trading Services Non-Agented Closer Associate

at JPMorgan Chase in Newark, Delaware, United States

Job Description

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 Non-Agented Trade Closer within the Loan Trading Documentation team, you will be responsible for primary and secondary trade closing support on Non-JPMorgan Agented deals. Wholesale Loan Middle Office is a part of Wholesale Lending Services that 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 par Non-JPMorgan Agented trades

+ 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

+ 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

+ Coordinating with Deal Closing, Maintenance and settlements to maintain non-agent deal builds and facility records

+ Developing close relationships with External Agents to settle trades quickly and efficiently

+ 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 PowerPoint

+ 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

+ Bachelors Degree in Finance or related field

+ Preferred familiarity with loan-based software (Loan IQ, ClearPar)

+ Loan Trade Closing Experience

Work schedule

+ This hybrid role requires going into the office three days a week with two days’ flexibility to work from home, subject to change

This position is not eligible for H1B or Sponsorship

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans

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Job Posting: JC261437550

Posted On: Jun 17, 2024

Updated On: Jun 29, 2024

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