What are the responsibilities and job description for the Trading Services Associate II Distressed Products position at JPMorganChase?
Join our dynamic team as a Trade Services Associate, where you'll play a crucial role in executing trade documentation for Special Products/Distressed. This position offers opportunities for career growth and skill enhancement while working with industry leaders in a collaborative environment.
Job responsibilities
- Coordinate with trading desks, clients, counsel, and operations to settle loan, equity, or supply chain trading activity
- Draft, review, and understand Loan Syndication and Trade Association (LSTA) Standard and other legal documents, including Trade Confirms and Assignment Agreements
- Review and understand Credit Agreements and other relevant trade documentation
- Manage a heavy trade portfolio across various lines of business while maintaining a clean aging profile
- Monitor, track, and report all escalated issues using appropriate workflow tools
- Provide monthly, weekly, and daily reporting to senior management for open trades and trading metrics
- Facilitate communications between stakeholders to execute trades smoothly and according to process and procedure
Required qualifications, capabilities, and skills
- Four years of 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 and knowledge of the LSTA Standard Terms and Conditions
- Extremely detail-oriented with excellent analytical skills
- Self-motivated with a demonstrated initiative
- Excellent oral and written communication skills
- Strong PC skills, particularly in Excel and Word
Preferred qualifications, capabilities, and skills
- BA or BS degree
- Experience in LoanIQ and Clearpar
- Loan Trade Closing experience
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
ABOUT THE TEAM
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.
