What are the responsibilities and job description for the Trading Services Specialist - Secondary Documentation Closer position at JPMorganChase?
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 Trade Support Specialist within the Loan Trading Documentation team, you will take on the responsibility of providing primary and secondary trade closing support, as well as Third Party Agency Review. 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
- Work with front office traders and sales coverage, clients, counsel and operations to settle secondary par loan trades
- Establish and maintain strong working relationships with clients/counterparts
- Manage heavy trade portfolio across various lines of business while maintaining a clean aging profile Review Loan Syndications and Trading Association “LSTA” standard documents and other legal documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, and multilateral agreements
- Review credit agreements, specifically assignability language
- Identify and escalate issues to the front office trading assistants/traders/salespeople, in-house legal counsel, and management, when necessary
- Prepare daily/weekly MIS (Management Information System) reporting to track the status of open items and measure risk
Required qualifications, capabilities, and skills
- Bachelor’s degree or syndicated loan experience
- 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
Preferred qualifications, capabilities, and skills
- Familiarity with loan-based software (LoanIQ, ClearPar)
- Experience with LSTA standard documentation, knowledge of the LSTA Standard Terms and Conditions
- Knowledge of the trade lifecycle and/or experience supporting a trading business
- Familiarity with syndicated loans
- Prior knowledge of loan products or trading operations
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.
