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As the Associate Documentation Closer, within Trading Services you will be responsible for secondary trade closing review and signing. 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
- Working with the trading desk, clients, counsel and operations to settle complex secondary loan trades; Inventory tracking, Participation Drafting, PIK Events, ETC…
- 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 & LSTA Standard Participations
- Completing two-touch review and signing of documentation completed by other closers
- 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
- 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
- Bachelor’s Degree in Finance or related field
- Preferred familiarity with loan-based software (Loan IQ, ClearPar)
- Loan Trade Closing Experience
Work schedule
- This role requires full five days in office
This position is not eligible for H1B or Sponsorship
About Us
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
Skills Required
- 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 and knowledge of 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
- Ability to work five days in office (on-site)
- 4 years prior experience with syndicated loan settlements or trading operations
- Bachelor's Degree in Finance or related field
- Familiarity with loan-based software (Loan IQ, ClearPar)
- Loan trade closing experience
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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