Job Information
JPMorgan Chase Trading Services Associate II Distressed Products in Newark, Delaware
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.
As a Trade Services Associate within the Distressed Loan and Special Product Support Team, you will have the opportunity to coordinate the execution of trade documents across multiple trading desks and lines of business. We are 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. In this role, you will work closely with the respective desk and legal counsel to move trades through the process of execution, providing you with a diverse and dynamic work 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
JPMorganChase, 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. 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