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Trade Support Associate
Greater London
Full time
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 Trading Services Associate within the Loan Trading Documentation team, you will be responsible for secondary trade closing support. Wholesale Loan Middle Office is a part of Wholesale Lending Services that primarily supports the European 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 a trade portfolio across various lines of business while maintaining a clean aging profile
- Review Loan Market Association (LMA) 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 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 LMA standard documentation, knowledge of the LMA 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