JPMorgan Chase Commercial Bank - Trade Support Specialist, Secondary Loan Closer - WLS (Newark, DE) in Newark, Delaware
Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.
Wholesale Lending Services is part of the JPMorgan Chase Commercial Bank providing loan servicing support to multiple business units across the firm and around the world. The Operation provides loan documentation, closing and funding, payment and fee processing, syndication loan trade processing, credit administration, collateral perfection and management, customer service and reporting, and construction management.
Wholesale Loan Middle Office is a part of Wholesale Lending Operations that primarily supports the North America Credit Trading, Loan Total Return Swap and Syndicated Leverage Finance businesses within the Corporate and Investment Bank. The Trade Support Specialist role sits within the Loan Trading Documentation team responsible for primary and secondary trade closing support and Third Party Agency Review.
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 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 reporting to track the status of open items and measure risk
Bachelor’s degree or equivalent experience
Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
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
Interpersonal and Business Skills
Excellent oral and written communication skills
Excellent analytical and critical thinking skills
Ability to work in a fast paced, high pressure environment and prioritize workload efficiently
Ability to take initiative and self-motivate as well as work as part of a team
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.