Cb - Loan Trading Documentation Associate - London, United Kingdom - JPMorgan Chase Bank, N.A.

JPMorgan Chase Bank, N.A.

Verified Company

London, United Kingdom

6 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Loan Trading Documentation - Par & DistressedLoan Closer - Associate

Description

J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.

What is Wholesale Lending Services (WLS):

WLS contributes to the success of JPMorgan Chase by providing vital loan operations functions to key business units within our company.

These functions include:

Credit Administration
Loan documentation, closing and funding
Payment and fee processing
Syndication loan and trade processing
Collateral perfection and management
Customer service and reporting

WLS has approximately 2,500 employees based in North America, Europe, and Asia.

It has established strong internal partnerships across the various lines of business to ensure efficient service delivery to the firm's global client base.

WLS is responsible for the operational support of approximately 351,000 loans and $390 billion dollars in outstanding balances so far this year.

WLS supports businesses within JPMorgan Chase's Corporate and Investment Bank, Commercial Bank, Asset Management, and Consumer and Community Banking.

Secondary Loan Trading Business
The EMEA Loan Trading business is part of the Corporate and Investment Bank's Global Credit Trading platform.

The business trades all privately issued loans, including second lien and mezzanine securities and in the case of distressed loans any successor or restructured instruments including restructured equity.

Our client base includes the top European banks, credit funds, CLO investors, hedge funds and private equity clients. The desk serves each of these clients with opportunities from Investment Grade to distressed and complex restructurings.

Loan Trading Documentation - Par & Distressed Loan Closer position entails the following:

Working in a very dynamic environment and partnering with the trading desk, external clients, legal counsel and operations to settle primary / secondary par and distressed loan trades across EMEA
Understanding, reviewing and drafting LMA standard documents and other traderelated documents including confirms, assignment agreements, claims, proceeds letters, participation agreements, cash collateral agreements and multilateral agreements
Coordinating with internal and external legal counsel to agree to proposed changes to trade documents
Reviewing and understanding syndicated credit agreements with specific focus on transfer mechanics
Managing a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times
Identifying and escalating issues to the front office trading assistants / traders / sales people, internal legal counsel and operations management
Escalating LMA trade confirmation issues, focusing primarily on key economics, language and feerelated disputes
Working directly with counterparties, internal partners and external Agents to resolve issues
Monitoring / tracking / reporting of all escalated issues using appropriate workflow tools
Coordinating timely and precise trade settlement with various settlement groups across WLO
Performing traderelated calculations, including delayed compensation, cost of carry and benefit of commitment reductions
Creating and understanding key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population
Responsible for waiver and amendment monitoring for credits where necessary
Working on nonBAU projects and initiatives designed to improve automation and strengthen the team's control environment

Qualifications / Experience

Extensive knowledge of the LMA market to include bankruptcy and restructurings; experience in distressed closings would be particularly desirable
Subject matter expertise in relation to loan transfer documentation and loan settlements
Knowledge of Loan IQ and ClearPar preferred
Excellent oral and written communication skills
Excellent analytical skills
Selfmotivation with tangible examples of demonstrating drive and initiative
Highly organized
Extremely detailed and control orientated; keen to understand the detail
Ability to multitask efficiently under pressure and in a fast paced environment
Graduate calibre
Strong PC skills in particular Excel, Word and PowerPoint
Must be able to resolve issues on a daily basis
Must have excellent client service skills
European language skills desirable

J.P.

Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors.

Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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