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Commercial Banking - Trade Support Specialist - Secondary Loan Closer - Wholesale Lending Services - Newark, DE

Req #: 170118152
Location: Newark, DE, US
Job Category: Operations
Job Description:
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, 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. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
 
Overview – Wholesale Lending Services
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 Services 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.
 
Key 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 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
Required
  • Bachelor’s degree or equivalent experience
  • Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
Preferred
  • 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

 

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