Loan Trading Documentation – Par & Distressed Loan Closer/Associate - London

Job description

About J.P. Morgan Corporate & Investment Bank J.P. Morgan's Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. About J.P. Morgan Chase & Co. J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, J.P. Morgan 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 J.P. Morgan Chase & Co. is available at www.jpmorganchase.com .Wholesale Loan Operations (WLO) services several lines of businesses within JPMorgan Chase, including Business Banking, Global Wealth Management, Investment Banking and Commercial Banking. The group consists of approximately 1,300 employees and is responsible for over $500 billion in loans outstanding. Wholesale Loan Middle Office is a part of WLO and provides global end-to-end loan origination, servicing, restructuring and trading support. Services are tailored to the needs of the client and Lines of Business, ranging from bilateral to large syndicated loan agreements. Services provided include Loan Origination; Deal Closing & Funding; Documentation Review; Core Loan Servicing; Loan Closing & Trade Settlement. 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, North America and Asia ·Understanding, reviewing and drafting LMA standard documents and other trade-related 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 fee-related 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 trade-related 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 non-BAU projects and initiatives designed to improve automation and strengthen the team's control environment

Desired profile

·Extensive knowledge of the LMA market to include bankruptcy and restructurings; experience in distressed closings is essential ·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 ·Self-motivation 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