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Commercial Bank - Trade Support Specialist, Third Party Closer - WLS (Newark, DE)

Job Description

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 Lending Services Middle Office Overview:
 
WLS provides global end to end loan support including, but not limited to, Loan Origination, Deal Closing & Funding, Trade Confirmations, Closing & Settlements, Special Credit Services, and Syndicated/Agent Bank Booking and Servicing.
 
The Loan Trading Documentation Team within the WLS Middle Office primarily supports the North America Credit Trading, Loan Total Return Swap and Syndicated Leverage Finance businesses within the Corporate and Investment Bank and is responsible for primary and secondary trade closing support and Third Party Agency Review.
 
Position Summary:
 
This role is for Trade Support Specialist within the Loan Trading Documentation team. The Trade Support Specialists primary responsibility is the review, coordination and settlement of Third party assignments.
 
On-going Responsibilities:
  • Work with front office, clients, counsel and operations to settle third party assignments
  • Establish and maintain strong working relationships with clients/counterparts
  • Manage heavy trade portfolio across various lines of business while maintaining a clean ageing profile
  • Review LSTA standard documents and other legal documents
  • Review Credit Agreements, specifically assignability language
  • Identify and escalate issues to the front office, in-house legal counsel and management, when necessary.
  • Prepare daily/weekly MIS reporting to track the status of open items and measure risk
     
Qualifications  
  • 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
  • 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
Req #: 180049118
Location: Newark, DE US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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