Job Description
Embark on a rewarding career journey with us as a Trading Services Associate. This role offers a unique opportunity to support the Leveraged Finance business, providing operational input and coordination during the origination, allocation, and closing of credit agreements. Join a team that values growth, collaboration, and innovation, and be part of a company that invests in your professional development.
As a Trading Services Associate within the Loan Trading Documentation team, you will play a crucial role in supporting the Leveraged Finance business. You will work closely with the Debt Capital Markets team and the Syndication Desk, ensuring seamless coordination and booking of primary syndication allocations. Your contributions will directly impact the efficiency and success of our primary syndication business, fostering a collaborative and dynamic team culture.
Job responsibilities
- Support the Leveraged Finance business through the coordination and booking of primary syndication allocations as well as perform middle office functions in support of the primary syndication business.
- Coordinate, track and ensure all required responsibilities related to primary delayed comp rules are completed prior to trigger dates
- Build and populate deals into Primary One for both institutional and pro-rata loans
- Extract and create lender lists from internal systems rolled up at the parent level
- Assist in tracking cashless roll and amendment vote trackers
- Coordinate with syndicate/capital markets on allocation mechanics for institutional allocations
- Create final allocation trackers to be distributed to the company, bookrunners and back office
- Input and Submit Client Value Reference Data into the sales systems for all Institutional Leveraged transactions
- Resolve trade disputes and discrepancies on any primary syndication
- Input and Track all excess and Secondary Loan Trading buyback trades
Required qualifications, capabilities, and skills
- Bachelor's degree or 4 years relevant operations experience within Syndicated Loan Space
- Understanding of Loan Syndications and Trading Association (LSTA) standard terms and conditions particularly around delayed compensation rules
- Familiarity with loan-based software (LoanIQ, ClearPar)
- Knowledge of the Loan product / Syndicated Loan business, including an understanding of a credit agreement, LSTA standard documentation, loan funding mechanics, deal structure, ticking fees, funds flows, etc
- Thorough understanding of the trade lifecycle and experience supporting Credit Trading and Debt Capital Markets
- Excellent analytical and critical thinking skills
- Ability to professionally communicate verbally and through written communication
- Ability to work effectively across groups within the organization
- Strong focus on control and process improvement
- Understanding and application for Microsoft Office Suite (Excel, PowerPoint, Word)
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
