Are you detail-oriented and passionate about finance? We are seeking a dedicated Loan Trading Documentation - Par & Distressed Loan Closer Associate to join our dynamic team.
As a Par & Distressed Loan Closer - Associate in the EMEA Loan Trading Documentation team, you will be part of the Corporate and Investment Bank's Global Credit Trading platform. You will manage the closing process for all privately issued loans, including second lien and mezzanine securities. In the case of distressed loans, you will handle successor or restructured instruments, including restructured equity. Our client base includes top European banks, credit funds, CLO investors, hedge funds, and private equity clients. You will serve these clients with opportunities ranging from Investment Grade to distressed and complex restructurings.
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Job responsibilities
- Works 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
- Understands, reviews and drafts LMA standard documents and other trade-related documents including confirms, assignment agreements, claims, proceeds letters, participation agreements, cash collateral agreements and multilateral agreements
- Coordinates with internal and external legal counsel to agree to proposed changes to trade documents
- Reviews and understands syndicated credit agreements with specific focus on transfer mechanics
- Manages a challenging trade portfolio across various lines of business while maintaining a healthy aging profile and driving reduced settlement times
- Identifies and escalates issues to the front office trading assistants / traders / sales people, internal legal counsel and operations management
- Escalates LMA trade confirmation issues, focusing primarily on key economics, language and fee-related disputes
- Works directly with counterparties, internal partners and external Agents to resolve issues
- Monitors, tracks and reports all escalated issues using appropriate workflow tools
- Coordinates timely and precise trade settlement with various settlement groups across WLO
- Performs trade-related calculations, including delayed compensation, cost of carry and benefit of commitment reductions
Required qualifications, capabilities, and skills
- 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
- Excellent oral and written communication skills and 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
- 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
Preferred qualifications, capabilities, and skills
- Knowledge of Loan IQ and ClearPar
- European language skills
ABOUT US
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.
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.
ABOUT THE TEAM
Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.
Operations teams develop and manage innovative, secure service solutions to meet clients' needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.