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JPMorgan Par & Distressed Loan Closer – Associate 
United Kingdom, England, London 
215937522

25.06.2024

As a Par & Distressed Loan Closer - Associate in the Loan Trading team you will partner with the trading desk and external clients, legal counsel and operations to settle primary / secondary par and distressed loan trades across EMEA. You will work directly with counterparties, internal partners and external Agents to resolve issues.

Job responsibilities

  • 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
  • Monitors / tracks / reports of 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
  • Creates and understands key metrics reporting for front office teams; daily / weekly / monthly reporting of open / closed / new trade population
  • Works on non-BAU projects and initiatives designed to improve automation and strengthen the team’s control environment

Required qualifications, capabilities, and skills

  • Extensive knowledge of the LMA market to include bankruptcy and restructurings
  • 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

  • European language skills
  • Knowledge of Loan IQ and ClearPar
  • Experience in distressed closings