JPMorgan Par & Distressed Loan Closer – Associate 

United Kingdom, England, London 

215937522

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