Trading Services Associate

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Job Summary:

As the Associate Documentation Closer, you will be responsible for secondary trade closing review and signing.

Your role is a crucial part of the Wholesale Loan Middle Office, a division of Wholesale Lending Services, which primarily supports the North America Credit Trading, and Syndicated Leverage Finance businesses within the Corporate and Investment Bank.

Job responsibilities:


* Working with the trading desk, clients, counsel and operations to settle complex secondary loan trades; Inventory tracking, Participation Drafting, PIK Events


* Drafting, reviewing and understanding both Loan Syndications and Trading Association (LSTA) Standard and other legal documents including Trade Confirms, Assignment Agreements, Purchase and Sale Agreements & LSTA Standard Participations


* Completing two-touch review and signing of documentation completed by other closers


* Reviewing and coordinating with internal and external counsel on proposed changes to legal documents


* Reviewing and understanding Credit Agreements and other relevant trade documentation


* Managing a heavy trade portfolio across all various lines of business while maintain a clean aging profile


* Identifying and escalating issues to the Trading Assistants & traders, in-house legal counsel and management, when necessary (Focus on key economic, language and fee-related disputes)


* Working directly with counterparts and internal partners in issue resolution


* Monitoring/tracking/reporting of all escalated issues using appropriate workflow tools


* Reporting to senior management for open trades and trading metrics is required

Required qualifications, capabilities, and skills:


* 2 years prior experience with syndicated loan settlements or trading operations


* Extensive knowledge of the trade lifecycle and/or experience supporting a trading business


* Experience with LSTA standard documentation, knowledge of the LSTA Standard Terms and Conditions


* Strong Computer Skills : in particular Excel, Word and PowerPoint


* Extremely detail-oriented


* Excellent analytical skills


* Excellent oral and written communication skills


* Self-motivated with a track record of initiative

Preferred qualifications, capabilities, and skills:


* 4 years prior experience with syndicated loan settlements or trading operations


* Bachelor's Degree in Finance or related field


* Preferred familiarity with loan-based software (Loan IQ, ClearPar)


* Loan Trade Closing Experience

Work schedule


* This hybrid role requires going into the office three days a week with two days' flexibility to work from home, subject to change

This position is not eligible for H1B or Sponsorship

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