At a Glance
- Tasks: Support traders and analysts in managing stressed risk commitments and handle client queries.
- Company: Join J.P. Morgan, a global leader in financial services with a focus on diversity and inclusion.
- Benefits: Gain valuable experience in a dynamic trading environment with opportunities for growth.
- Why this job: Be part of a team that drives impactful financial solutions in a fast-paced setting.
- Qualifications: Experience with syndicated loans and strong analytical skills are essential.
- Other info: Collaborate with diverse teams and develop your career in a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
The EMEA Leveraged Finance Trading business is part of the Corporate and Investment Bank's Global Credit Trading platform. The Loan Trading desk primarily operates as an intermediary, providing liquidity in syndicated loan commitment for its clients which include European banks, credit funds, CLO investors, hedge/distressed funds and private equity managers. It looks at opportunities across the credit spectrum, offering clients investment grade paper, special situations assets and instruments undergoing complex restructurings. The Loan Trading desk also operates as the distribution platform for syndicated loans newly issued by the bank and works closely with Debt Capital Markets and Acquisition and Leveraged Finance teams.
As a Vice President Trading Assistant within the EMEA Leveraged Finance Trading desk, you will provide support coverage to 5 traders, 9 sales personnel and 6 desk analysts and ensure the smooth running of the desk. You must be able to work on a trading floor environment as a team player and possess a keen commercial interest and analytical inquisitiveness. You will have experience of working with the loan product in stressed corporate situations and possess an ability to apply your commercial knowhow to what may seemingly be operational challenges. You will work well under pressure and be able to make quick decisions whilst multi-tasking.
Job responsibilities:
- Work with the Desk's traders and analysts to manage stressed risk commitments through a variety of corporate action events up to full balance sheet restructurings;
- Handle both credit specific and ad-hoc queries from traders, sales personnel and desk analysts;
- Assist the Desk's clients to understand the complexities of specific commercial situations with the help of its salespeople;
- Work with the Desk's legal and documentations teams to ensure trades and restructured lending positions are correctly documented;
- Be on hand to assist with queries from documentation, settlements and operational teams; including making trade amendments within the Bank's booking systems;
- Provide reporting to senior desk management on various aspects of the business including trading volumes and client activity;
- Affirm and enter executed loan, bond and equity trades into the relevant front office platforms where necessary;
- Ensure the Desk's daily risk activity is correctly reflected in the Bank's systems;
- Review and reconcile daily P&L reporting and investigate discrepancies;
- Ensure the relevant KYC and credit appetite are in place for each trade and seek approval where necessary.
Required qualifications, capabilities and skills:
- Experience working with the syndicated loan product, preferably in an operational capacity;
- A working knowledge of the equity and bond asset classes, including Clearing settlement;
- Strong mathematical and analytical skills with the ability to solve problems methodically;
- Accomplished Excel skills with transaction modelling and presentation experience;
- A working knowledge of Loan IQ.
Preferred qualifications, capabilities and skills:
- Previous experience in trading support or a portfolio management assistant role is preferable.
Global Credit Trading & Syndicate - EMEA Leveraged Finance Trading desk - Trading Assistant - V[...] employer: JPMorganChase
Contact Detail:
JPMorganChase Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Global Credit Trading & Syndicate - EMEA Leveraged Finance Trading desk - Trading Assistant - V[...]
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to the EMEA Leveraged Finance Trading desk. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of syndicated loans and trading operations. Show us you know your stuff and can handle the pressure of a trading floor!
✨Tip Number 3
Practice your analytical skills! We love candidates who can think on their feet. Try solving some real-world trading scenarios to demonstrate your problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at J.P. Morgan.
We think you need these skills to ace Global Credit Trading & Syndicate - EMEA Leveraged Finance Trading desk - Trading Assistant - V[...]
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that are relevant to the Trading Assistant role. Highlight any experience with syndicated loans or trading support, as this will catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the EMEA Leveraged Finance Trading desk and how your background makes you a great fit for the team.
Showcase Your Analytical Skills: Since the role requires strong analytical abilities, be sure to mention specific examples where you've successfully solved problems or managed complex situations in your previous roles.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at JPMorganChase
✨Know Your Products
Make sure you have a solid understanding of the syndicated loan product and its complexities. Brush up on how it operates in stressed corporate situations, as this will be crucial for your role. Being able to discuss specific examples or scenarios can really impress the interviewers.
✨Show Your Analytical Skills
Prepare to demonstrate your strong mathematical and analytical skills during the interview. You might be asked to solve problems on the spot, so practice methodical problem-solving techniques. Bring along examples of how you've used these skills in previous roles, especially in trading support or portfolio management.
✨Familiarise Yourself with the Trading Floor
Since you'll be working in a fast-paced trading environment, it's important to convey that you're comfortable in such settings. Share any past experiences where you thrived under pressure and made quick decisions. This will show that you can handle the demands of the role effectively.
✨Excel is Your Best Friend
Given the emphasis on Excel skills in the job description, make sure you're well-versed in transaction modelling and presentation. Be ready to discuss specific functions or tools you've used in Excel that relate to trading or financial analysis. This will highlight your technical proficiency and readiness for the role.