Commercial Banking - Distressed Loan and Special Product Support Team Lead - Wholesale Loan Operations - Brooklyn, NY - JPMorgan Chase - Brooklyn, NY

Commercial Banking - Distressed Loan and Special Product Support Team Lead - Wholesale Loan Operations - Brooklyn, NY - JPMorgan Chase - Brooklyn, NY -

–

160066771

Job Description

J.P. Morgan is a number one international funding bank with one of many largest shopper bases on the earth. The Wholesale Loan Operations (WLO) workforce of J.P. Morgan providers a number of strains of companies inside the agency, together with the Company and Funding Financial institution, Commercial Financial institution, Enterprise Banking and International Wealth Administration. The group consists of roughly 1,300 staff worldwide and is liable for over $500 billion in loans excellent. The Distressed Loan and Special Product Support Team inside WLO’s Center Workplace group helps the North America Credit score Buying and selling desk inside the Company and Funding Financial institution with their distressed mortgage, fairness and bond trades, commerce claims and different specialised non-mortgage merchandise.

The Distressed Loan and Special Product Support Team is liable for a lot of features in help of this commerce exercise together with however not restricted to: liaising with entrance workplace, sales assistants, commerce help, again workplace settlements, inventory document, authorized, compliance, finance, accounting, switch brokers and counterparties; drafting, reviewing and executing authorized paperwork together with Commerce Confirms, Task Agreements, Buy and Sale Agreements, Proceeds Letters, participation agreements, Inventory Powers, Officers Certificates, and Proof of Transfers; sustaining a distressed stock; reviewing and understanding Credit score Agreements and Safety Agreements; sustaining a pipeline of upcoming distressed debt restructurings, scripting and coordination of distressed debt restructurings, dealing with of submit restructuring distributions (analysis, reconciliation, monitoring, making claims and coordinating funds due out); and producing numerous compliance and regulatory reporting

The Distressed Loan and Special Product Support Team Lead ought to be a demonstrated chief with a robust background in operations, able to main a workforce of Distressed Closers and Restructuring Support Associates, whereas delivering towards Agency and departmental aims. The staff lead can also be liable for serving to to create and implement the path and technique for the staff, partnering with enterprise companions and mortgage operations companions to agree on system enhancements, in addition to figuring out tactical efficiencies using the prevailing assets. A robust give attention to employees, teambuilding and management is required.

Distressed Team Lead Main Duties embrace:
Main a group of three Distressed Closers and 1 Restructuring Support Affiliate and actively creating workforce members

Aiding in constructing out workforce construction and figuring out optimum workflows

Creating and implementing operational plan, insurance policies and procedures to help the long run strategic enterprise aims and operational finances

Appearing as escalation contact for difficulty decision

Constructing partnerships and facilitating coordination with different departments to make sure a clean and environment friendly workflow

Creating and sustaining metrics to watch quantity, controls, dangers and points

Main and contributing to tasks that enhance efficiencies and controls

Qualifications

Qualifications

Undergraduate diploma plus four-6 years related work expertise.

Prior management expertise most popular

In depth information of the Loan product, Syndicated Loan enterprise, Distressed Markets, LSTA requirements, commerce clams and equities, bankruptcies and restructurings

Information of LoanIQ a plus

Demonstrated understanding of monetary providers, particularly inside Funding Banking,

Means to thrive in a quickly altering surroundings

Crucial choice-making talents together with the potential to determine, escalate, and suggest options to points and challenges

Self-motivation and demonstration of initiative to simply accept new assignments and challenges; means to encourage others

Wonderful analytical expertise

Wonderful oral and written communication expertise

Extremely organized

Management focus

Robust PC Expertise: particularly Excel, Phrase and PowerPoint

JPMorgan Chase is an equal alternative and affirmative motion employer Incapacity/Veteran.

Job

Gross sales/Buying and selling/Analysis

Main Location

US-NY-Brooklyn-four Chase Metrotech Ctr / 03357

Group

COMMERCIAL BANK

Schedule

Full-time

Job Sort

Commonplace

Shift

Day Job

Company Model

J.P. Morgan

Source: https://www.businessnetworkingorangecounty.com/commercial-banking-distressed-loan-and-special-product-support-team-lead-wholesale-loan-operations-brooklyn-ny-jpmorgan-chase-brooklyn-ny/