Bank Loan Administration – Associate

Bank Loans is a niche and growing area of focus across the industry. You will be responsible for the oversight of offshore daily and monthly tasks, investigation of cash and position breaks and escalation to client, data collection for annual audit reviews and investigating unsubstantiated assets. This is an exciting opportunity to join an established team servicing global client.

Job Responsibilities

Bank Loan Servicing:

• SME, escalation and oversight for loan servicing activities such as Paydowns/Drawdowns, interest rate resets, payment in kind interest calculations, delayed compensation & economic benefit calculations, trade settlements / wire processing
• Escalation and SME for position & cash break investigation, partnering with offshore teams and clients in issue resolution
• Substantiating Monthly KPIs on relevant Governance forums
• Act as primary contact for the clients, regulatory bodies, internal and external auditors, downstream teams (NAV Ops/iMos) and ensure that queries/issues are resolved in a timely manner
• Work closely with JPM Onboarding team for management of new business and organic growth
• Develop a thorough knowledge of our client base and build relationships with Investment Managers and other related third parties
• Work closely with technology to perform user acceptance testing, for upgrades, and enhancements.
• On-going review of daily controls
• Root cause and corrective action identification for KPI themes

Required Qualifications, Capabilities and Skills

• Bachelor degree required; preferably Finance, Business Management, Accounting, or Economics
• Strong understanding of accounting principles.
• Strong analytical skills and strategic thinker with proven track record
• Superior interpersonal skills with an ability to effectively communicate with internal and external clients
• Excellent client service orientation and experience
• Ability to motivate staff and provide feedback when needed.
• Keen eye for detail, processes and deadline orientated
• A willingness to work hard and go beyond expectations
• Strong organisational skills, concern for quality & accuracy and working to strict deadlines

Preferred Qualifications, Capabilities and Skills

• Knowledge of the Bank Debt asset class, including Primary and Secondary market trading; some exposure to loan closing is preferred
• Knowledge of investment vehicles related to Bank Debt is a plus
• Leadership acumen

About us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

About the Team

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

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