Trading Services Associate II
JPMorganChase
As a Trading Services Associate ll within JPMorganChase, you will play a pivotal role in the seamless execution of trade activities, from order entry to settlement. While still developing, your expertise in market products and understanding of automation technologies will be instrumental in optimizing our trading services. You will be expected to leverage your proficiency in change management and continuous improvement to enhance the efficiency and resilience of our operating platform. Your role will also allow you to keep developing your relationships with internal stakeholders, presenting insights to senior management, and driving process improvements. Your decisions will contribute and impact on short-term team and department goals, and you will often guide others in their work activities, contributing to the overall success of our trading services.
Job responsibilities
- Track remap negotiations, including but not limited to managing the expected demand for NMCR phase 2 (non-cleared margin).
- Ensure the team is organized and can accurately track and control newly signed and amended CSAs.
- Oversee the production team in Mumbai responsible for CSA discount curve mappings for each Line of Business.
- Execute the daily process to translate CSA information into discount curves and FCFs.
- Implement key controls over changes in CSA data and curve overrides.
- Maintain key controls on the data quality used in the CSA discount curve mapping process.
- Coordinate with multiple asset classes and effectively facilitate a global strategy. Accurately capture the impact of changes to a CSA from a PnL and risk perspective across multiple asset classes and businesses.
- Gather business requirements, perform detailed analysis, and produce associated functional specifications as required. Partner with Operations, Technology, and Front Office groups globally within JPM to define and implement new requirements.
- Mitigate risk by ensuring JP Morgan’s outstanding portfolio of trades is effectively controlled through various control and risk mitigation processes.
- Interact closely with senior experts from various teams and regions, including global Middle Offices, Technology, and Compliance, to resolve outstanding issues, involving significant facilitation and negotiation.
- Actively work with the global team and management to achieve both industry and internal targets.
- Minimum 12 years experience. Graduate or Post-Graduate with experience in Derivative Operations (Middle Office / Back Office) role
- Strong numerical, analytical, technical and problem solving skills.
- The role global in nature therefore will require strong communication skills and the candidate should be highly articulate in the English language.
- Attention to detail. Demonstrates willingness to deep dive into an issue or problem to establish and address root cause.
- Drive and motivation: successfully handles and prioritizes multiple tasks, takes initiative and leads to improve own and team’s performance, works intensely towards extremely challenging goals and persists in the face of obstacles.
- Strong team player- effectively collaborates with others both locally and globally.
- Creativity/Innovation- leads by example to challenge status quo and looks for new ways to improve current processes and procedures. Develop creative solutions that are grounded in reality and have practical value.
- Proficiency in trading platforms and software, demonstrating the ability to effectively navigate and optimize these tools.
- Understanding of regulatory requirements in the trading industry, ensuring compliance and adherence to industry standards.
- Capability to leverage digital literacy for adopting and integrating innovative technologies, enhancing trade services and operational efficiency.
- Skill in utilizing AI and machine learning to enhance trade service processes, driving improved decision-making and data-driven insights.
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Join our team as a Trading Services Associate and contribute to driving impactful solutions in a dynamic environment.