Senior Associate- Trading Venues Cost Optimization

Posted 18 Hours Ago
Be an Early Applicant
2 Locations
Hybrid
Senior level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Analyzes trading and brokerage data to identify venue costs and savings opportunities across global asset classes. Develops automation strategies, dashboards, and management information systems; presents insights to business leaders; supports brokerage negotiations and rate-card development. Coordinates cross-functional stakeholders, evaluates scenarios and risks, manages relationships, and coaches team members while driving process improvements and operational efficiency.
Summary Generated by Built In
Embark on a rewarding and challenging career as a Business Analysis Associate II with our dynamic team. You'll have the opportunity to make a significant impact by supporting process improvements, key initiatives and expanding your creative skills in a supportive and collaborative environment. Join us and contribute to our mission while advancing your career.

As a Business Analysis Associate II within Trading Venue Cost Optimization, you will be a part of a group of specialized individuals within “Cost and Commission Services” (CCS) group, working on the mandate of optimizing our BCE cost. You will work with trading desk across all the asset classes, eg. Equities, Interest Rates, Foreign Exchange, Credit, Commodities, and cover all the countries in North America (NAMR) and Latin America (LATAM), and often partnering with colleagues in other regions. Additionally, you will analyze trading data, collaborate with stakeholders, and help shape the future of cost management. You will be empowered to drive change, innovate, and make a measurable impact on the business.
 
Job responsibilities
  • Analyze and interpret complex data sets from varied sources, utilizing advanced data analytics skills to uncover patterns and provide insightful reporting in support of operational and strategic initiatives.
  • Develop and implement automation strategies, leveraging systems architecture knowledge to optimize processes and drive efficiency within the department.
  • Coordinate cross-functional collaboration, working effectively with diverse teams across the organization to align efforts, share knowledge, and drive the successful implementation of business strategies.
  • Utilize strategic thinking to evaluate potential scenarios, assess risks, and make informed decisions that have a direct impact on departmental outcomes.
  • Provide coaching to team members, empowering them to take ownership of their work while ensuring objectives are met efficiently and effectively.
  • Understand trading venues and their relationships with JPMorgan’s trading desks
  • Analyze large trading and brokerage data to identify costs and cost-saving opportunities
  • Present data analysis findings to global teams and business managers
  • Support brokerage negotiations and draft rate cards
  • Assist with MIS design and dashboard management (Tableau)
  • Manage internal and external stakeholders
 
Required qualifications, capabilities, and skills
  • Demonstrated ability to conduct data analysis with a focus on uncovering patterns and providing insightful reporting, showcasing expertise equivalent to 3+ years of experience.
  • Demonstrated proficiency in developing and implementing automation strategies, with a strong understanding of systems architecture.
  • Proven ability to coordinate cross-functional collaboration, with experience in working with diverse teams across an organization.
  • Advanced strategic thinking skills, with a track record of evaluating potential scenarios, assessing risks, and making informed decisions.
  • Experience in providing coaching and delegation to team members, with a focus on empowering individuals and ensuring efficient achievement of objectives.
  • Provide quality service to customers through continuous communication.
  • Understand software delivery lifecycle and have skills in industry standard methodologies and related tasks.
  • Minimum 6 years’ experience in Financial Services
  • Advanced analytical skills; proficient in MS Office (Excel, PowerPoint)
  • Strong understanding of OTC traded products and trading venues
  • Excellent English communication, negotiation skills, and integrity
 
Preferred qualifications, capabilities, and skills
  • Capability to leverage artificial intelligence and AI tools to enhance data analysis, uncover business trends, and provide actionable insights for strategic decision-making.
  • Proficiency in implementing automation solutions to streamline business processes and improve operational efficiency.
  • Expertise in applying customer service and conflict management skills to understand client needs, resolve stakeholder issues, and facilitate effective collaboration.
  • Ability to craft clear and effective prompt writing to guide data analysis and ensure consistent outcomes.
  • Ability to contribute to a collaborative work environment by sharing knowledge and supporting team initiatives.
  • Competence in technology/process release management, with proficiency in using software applications, digital platforms, and other technological tools to solve problems and improve processes.
  • Strong presentation skills, existing relationships with trading venues in the Americas, basic understanding of trading flows/products/costs, and familiarity with SQL queries are all beneficial
About Us
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the TeamJ.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. 

Skills Required

  • 3+ years of experience conducting data analysis and producing insightful reporting
  • Experience developing and implementing automation strategies
  • Understanding of systems architecture
  • Experience coordinating cross-functional collaboration
  • Advanced strategic thinking, scenario evaluation, risk assessment, and decision-making skills
  • Experience providing coaching and delegation to team members
  • Ability to provide quality customer service through continuous communication
  • Understanding of software delivery lifecycle and industry-standard methodologies
  • Minimum 6 years of experience in financial services
  • Advanced analytical skills
  • Proficiency in Microsoft Office, including Excel and PowerPoint
  • Strong understanding of OTC traded products and trading venues
  • Excellent English communication, negotiation skills, and integrity
  • Ability to use artificial intelligence tools to enhance data analysis
  • Proficiency implementing process automation solutions
  • Customer service and conflict management skills
  • Prompt-writing skills for data analysis
  • Technology and process release management experience
  • Strong presentation skills and relationships with trading venues in the Americas
  • Basic understanding of trading flows, products, and costs
  • Familiarity with SQL queries

JPMorganChase Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.

  • Healthcare Strength — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
  • Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
  • Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.

JPMorganChase Insights

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The Company
HQ: New York, NY
289,097 Employees
Year Founded: 1799

What We Do

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.

Why Work With Us

Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.

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