As a Middle Office Trading Services Associate (Bookrunner) in Interest Rates Exotics and Hybrids Middle Office, you support the trading desk by ensuring accurate trade capture, strong lifecycle controls, and timely risk and profit and loss insight. You work hands-on with a wide range of interest rate foreign exchange, and financing products, including complex derivatives, structured issuance activity, and repo. You partner closely with trading, sales support, market risk, valuation, quantitative teams, and operations to reduce operational risk and enable efficient markets activity. You help us deliver a strong control environment while continuously improving processes and reporting.
Job responsibilities
- Control accurate booking of trades in the risk management system
- Verify executed transactions against term sheets, sales recaps, and broker confirmations
- Perform daily reconciliations and investigate exceptions to resolution
- Monitor and manage trade lifecycle events, including rate fixings and other contractual events
- Review confirmation documentation for accuracy and resolve discrepancies
- Respond to trading desk queries on trade details, risk, and profit and loss drivers
- Analyze profit and loss and risk movements, and escalate issues with clear root-cause detail
- Produce risk exposure reporting for control and oversight partners
- Run ad-hoc scenario analysis to support desk decision-making and risk understanding
- Coordinate with downstream partners (settlement, collateral, and finance) to ensure timely processing
- Improve controls and workflows through process enhancements and targeted automation
Required qualifications, capabilities, and skills
- Demonstrated experience supporting trading activity in a middle office, trade support, or trading services environment
- Working knowledge of derivatives trade lifecycle processes, including booking, confirmations, and lifecycle events
- Understanding of interest rate and foreign exchange products, including linear and options-based structures
- Understanding of financing products, including vanilla and structured repo
- Ability to interpret trade economics and explain key profit and loss and risk drivers
- Working knowledge of risk concepts (for example delta, gamma, vega, theta) and how they impact exposures
- Strong control mindset with ability to follow and evidence a defined control framework
- Proven ability to investigate breaks, identify root causes, and drive issues to closure under time pressure
- Strong attention to detail and data quality discipline
- Effective written and verbal communication skills, with confidence engaging trading and control partners
- Working familiarity with regulatory reporting and controls relevant to derivatives markets (for example clearing and trade reporting requirements)
Preferred qualifications, capabilities, and skills
- Experience supporting exotic interest rate derivatives and structured issuance activity
- Experience producing or enhancing risk and exposure reporting for control partners
- Familiarity with scenario analysis and stress testing workflows used by trading desks
- Experience with workflow and data tools used for automation and analysis (for example Alteryx or Python)
- Exposure to model change testing, impact analysis, or validation support activities
- Experience partnering with quantitative, valuation, or model governance teams on control-related deliverables
Developing experience using AI-powered analytics, workflow automation, or intelligent process tools to drive efficiency gains, reduce manual effort, or improve accuracy in operational processes
Skills Required
- Demonstrated experience supporting trading activity in a middle office, trade support, or trading services environment
- Working knowledge of derivatives trade lifecycle processes, including booking, confirmations, and lifecycle events
- Understanding of interest rate and foreign exchange products, including linear and options-based structures
- Understanding of vanilla and structured repo financing products
- Ability to interpret trade economics and explain key profit and loss and risk drivers
- Working knowledge of risk concepts including delta, gamma, vega, and theta
- Ability to follow and evidence a defined control framework
- Ability to investigate breaks, identify root causes, and drive issues to closure under time pressure
- Strong attention to detail and data quality discipline
- Effective written and verbal communication skills with trading and control partners
- Working familiarity with regulatory reporting and controls relevant to derivatives markets
- Experience supporting exotic interest rate derivatives and structured issuance activity
- Experience producing or enhancing risk and exposure reporting for control partners
- Familiarity with scenario analysis and stress testing workflows used by trading desks
- Experience with workflow and data tools such as Alteryx or Python
- Exposure to model change testing, impact analysis, or validation support activities
- Experience partnering with quantitative, valuation, or model governance teams
- Developing experience using AI-powered analytics, workflow automation, or intelligent process tools
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.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
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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