Join the Stock Borrow Loan team to support trade structures and enhance operational efficiency.
As a Trader Assistant in our Stock Borrow Loan (SBL) team, you will play a crucial role in supporting our trading desk, ensuring seamless trade execution, and driving process improvements. You will act as a key liaison between the trading desk and support teams, translating desk strategies into actionable operations. Your role will involve governance of trade fail activity, oversight of regulatory compliance, and collaboration with various infrastructure groups to support a unified team approach.
Job Responsibilities
- Provides close support to the trading desk, continuously seeking ways to enhance operational support
- Develops a comprehensive understanding of trading structures from both financial and operational perspectives
- Executes trade bookings accurately and timely, manages recalls, corporate actions, and trade lifecycle events
- Oversees SBL fail activity, conducting root cause analysis to improve outcomes
- Ensures compliance with SBL regulatory requirements through precise trade bookings
- Manages PB rehypothecations and short cover processes
- Maximizes the use of vendor services and drive performance improvements
- Collaborates with operations and infrastructure groups to foster a 'one team' approach
- Performs and sign off on all controls diligently and timely
- Communicates clearly with support teams to resolve queries efficiently
- Contributes to strategic initiatives, driving process improvements and innovation
Required Qualifications, Capabilities, and Skills
- In-depth understanding of the SBL product and trading structures
- Experience with front-to-back operations processes, including confirmations, settlements, and regulatory reporting
- Knowledge of infrastructure groups (Finance, Market Risk, Credit Risk, etc.) and their interaction with the Trader Assistant team
- Strong communication skills for collaborative work and effective stakeholder management
- Attention to detail and a strong sense of ownership
- Ability to work effectively in a pressurized and changing environment
- Strong organizational skills to prioritize tasks and balance speed with accuracy
- Analytical and numerical proficiency
- Problem-solving, control, and project management skills
Preferred Qualifications, Capabilities, and Skills
- Experience in a similar role within a financial institution
- Familiarity with innovative tools and vendor solutions in trade operations
- Technical skills, particularly in Excel; experience with Alteryx/Tableau is a plus
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. 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.
About the Team
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.
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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