Trading Services Associate - OTC Derivatives

Posted 11 Hours Ago
Be an Early Applicant
Mumbai, Maharashtra, IND
Hybrid
Junior
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Support trade lifecycle from order entry to settlement for OTC derivatives: capture transactions, run intraday/EOD reconciliations, prepare management reports, support ISDA/Dodd-Frank processes, drive process improvements, mentor junior staff, and collaborate with operations and infrastructure teams to ensure control and efficiency.
Summary Generated by Built In
Are you ready to elevate your career in a fast-paced, innovative environment? You will have the opportunity to utilize and keep developing your skills while contributing to a team that values growth and collaboration. Join us and be part of a company that supports your professional journey and offers exciting challenges.
As a Trading Services Associate I 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 
  • Prepare and analyze trading reports for management review, actively participating in team meetings and contributing to strategic discussions. 
  • Assist in training and mentoring junior team members, fostering a collaborative and growth-oriented environment. 
  • Manage ad-hoc projects and tasks as assigned, demonstrating adaptability and a proactive approach to addressing emerging needs. 
  • Create and accurately capture of all transactions in the Risk Management Systems
  • Support the Dodd Frank and ISDA legal documentation processes 
  • Act on intraday/end-of-day processes including completeness and reconciliation checks to ensure capture of new trading activity and general book management has been processed accurately
  • Work closely with Operations functions and infrastructure groups to support a ‘one team approach’
  • Confirm all controls are diligently performed, completed, and signed-off on a timely basis
  • Create clear and concise communication with all support teams to ensure the timely and efficient resolution of queries
  • Participate and contribute to the various strategic initiatives; keep improving and evolving processes and business architecture
  • Build an in-depth understanding of all trading structures from both a financial and operational perspective

Required Qualifications, Skills and Capabilities:

  • Understand all relevant derivatives and hedging products (Interest Rate Swaps, Basis Swaps, Cross Currency swaps, Forward Rate Agreement (FRA), Foreign Exchange (FX), Zero Coupon and Overnight Index Swaps (OIS), Bond and Futures)
  • Knowledge of the front to back Operations process (including the key elements such as ISDA & Dodd Frank documentation and confirmations, settlements, regulatory reporting) and facilitate issue resolution across teams
  • Understand the key elements of other infrastructure groups (i.e. Finance, Market risk, Credit risk, Operational risk, Legal, Collateral etc.) and recognize the impact of the actions of the Trade support team on these areas
  • Must have clear communication skills and an ability to use these to work collaboratively, explain, and challenge, as appropriate
  • Attention to details and sense of ownership. Great team player able to work in a pressurized and changing environment
  • Possess strong analytical and numerical skills
  • Strong problem-solving, control, and project management skills

Preferred Qualifications, Skills and Capabilities:

  • 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. 
  • Strong technical skills, with a focus on Excel (VBA is a plus), Intelligent Solutions (Alteryx, Tableau), Python and AI knowledge is a plus
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 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 TeamJ.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.​

Skills Required

  • Knowledge of OTC derivatives and hedging products (Interest Rate Swaps, Basis Swaps, Cross Currency Swaps, FRA, FX, OIS, Bonds, Futures).
  • Knowledge of front-to-back operations processes including ISDA and Dodd-Frank documentation, confirmations, settlements, and regulatory reporting.
  • Experience capturing transactions and maintaining Risk Management Systems, including intraday and end-of-day processes and reconciliations.
  • Ability to prepare and analyze trading reports and present insights to senior management.
  • Clear communication skills and ability to collaborate, explain, and challenge appropriately across teams.
  • Attention to detail, sense of ownership, and ability to work effectively in a pressurized and changing environment.
  • Strong analytical and numerical skills.
  • Strong problem-solving, control, and project management skills.
  • Understanding of the roles and impact of related infrastructure groups (Finance, Market Risk, Credit Risk, Operational Risk, Legal, Collateral).
  • Proficiency with trading platforms and trading software.
  • Advanced Excel skills; VBA is a plus.
  • Experience with Intelligent Solutions such as Alteryx and Tableau.
  • Python and AI knowledge (plus) and broader digital literacy for adopting innovative technologies.
  • Understanding of regulatory requirements in the trading industry (preferred).

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 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.
  • 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.
  • 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

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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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