What are the responsibilities and job description for the Associate I - Special Equities Trade Support Middle Office position at JPMorganChase?
Job Description
J.P. Morgan’s Special Equity Business is a complex business, supporting clients' needs in private and public dealings.
As a Client Service Associate within the Special Equities Middle Office team , you will join a team responsible for all operational aspects of the trade life cycle. This includes daily trade and fail monitoring / activities, client account management, timely resolution of client inquiries, ensuring accurate DTC activity/data, trade allocation, and multiple reconciliations. The team ensures timely and accurate settlement of corporate cash trading programs and block trading, including trades done under Rule 144A, Restricted Stock, Special Stock Programs and Private Investments. The Associate will perform UAT, Controls, Trade Support and Client Service. There will be extensive client, trader and sales interaction & therefore communication and partnership skills are extremely important.
Job Responsibilities
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 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.
J.P. Morgan’s Special Equity Business is a complex business, supporting clients' needs in private and public dealings.
As a Client Service Associate within the Special Equities Middle Office team , you will join a team responsible for all operational aspects of the trade life cycle. This includes daily trade and fail monitoring / activities, client account management, timely resolution of client inquiries, ensuring accurate DTC activity/data, trade allocation, and multiple reconciliations. The team ensures timely and accurate settlement of corporate cash trading programs and block trading, including trades done under Rule 144A, Restricted Stock, Special Stock Programs and Private Investments. The Associate will perform UAT, Controls, Trade Support and Client Service. There will be extensive client, trader and sales interaction & therefore communication and partnership skills are extremely important.
Job Responsibilities
- Assist Trading desk with daily activities
- Provide excellent client service in response to daily inquiries/issues.
- Ensure accuracy of client payments
- Trade booking/allocation
- Perform risk monitoring/reconciliation
- Perform fails reconciliation, Corporate Action Monitoring
- Coordinate and ensure settlement of DTC share deliveries and receives, including DRS, DWAC, and FOP settlement types
- Review Client Accounts/Position Management
- Bachelor's Degree
- 4 years experience in Finance Industry
- DTC settlement experience
- Proficient in Microsoft Office
- Attention to detail/process oriented
- Self Starter
- Team Player
- Exposure to Rule 144A/Non standard settling trades
- Market Operations Experience
- Self Starter
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 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.
Salary : $74,100 - $100,000