What are the responsibilities and job description for the Trading Services [Multiple Positions Available] position at JPMorganChase?
Description
JOB DESCRIPTION
Duties: Provide operational support for interest rate derivative trades. Ensure accuracy in Markitwire and TradeAgent submissions and volumes across all interest rate derivatives products and sub-product types. Identify and monitor any system or application failures that prevent the normal straight-through process from being completed until resolved. Adhere to all trade processing controls and regulatory requirements, including start, intraday, and end-of-day checkpoints. Respond promptly to requests and queries from marketers or clients. Escalate problematic trades to Sales, Middle Office, and Operational Management as necessary. Serve as the primary point of contact for queries from marketers, clients, and internal teams, including Risk Middle Office, Reference Data Team, Confirmations, DTCC, Settlements, Valuations, Collateral, Legal, Credit, and Audit. Onboard clients to the preferred electronic matching utility. Collaborate with stakeholders across operations, technology, risk, compliance, and front office to define scope, align priorities, and ensure timely delivery of new sales-trading workflows and system implementations. Develop standard operating procedures (SOP) for all processes and controls to facilitate proper handover among teammates. Stay informed about market trends and key economic dates to provide appropriate coverage and support to the front office.
Qualifications
Minimum education and experience required: Bachelor's degree in Economics, Finance, or related field of study plus 3 years (36 months) of experience in the job offered or as Trading Services Associate, FX Trader Support Analyst, or related occupation.
Skills Required: This position requires experience with the following: processing Cleared Products, including Mandated to Clear (MTC) requirements, using Swap Execution Facilities (SEF) for Derivative Products; documenting Derivatives life-cycle events, including legal representation and documentation of life-cycle events, using industry-standard tools and frameworks such as Markitwire and the International Swaps and Derivatives Association (ISDA) documentation standards; analyzing and optimizing front-to-back trade life cycle flow for Rates Derivatives Products, ensuring compliance with regulatory requirements; calculating and assessing risk components and relative calculations for Derivatives Products; evaluating and ensuring compliance with Commodity Futures Trading Commission (CFTC) and European Securities and Markets Authority (ESMA) reporting eligibility for Derivative Products; assessing Non-Cleared Margin Requirements (NCMR) and evaluating clients and products for initial and variation margins using regulatory guidelines; utilizing Markitwire Portal, Markitwire and DMS for trade processing, product eligibility, trade details, and product standard conventions; applying the International Swaps and Derivatives Association (ISDA) framework to manage and document derivatives transactions; analyzing Interest Rate Products, both over-the-counter (OTC) and exchange-traded products (ETP), including economic differences, valuations, coupon calculations, and risk assessments; managing and ensuring compliance with Central Counterparty Clearing Houses (CCP) requirements, including London Clearing House (LCH) and Chicago Mercantile Exchange (CME) standards.
Job Location: 1230 Avenue Of The Americas, New York, NY 10020.
Full-Time. Salary: $100,000 - $110,000 per year.
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 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.
JOB DESCRIPTION
Duties: Provide operational support for interest rate derivative trades. Ensure accuracy in Markitwire and TradeAgent submissions and volumes across all interest rate derivatives products and sub-product types. Identify and monitor any system or application failures that prevent the normal straight-through process from being completed until resolved. Adhere to all trade processing controls and regulatory requirements, including start, intraday, and end-of-day checkpoints. Respond promptly to requests and queries from marketers or clients. Escalate problematic trades to Sales, Middle Office, and Operational Management as necessary. Serve as the primary point of contact for queries from marketers, clients, and internal teams, including Risk Middle Office, Reference Data Team, Confirmations, DTCC, Settlements, Valuations, Collateral, Legal, Credit, and Audit. Onboard clients to the preferred electronic matching utility. Collaborate with stakeholders across operations, technology, risk, compliance, and front office to define scope, align priorities, and ensure timely delivery of new sales-trading workflows and system implementations. Develop standard operating procedures (SOP) for all processes and controls to facilitate proper handover among teammates. Stay informed about market trends and key economic dates to provide appropriate coverage and support to the front office.
Qualifications
Minimum education and experience required: Bachelor's degree in Economics, Finance, or related field of study plus 3 years (36 months) of experience in the job offered or as Trading Services Associate, FX Trader Support Analyst, or related occupation.
Skills Required: This position requires experience with the following: processing Cleared Products, including Mandated to Clear (MTC) requirements, using Swap Execution Facilities (SEF) for Derivative Products; documenting Derivatives life-cycle events, including legal representation and documentation of life-cycle events, using industry-standard tools and frameworks such as Markitwire and the International Swaps and Derivatives Association (ISDA) documentation standards; analyzing and optimizing front-to-back trade life cycle flow for Rates Derivatives Products, ensuring compliance with regulatory requirements; calculating and assessing risk components and relative calculations for Derivatives Products; evaluating and ensuring compliance with Commodity Futures Trading Commission (CFTC) and European Securities and Markets Authority (ESMA) reporting eligibility for Derivative Products; assessing Non-Cleared Margin Requirements (NCMR) and evaluating clients and products for initial and variation margins using regulatory guidelines; utilizing Markitwire Portal, Markitwire and DMS for trade processing, product eligibility, trade details, and product standard conventions; applying the International Swaps and Derivatives Association (ISDA) framework to manage and document derivatives transactions; analyzing Interest Rate Products, both over-the-counter (OTC) and exchange-traded products (ETP), including economic differences, valuations, coupon calculations, and risk assessments; managing and ensuring compliance with Central Counterparty Clearing Houses (CCP) requirements, including London Clearing House (LCH) and Chicago Mercantile Exchange (CME) standards.
Job Location: 1230 Avenue Of The Americas, New York, NY 10020.
Full-Time. Salary: $100,000 - $110,000 per year.
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 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 : $100,000 - $110,000