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Trading Services Associate

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JP Morgan Chase & Co.

12d ago

  • Job
    Full-time
    Junior & Mid Level
  • Banking & Finance
  • Mumbai

AI generated summary

  • You should understand derivatives, have front-to-back ops knowledge, strong communication and analytical skills, attention to detail, teamwork ability, and be proficient in Excel; VBA is a plus.
  • You will capture transactions, conduct reconciliations, collaborate with teams, ensure controls are met, communicate effectively, support initiatives, and understand trading structures deeply.

Requirements

  • 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 confirmations, settlements, and 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
  • Strong technical skills, especially in Excel (VBA is a plus)

Responsibilities

  • Timely and accurate capture of all transactions in the Risk Management Systems
  • Complete 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’
  • Ensure all controls are diligently performed, completed, and signed off on a timely basis
  • 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

FAQs

What is the main role of a Trading Services Associate?

The main role of a Trading Services Associate is to acquire, manage, and retain meaningful relationships while ensuring timely and accurate transaction capture, reconciliation checks, and control performance within trading structures.

What are the key qualifications required for this role?

Key qualifications include understanding relevant derivatives and hedging products, knowledge of the front-to-back operations process, strong communication skills, attention to detail, and strong analytical and problem-solving abilities.

What type of trading products should candidates be familiar with?

Candidates should be familiar with derivatives and hedging products such as Interest Rate Swaps, Basis Swaps, Cross Currency Swaps, Forward Rate Agreements (FRA), Foreign Exchange (FX), Zero Coupon and Overnight Index Swaps (OIS), Bond, and Futures.

Is technical proficiency required for this position?

Yes, strong technical skills, particularly in Excel, are preferred, and knowledge of VBA is a plus.

How important is teamwork in this position?

Teamwork is very important as the Trading Services Associate will work closely with Operations functions and infrastructure groups to support a collaborative approach.

What kind of environment can an employee expect in this role?

Employees can expect a pressurized and changing environment that requires strong problem-solving skills and the ability to adapt.

Does JPMorgan Chase & Co. support diversity and inclusion?

Yes, JPMorgan Chase & Co. values diversity and inclusion and is an equal opportunity employer, committed to providing reasonable accommodations for applicants and employees.

Are there opportunities for process improvement in this role?

Yes, the role involves participating and contributing to various strategic initiatives aimed at improving and evolving processes and business architecture.

What is the significance of communication in this position?

Clear and concise communication is crucial for ensuring timely and efficient resolution of queries with all support teams involved.

Will the Trading Services Associate have any direct interaction with clients?

While the primary focus is on internal processes and transactions, the role also involves acquiring and managing relationships which may include direct interaction with clients to deliver an outstanding experience.

JP Morgan Chase & Co.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.