Trading Services [Multiple Positions Available]

JPMorgan Chase & Co.•New York, NY

9d•Onsite

About The Position

This role provides operational support for interest rate derivative trades, ensuring accuracy in Markitwire and TradeAgent submissions and volumes across all interest rate derivatives products and sub-product types. The position involves identifying and monitoring system or application failures that impede the straight-through process until resolution. Adherence to all trade processing controls and regulatory requirements, including checkpoints, is essential. The role requires prompt responses to inquiries from marketers and clients, and escalation of problematic trades to Sales, Middle Office, and Operational Management as needed. This position serves as the primary point of contact for queries from various internal teams and external entities. A key responsibility includes onboarding clients to the preferred electronic matching utility. Collaboration with stakeholders across operations, technology, risk, compliance, and front office is crucial for defining scope, aligning priorities, and ensuring timely delivery of new sales-trading workflows and system implementations. The role also involves developing standard operating procedures (SOP) for all processes and controls to facilitate effective handover among teammates. Staying informed about market trends and key economic dates is necessary to provide appropriate coverage and support to the front office.

Requirements

Bachelor's degree in Economics, Finance, or related field of study.
3 years (36 months) of experience in the job offered or as Trading Services Associate, FX Trader Support Analyst, or related occupation.
Experience with processing Cleared Products, including Mandated to Clear (MTC) requirements.
Experience using Swap Execution Facilities (SEF) for Derivative Products.
Experience 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.
Experience analyzing and optimizing front-to-back trade life cycle flow for Rates Derivatives Products, ensuring compliance with regulatory requirements.
Experience calculating and assessing risk components and relative calculations for Derivatives Products.
Experience evaluating and ensuring compliance with Commodity Futures Trading Commission (CFTC) and European Securities and Markets Authority (ESMA) reporting eligibility for Derivative Products.
Experience assessing Non-Cleared Margin Requirements (NCMR) and evaluating clients and products for initial and variation margins using regulatory guidelines.
Experience utilizing Markitwire Portal, Markitwire and DMS for trade processing, product eligibility, trade details, and product standard conventions.
Experience applying the International Swaps and Derivatives Association (ISDA) framework to manage and document derivatives transactions.
Experience analyzing Interest Rate Products, both over-the-counter (OTC) and exchange-traded products (ETP), including economic differences, valuations, coupon calculations, and risk assessments.
Experience managing and ensuring compliance with Central Counterparty Clearing Houses (CCP) requirements, including London Clearing House (LCH) and Chicago Mercantile Exchange (CME) standards.

Responsibilities

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.