Trade Support Associate I

Trade Support Associate I

You have strong product knowledge on a range of Structured Products under various asset classes (Equity Derivatives, FX, and Commodities), with excellent attention to detail. This is the team for you.

As a Trade Support Associate I within the Trading Services team at JPMorganChase, you will be provided the opportunity to gain invaluable insights into Investment Bank Middle Office operations and related systems across a wide range of asset classes, with unique exposure to Front, Middle and Back Office teams, other internal stakeholders (Treasury, Legal, Compliance & Technology) and external agents. It also presents an excellent platform for leveraging the knowledge and expertise gained through related roles such in marketing support, trader assistant, trade support, or projects, among others.

In this role you will be responsible for key tasks that include (but are not limited to) supporting the Equity Derivative Structured Products Desks in North America, covering both sales and trading for the exotic business lines. You will facilitate trade bookings, queries on various structured trades, validating the economic integrity of the trades, ensuring settlement, client set-up is complete, all secondary buybacks formalities are actioned and facilitation of pricing (Bloomberg etc.). You will also work with Sales to provide pre-trade approvals on new structured, ensuring clients are on-boarded correctly and ensure all pre-trade formalities are completed prior to issue date.

Job responsibilities

• Support the Equity Derivative Structured Products Desks in North America, covering both sales and trading for the exotic business lines. Daily tasks include facilitating trade bookings, queries on various structured trades, validating the economic integrity of the trades, ensuring settlement, client set-up is complete, all secondary buybacks formalities are actioned and facilitation of pricing (Bloomberg etc.).
• Work with sales to provide pre-trade approvals on new structured, ensuring clients are on-boarded correctly and ensure all pre-trade formalities are completed prior to issue date.
• Prepare various calculations on structured trades (cross asset class) for expiries, coupons, physical pay-offs and drafting fixing notices for custodians. Calculations are calculated using term sheets, confirmations and models built in excel pulling in data from Bloomberg and various data sources.
• Place trade capture of Structured Products into various front office systems.
• Work on projects to reducing manual labor, increase controls and mitigated risk of input errors.
• Identify, implement and support efforts to drive down manual work per trade, and work with other JPMorganChase teams in reducing costs within the middle office by taking advantage of our low-cost centers.
• Drive the future state of the Structured Products business - improve daily processes to cut down on manual tasks, reduce risks, increase controls and assist in all new business activities.

Required qualifications, capabilities, and skills

• Minimum 1 year experience with Trade support (Equity Derivatives, FX, Commodities etc.).
• Strong product knowledge on a range of Structured Products under various asset classes (Equity Derivatives, FX, Commodities etc.).
• Bachelors degree in Finance or Economics, but open to other majors.
• Knowledge of financial markets / products, especially derivatives.
• Excellent attention to detail, with a control mind set.
• Time Management skills with the ability to prioritize effectively and to be able to work under pressure in an ever changing and evolving environment while not compromising the quality of the end result.
• A team player, capable of building effective business relationships across the organization, an understanding of the difference of what different teams within the bank do and ensuring the correct teams are engaged and utilized when required throughout the life of a trade.
• Pro-active approach to problem solving; root cause analysis, identifying solutions and taking ownership of these to resolution.
• Early start times and late finishing times maybe required.

Required qualifications, capabilities, and skills

• Knowledge of data vendor platforms such as Bloomberg, Reuters preferred.
• Knowledge of low code platforms such as Alteryx, Tableau preferred.

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.