Trade Support/Clearing - Trading Services Associate I

Location: Chicago, IL, United States

Job Family: Trading Services

About the Role

At JPMorgan Chase, we are a leading global financial services firm with a proud history of innovation and client focus. The Trade Support/Clearing - Trading Services Associate I role within our Corporate & Investment Bank division in Chicago, IL, offers an exciting opportunity to support our world-class trading operations. As part of the Trading Services team, you will play a critical role in managing global derivatives trades, ensuring seamless execution, and providing exceptional support to our front office traders and institutional clients. This position is ideal for detail-oriented professionals passionate about the fast-paced world of financial markets, where accuracy and efficiency directly impact our ability to deliver value in a competitive landscape. In this role, you will handle the end-to-end trade lifecycle for derivatives products, including options, futures, and swaps, across multiple regions and time zones. Responsibilities include booking and confirming trades, reconciling positions, and resolving any discrepancies to maintain the integrity of our trading book. You will collaborate closely with clearing houses, counterparties, and internal stakeholders to mitigate operational risks and ensure compliance with key regulations such as Dodd-Frank and EMIR. Additionally, you will respond to client inquiries, investigate trade-related issues, and contribute to process enhancements that drive operational excellence at JPMorgan Chase. We seek candidates with a solid foundation in financial services operations and a keen interest in derivatives markets. This position demands strong analytical skills, the ability to thrive in a high-pressure environment, and a commitment to teamwork. At JPMorgan Chase, you will have access to unparalleled resources for professional growth, including mentorship from industry leaders and exposure to cutting-edge technologies. Join us to advance your career while contributing to the success of one of the world's most admired financial institutions.

Key Responsibilities

• Manage the booking, confirmation, and settlement of global derivatives trades across multiple asset classes
• Monitor and reconcile trading positions to ensure accuracy and compliance with internal controls
• Handle client inquiries and provide timely support to front office traders and relationship managers
• Investigate and resolve trade breaks, discrepancies, and operational issues in a fast-paced environment
• Collaborate with clearing houses, counterparties, and internal teams to facilitate smooth trade execution
• Ensure adherence to regulatory reporting requirements and contribute to audit processes
• Support the development and implementation of process improvements to enhance operational efficiency
• Analyze trade data to identify potential risks and escalate issues as necessary
• Assist in the onboarding of new clients and products within the trading services framework
• Maintain accurate documentation and records for all trade support activities

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field
• Minimum of 1-2 years of experience in trade support, clearing, or operations within financial services
• Strong understanding of derivatives markets, including options, futures, and swaps
• Proficiency in trade lifecycle management and regulatory requirements such as Dodd-Frank or EMIR
• Ability to work in a high-pressure, fast-paced environment with tight deadlines
• Excellent attention to detail and problem-solving skills
• Authorization to work in the United States without sponsorship

Preferred Qualifications

• Experience with global derivatives clearing at a major financial institution
• Knowledge of JPMorgan Chase's internal systems like Aladdin or similar platforms
• Familiarity with risk management practices in trading operations
• Previous exposure to client-facing roles in trading services
• Relevant certifications such as Series 7 or 99

Required Skills

• Proficiency in Microsoft Excel and financial modeling tools
• Knowledge of derivatives pricing and valuation methodologies
• Strong analytical and quantitative skills
• Excellent communication and interpersonal abilities
• Attention to detail and accuracy in data handling
• Problem-solving and critical thinking under pressure
• Familiarity with trade confirmation systems like DTCC or MarkitWire
• Understanding of risk and control frameworks in trading
• Team collaboration and cross-functional coordination
• Time management in a multi-tasking environment
• Regulatory compliance awareness in financial markets
• Basic programming skills in SQL or VBA for data analysis
• Client service orientation and relationship building
• Adaptability to changing market conditions
• Organizational skills for managing high-volume workflows

Benefits

• Comprehensive medical, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick days, and parental leave
• Tuition reimbursement and professional development opportunities
• Employee stock purchase plan and performance-based bonuses
• Wellness programs, including gym memberships and mental health support
• Flexible work arrangements and hybrid options in Chicago
• Access to JPMorgan Chase's global mobility programs and career advancement paths

JP Morgan Chase is an equal opportunity employer.