JP Morgan Chase – Trade Support Associate J.P. Morgan

The Corporate Institute; Mumbai; On-site; INR 1,100,000 - 1,600,000; Full time

Job summary

JPMorganChase in Mumbai is seeking a Trading Services Associate I to support seamless trade execution from entry to settlement. You will build mastery of market products and automation technologies while contributing to change management and continuous improvement of our operating platform.

You will strengthen internal relationships, present insights to senior management, and drive process improvements. The role requires collaboration across trading, legal, and operations to ensure accurate

Qualifications

• Minimum 4 years’ experience in credit derivatives, exotics, or related middle office roles.
• Strong understanding of credit derivatives products, trade lifecycle, and operational processes.
• Experience with front and back office systems (Bloomberg, Calypso, Markit Wire, DTCC, ICE).
• In-depth knowledge of global regulatory requirements for derivatives.
• Excellent analytical, problem-solving, and communication skills.
• Proven ability to manage multiple stakeholders and drive process improvements.

Responsibilities

• Validate and process credit derivatives trades across single-name CDS, index CDS, tranches/bespoke baskets, credit options, credit-linked notes, and total return swaps.
• Book trades accurately in front office platforms and reconcile positions with back office records.
• Review and resolve trade discrepancies, mismatches, and breaks between front office and back office systems.
• Manage lifecycle events including credit events, novations/assignments, coupons/roll dates/maturities, and amendments/terminations/cancellations.
• Coordinate with trading, legal, and operations to ensure correct settlement, documentation, and system updates for lifecycle activity.
• Oversee electronic and manual confirmations via Markit Wire, DTCC, and ICE to ensure process integrity.
• Drive timely confirmation matching and elevate aged/outstanding items to traders and counterparties.
• Support daily risk and P&L reporting for credit derivatives portfolios.
• Attribute P&L to market moves, new trades, lifecycle events, and valuation adjustments while resolving risk/P&L breaks.
• Ensure compliance with Dodd-Frank, EMIR, CFTC, and MiFID II requirements by supporting regulatory reporting, inquiries, and internal limits/controls.
• Improve control, efficiency, and automation by partnering with stakeholders and contributing SME input to new products, system upgrades, and regulatory change initiatives.

Skills

Credit derivatives

Trade lifecycle

Regulatory knowledge

Front & back office systems

Analytical skills

Communication

Education

Finance or Economics degree

Tools

Bloomberg

Calypso

Markit Wire

DTCC

ICE

Job description

Description:

Are you ready to elevate your career in a fast-paced, innovative environment? You will have the opportunity to utilize and keep developing your skills while contributing to a team that values growth and collaboration. Join us and be part of a company that supports your professional journey and offers exciting challenges.

As a Trading Services Associate I within JPMorganChase, you will play a pivotal role in the seamless execution of trade activities, from order entry to settlement. While still developing, your expertise in market products and understanding of automation technologies will be instrumental in optimizing our trading services. You will be expected to leverage your proficiency in change management and continuous improvement to enhance the efficiency and resilience of our operating platform.

Your role will also allow you to keep developing your relationships with internal stakeholders, presenting insights to senior management, and driving process improvements. Your decisions will contribute and impact on short-term team and department goals, and you will often guide others in their work activities, contributing to the overall success of our trading services.

Job responsibilities:

• Validate and process credit derivatives trades across single-name CDS, index CDS (CDX/iTraxx), tranches/bespoke baskets, credit options, credit-linked notes, and total return swaps.
• Book trades accurately in front office platforms (e.g., Bloomberg, Calypso, Markit Wire) and reconcile positions with back office records.
• Review and resolve trade discrepancies, mismatches, and breaks between front office and back office systems.
• Manage lifecycle events including credit events, novations/assignments, coupons/roll dates/maturities, and amendments/terminations/cancellations.
• Coordinate with trading, legal, and operations to ensure correct settlement, documentation, and system updates for lifecycle activity.
• Oversee electronic and manual confirmations via Markit Wire, DTCC, and ICE to ensure process integrity.
• Drive timely confirmation matching and elevate aged/outstanding items to traders and counterparties.
• Support daily risk and P&L reporting for credit derivatives portfolios.
• Attribute P&L to market moves, new trades, lifecycle events, and valuation adjustments while resolving risk/P&L breaks.
• Ensure compliance with Dodd-Frank, EMIR, CFTC, and MiFID II requirements by supporting regulatory reporting, inquiries, and internal limits/controls.
• Improve control, efficiency, and automation by partnering with stakeholders and contributing SME input to new products, system upgrades, and regulatory change initiatives.

Required Qualifications, Skills and Capabilities:

• Minimum 4 years’ experience in credit derivatives, exotics, or related middle office roles.
• Strong understanding of credit derivatives products, trade lifecycle, and operational processes.
• Experience with front and back office systems (Bloomberg, Calypso, Markit Wire, DTCC, ICE).
• In-depth knowledge of global regulatory requirements for derivatives.
• Excellent analytical, problem-solving, and communication skills.
• Proven ability to manage multiple stakeholders and drive process improvements.

Preferred Qualifications, Skills and Capabilities:

• Degree in Finance, Economics, Business, or related field; advanced degree preferred.