At JP Morgan Chase, we're seeking a proactive and skilled Senior Associate to lead our OTC Derivatives Settlement team. You'll manage end-to-end settlement processes for key derivative products like IRS, CDS, and ESW, ensuring accuracy and compliance with industry standards.
Job Summary
As a Senior Associate in the OTC Derivatives Settlement team at JP Morgan Chase, you will be entrusted with the comprehensive management of settlement processes for OTC Derivative Products, including Interest Rate Swaps (IRS), Credit Default Swaps (CDS), and Equity Swaps (ESW). This pivotal role requires operational leadership, relationship management, and process improvement expertise to ensure accurate and timely settlements, while adhering to industry standards.
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Job Responsibilities
- Ensure timely and accurate processing of trades from trade date through to final settlement.
- Monitor confirmation, reconciliation, payment instruction, and break resolution, with full ownership of the lifecycle.
- Consistently achieve or exceed key performance indicators (KPIs) such as settlement timeliness, exception management, and break resolution rates.
- Maintain a strong focus on service quality and operational control.
- Regularly update stakeholders-both internal (Front Office, Middle Office, Risk) and external (counterparties, custodians, clearinghouses)-on the status of trades, breaks, and settlement activity.
- Communicate issues with a clear action plan and resolution timeline.
- Identify operational risks or anomalies early and escalate according to defined protocols.
- Maintain a solutions-oriented mindset, ensuring escalations include relevant background and proposed next steps.
- Monitor and investigate Nostro account breaks by identifying unmatched or unexpected cash movements.
- Coordinate with internal teams and counterparties to ensure timely resolution and reconciliation of outstanding items.
- Leverage existing tools and platforms (e.g., MarkitWire, DTCC, internal proprietary systems) to optimize workflow.
Required qualifications, capabilities, and skills
- Bachelor's degree or MBA required
- Significant exposure to OTC Derivatives settlements, including Interest Rate Swaps (IRS), Credit Default Swaps (CDS), and Equity Swaps (ESW).
- Solid understanding of post-trade operations, ISDA documentation, and the trade lifecycle.
- Proficient in Excel, including pivot tables, VLOOKUP, and basic macros.
- Experience with MarkitWire and DTCC
- Strong grasp of derivative products and their application in trading and risk management.
- Proven ability to manage complex workflows and deliver results under pressure in a fast-paced environment.
- Excellent communication skills, with a strong ability to solve problems and manage stakeholder relationships effectively.
- Demonstrated leadership experience with the ability to mentor junior staff and manage escalations efficiently.
- Willingness to work flexible shifts and adapt to global business coverage needs.
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 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.
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.