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In 2014, Riveros became Deportes Santa Cruz coach.

In November 2011 he played his last professional match with CD Palestino against Unión San Felipe.

In 2008, he joined Everton and helped the team to win Torneo Apertura, being a key player during the campaign.

After being released by Cali team, in 2006, Riveros re–joined his former club Santiago Wanderers. Then, on mid-year he moved to Huachipato managed by Arturo Salah, who permanently used him as the starting lineup's playmaker. In December 2007, he failed to renew his contract and was released.

In January 2005, Riveros joined Chilean powerhouse Universidad de Chile, where he had a short spell, playing the Copa Libertadores and netting two goals in 16 league games. After a regular performance with Los Azules, on mid-year he moved to Colombian side Deportivo Cali, where he won the Torneo Finalización.

After their long spell with the Zorros del Desierto, in 2001, he moved to Santiago Wanderers, where helped the team to reach Primera División honour (league title) under Jorge Garcés as coach (who was manager of Riveros in Cobreloa during 1995), achieving of that form a title that Wanderers had failed to win since 1968. However, the same season was named the league most valuable player. In his last season at Valparaiso side, Riveros reached a record scoring 21 goals in 15 consecutive weeks during the 2004 Torneo Apertura.

He also played three games for Chile in 1998 FIFA World Cup qualification, and other three in the 2002 FIFA World Cup qualifying, where scored a free kick goal against Colombia in a 3–1 away loss.

He has played for seven different clubs and has been called up to the national team. He made his national team debut on 4 January 1997, against Armenia. He represented his country at the Copa América 1997 playing in two games.

In 1995, he joined Cobreloa, where played the Copa CONMEBOL in his first season, having a well performance because played all four games of his team for the contest, and scored two goals in the two leg matches against Ciclista Lima, first scoring his side's goal in the 1–4 away loss at Lima, for then score during the 7–2 thrash at Calama. However his team was eliminated by Rosario Central in the next key for a 5–1 aggregate loss. During that season, Riveros and Cobreloa reached the Copa Chile final too, losing it on hands of Universidad Católica.

He began his career in 1992 at Rancagua side O'Higgins, near Quinta de Tilcoco, town where Riveros born. In his first full season was loaned to Deportes Santa Cruz on a season long deal. After impressing at second-tier club, he returned to O'Higgins the next season and break into Manuel Pellegrini starting lineup in 1993.

Jaime Eduardo Riveros Valenzuela (Spanish pronunciation: [ˈxajme riˈβeɾos] , born 27 November 1970) is a former Chilean footballer.