Job ref no.: CT3114386-01#8322

CIB Operations V Equity Derivatives Middle Office, Exotics Trade Support - Associate

JP Morgan Chase


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About J.P. Morgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about J.P. Morgan is available at www.jpmorganchase.com
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With nearly $20 trillion of assets under custody, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
The Equity Derivatives Group (EDG) provides marketing, structuring and trading services on equity-based and fund-based derivatives products. These products are marketed to a broad range of clients, including distributors, institutional investors and corporates. J.P. Morgan is recognized as a market leader in Equity Derivatives.
EDG Middle Office, as part of IB Operations, provides support to a wide range of external and internal businesses. It also provides the best-in-class operational processing capabilities across all asset classes. For this particular hiring, the candidate will be mainly supporting Delta One and Prime Trading desk.
The team has responsibilities for supporting the sales and trading activities across the globe from a Reconciliation and Control perspective. The team’s main goal is to maintain daily controls and proactively improve processes’ controls.
Core Role & Responsibilities

We are specifically seeking people who have knowledge in trade support and control with at least 3-5 years experience.
Product Coverage:
Securities, Bonds, Convertible bonds, Warrants/CBBC, Stock borrow and loan, equity swaps, interest rate swap, OTC options, FX, Listed Options, Futures, Forwards, Variance Swaps, CDS, Structured derivatives, etc.
Daily BAU Tasks:
  • Reconcile and Resolve Fails & Exceptions (Trade & Settlement Breaks)
  • Monitor Fails / Exception Reports
  • Provide Business Control Reporting – MIS
  • Perform reconciliation between Front Office, Middle Office and Back Office systems to ensure data capture accuracy and completeness

Roles & Responsibilities:
  • Perform daily controls and reconciliation functions for EDG trades
  • Overseeing the data gathering process, analyze the data and report MIS utilizing the various data source
  • Produce time sensitive daily reports with actionable data to Front Office, Middle Office or Back Office for break resolutions
  • Provide detailed business control metrics to management on a daily basis
  • Action business as usual (BAU) tasks and execute root cause analyses on new issues or control gaps
  • Take ownership of work, problems, clarify issues / objections, and ensure data integrity, accuracy and completeness
  • Escalate issues for any urgent matters or assistance
  • Build and maintain strong working relationships with all EDG teams and be an expert on Equity Derivative Reconciliations and Controls
  • Handle adhoc projects for the team
  • Ensure all controls and checks are completed on End of Day
  • Able to guide other staffs to ensure all work and controls are completed

Experience/Knowledge:
  • 3-5 years of experience in an investment banking environment, preferably in Middle Office / Trade Support
  • Attentive to details and strong interpersonal skills
  • Solid business judgments and positive attitude
  • Sound knowledge in EDG products
  • Basic project management skills
  • Ability to prioritize
  • Degree holder in Finance / Economics or other related disciplines
  • Fluent English language skills (both verbal and written)
  • Strong proficiency with PC software. Knowledge of MS VBA and SQL would be an asset

Additional:
  • This team will have extensive contact with Front Office, Middle Office and Back Office globally, the ability to work under strong pressure and meet deadlines is essential,
  • The ability to multi-task – ensuring the trades are booked correctly, breaks are resolved and MIS being sent to managers on deadlines.
  • The candidate needs flexibility to adapt a continually changing environment and prepare to take on more responsibility whilst being willing to absorb and share their knowledge continuously.

Interested parties please click Apply Now to submit your application

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More job information
Job ref no. CT3114386-01#8322
Salary
  • N/A
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 3 years - 5 years
Career Level
  • Non-management level
Education
  • Degree