CIB Operations - Flow Options & Inflation Bookrunner - Associate – London

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • J.P Morgan
  • 30 Sep 16

See job description for details



This is a Middle Office role within the Investment Bank providing first-line support for the Rates trading business and acting as a key point of contact for downstream groups.

The focus of the group is one of control. There is a strong operational discipline towards the management of the transaction cycle across the business and a great deal of effort is necessary to ensure tight controls.

The MO team consists of eight people who support 9 traders across two trading desks. The book runners are responsible for trade capture, daily PnL/risk report generation/substantiation, trade life cycle management and all related settlement and confirmation queries. The desks supported are the EMEA IR Options and EMEA Inflation trading desks. The products traded by these desks include Interest Rate Options, Interest rate cap / floors, Bermudan callable swaps, CMS swaps, Binaries, Inflation Swaps, Inflation Asset swaps and Inflation Cap/Floors. Vanilla hedging products include all types of IR Swaps and Futures / Futures Options contracts.

Middle Office has significant interaction with a variety of business partners in addition to trading such as QR, Technology, Finance, Market Risk, Settlements, Drafting to name a few.

Key roles and responsibilities:


  • Accurate capture of the business’ transactions in the RM system.

  • Daily P&L/Risk production/substantiation.

  • Monitor and manage trade events throughout the lifecycle of the transactions.

  • Primary point of contact for trader queries.

  • Liaising with drafting and settlements to resolve breaks.

Qualifications:

Skills & Requirements:



We are looking for candidates who display drive and enthusiasm, who are highly numerate, work well as part of a team and have strong communication skills. Some specific skills that we would be looking for the candidate to possess are as follows:


  • PnL – experience and understanding of trading PnL and its attribution.

  • Product knowledge – understanding of the main interest rate products.

  • Understanding of risk types – Market (positions), operational, settlement, credit, legal and reputational

  • Regulatory Knowledge – understanding of current regulatory environment from US, UK and EU regulators

  • Systems skill – Risk management and reporting systems, straight through processing, excel (VB)

  • Problem solving – Developing and implementing solutions to often complex issues

  • Control –Understanding and implementing the control framework to mitigate risk through the transaction lifecycle

  • Networking and the bank-wide perspective – Understanding the needs of other groups and the importance of relationship building through extensive interaction.


About J.P. Morgan Corporate & Investment Bank

J.P. Morgan’s Corporate & Investment Bank (CIB) 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 $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

About J.P. Morgan Chase & Co.

J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, J.P. Morgan 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 Chase & Co. is available at www.jpmorganchase.com .

JPMorgan offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan is an Equal Opportunity Employer.

The hiring manager for this job opening would be willing to have a conversation about flexibility. This could range from ad hoc flexibility in a full time position, to a more formal Flexible Work Arrangement. The hiring manager is not committing to offering this, just highlighting an openness to having the conversation.