Derivatives Operationsprovide operational support to Markets, Investor Services and Banking businesses across the CIB. Key product areas include Currencies, OTC Derivatives, Collateral Principal, Global Clearing, and Trading Cost Management with a global team of ~1400 colleagues. Services provided to our Businesses include:
- Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Trade Cost Management
- Typical daily activity includes settling in excess of $2TRN via FX trades, leading a Markets OTC portfolio of 3M trades, managing collateral balances in excess of $350BN and processing ~700K cleared and intermediary trades
Collateral Principal Operationssupports:
- Collateral Management credit risk mitigation, client financing and fee based activity
- Collateral Services supports a wide range of products: Derivatives, Forex, TBA, OTC Cleared, Prime Brokerage, Repos and Loans
- Daily we generate and distribute margin calls; agree call amounts and collateral types; track and report call disputes, reconcile trading portfolios, monitor settlements and provide extensive regulatory reporting
- On average we issue and settle ~4,000 collateral calls per day
- Collateral balances held by JPM and pledged to the client range between $200Bn & $300Bn notional
Job Description
The primary responsibility of the position is to provide comprehensive support the day to day Operations for derivatives & other banking products, within the Corporate Investment Bank.
- Full operational support to derivatives & other financial instruments which are traded globally.
- Exposure to high daily volumes and large amounts.
- Ensure timelines and service delivery standards are continually achieved.
- Risk mitigation and escalation of issues in a timely manner.
- Comply with policies, procedures and controls at all times for the safety of company and clients.
- Would suit someone looking for a flexible working opportunity.
- Partnerships with multiple groups within the company such as technology, finance and other operation teams.
- Identify opportunities for process improvements and value-added initiatives.
- Propose process improvements and drive results
- Participation in strategic initiative scoping
- Project planning and test participation
- MIS understanding and reporting to senior management
- Full operational support to derivatives & other financial instruments which are traded globally.
- Exposure to high daily volumes and large amounts, manage escalations
- Ensure timelines and service delivery standards are continually achieved.
- Risk mitigation and escalation of issues in a timely manner.
- Comply with policies, procedures and controls at all times for the safety of company and clients.
- Would suit someone looking for a flexible working opportunity.
- Partnerships with multiple groups within the company such as technology, finance and other operation teams.
Skills and Qualifications
Ability to work in a fast-paced, dynamic and changing environment with demanding timelines and deadlines.
- Bachelor degree completed. Finance orientation is a plus.
- Background of excellent Client Service.
- Must demonstrate strong team player and robust interpersonal skills.
- Must demonstrate excellent analytical skills; be able to work independently in a changing environment.
- Solid sense of accountability and ownership of issues until resolution.
- Strong analytical and problem solving skills. Attention to detail.
- Team player, with experience working in matrix organizations.
- Internal and external client service orientation.
- Solid communication skills (written and verbal).
- Capacity to work effectively with diverse styles and across cultures.