JPMorgan Exotics Hybrids Trade Support - Analyst 

United Kingdom, England, London 

580457229

As an Exotics and Hybrids Trade Support - Analyst in Middle Office team within the Investment Bank, you will be providing first-line support for the Long Dated FXHybrids business and acting as a key point of contact for downstream groups. You will be also working with the most exotic and complex derivative products from a risk, Profit and Loss (P&L) and trade management perspective.

Job responsibilities

• Acts as the primary control over the accurate capture of the business’ transactions in the Risk Management System
• Analyses and verifies Risk and P&L new for transactions traded during each day
• Monitors and manages trade events throughout the lifecycle of the transactions, e.g. option exercises, knock ins/outs, refixing
• Reviews legal documentation for accuracy vs. the Risk Management System booking
• Liaises with Marketing support and downstream groups
• Produces and validates daily P&L and Risk positions for the desks
• Investigates and resolves P&L and Risk queries from Front Office
• Creates and runs ad-hoc risk scenarios for the trading desk which can involve producing impact of parameter changes, hypothetical market situations, what if, worst case etc.
• Conducts stress testing scenarios for Trading and Market Risk
• Produces risk reports for use by Valuation Control Group (VCG)
• Produces Risk and P&L impact analysis for QR resulting from model or analytical changes

Required qualifications, capabilities, and skills

• Product knowledge – understanding of vanilla and complex fixed income products (Vanilla Products: FXOptions, IR Swaptions, Swaps, XCCY Swaps, Equity Options; Complex Products: Power Range Dual Currency Swaps/Notes (PRDC) is our main product)
• Risk - understanding of the greeks
• P&L - understanding of trading P&L and key drivers
• Understanding of risk types – market, operational, settlement, credit, legal and reputational
• Systems skills – understanding of risk management and reporting systems, straight through processing, Excel/Access is certainly helpful
• Problem solving – developing and implementing solutions to often complex issues
• Control - understanding and implementing the control framework to mitigate risk through the transaction lifecycle
• Projects - assisting in the delivery of tactical and strategic systems / process solutions
• Networking and the bank-wide perspective – understanding the needs of other groups and the importance of relationship building through extensive interaction