CIB Markets Operations Transformation – Rates Athena Migration- Executive Director

JP Morgan

Location: Greater London

Job Type: Full time

Last updated

Be brave, not perfect.
- Reshma Saujani

Markets Operations Transformation – Rates Athena Migration

ED – London

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.

Department Description

The CIB Market Operation Transformation Group is a dedicated team of project resources that are focused on delivering large scale change initiatives that span across business units to address Business, Industry and Client requirements across the CIB organization. The group provides a unique mix of project skills and product experience that are not tied to a specific business unit enabling it to provide a consistent, high-quality and responsive approach to the way we manage and execute change across the Corporate & Investment Bank.

The Team

Within the Transformation team there are a number of Core Strategic programmes which are CIB wide, cannot fail, fixed deadlines initiatives which have an extremely high profile within the organisation. Example of this is the Credit Athena implementation.

Athena is a strategic platform for processing and risk managing securities and derivatives in the Investment Bank. It is currently used by the Rates, FX and Commodities businesses globally. It is responsible for product modelling, trade capture, risk, event and position management, providing the books and records to the bank for trades and feeding downstream back office systems such as accounting, settlements, legal documentation and regulatory reporting. The products managed on this platform range from high volume listed and flow derivative products to extremely complex over-the-counter structured and securitized derivatives.

The Role

Athena is impacting a wide array of systems and stakeholders. As such, there will be frequent interactions with Trading, Sales and Business Management, Legal, Compliance, Operations, Technology, Quantitative Research, Credit / Market Risk and Finance. The role will expose the individual to a variety of functions and Subject Matter Experts within the Bank and as such they will need to able to learn quickly and build relationships at all levels.

The candidate will manage the overall Athena Rates Derivatives implementation team.

The ideal candidate would have a good understanding of the Derivatives business or have performed large system migrations. We are looking for someone who can drive all aspects of a project, from initiation, to build, UAT and delivery to the end users. The role will also have an analytical aspect, and as such, will require being at ease with extracting and manipulating data.

Projects are tracked and monitored using a variety of tools and artefacts (JIRA/MS Project /Excel /Powerpoint), with updates presented to various levels of management from PWG to PCC and Steering Committee. The candidate will assist with facilitating these sessions by scheduling them, preparing materials such as scorecards, attending to logistics and recording and tracking actions and decisions.

Program Manager

  • Project Initiation and Identification of Stakeholders
  • Experience in direct team management and large matrix management
  • Standing up governance processes and artefacts, strong process skills
  • Preparation of Testing Strategies and Management of UAT
  • Setting Entry / Exit criteria for the major Phases and ensuring compliance with record keeping and other policies
  • Partnering with Technology and Operation to ensure alignment with the Testing Strategy
  • Co-ordination of E2E testing including Environments, Dates, Resources
  • Metrics, Issue management and escalation

Experience

  • Significant experience managing large scale, large change management programmes
  • Extensive tenure within the Investment Banking Sector, preferably in Tier 1 banks or consulting
  • Background in Technology or Operations/finance Change

Generic Skills

  • Logical and structured approach to planning and problem solving and decision-making
  • Very strong analytical, prioritisation and organisational skills
  • Self starter, and able to extract the sub components of an high level ask
  • Ability to communicate confidently and influence internal and external stakeholders
  • Good MS Office skills – Excel, Word, Visio and PowerPoint
  • Risk and controls awareness.
  • Capacity to think laterally and convey an understanding of the big picture
You’ve got this!