J.P. Morgan Private Bank - Structured Product & Derivatives Structuring Associate

JP Morgan

Location: Greater London

Job Type: Full time

Posted

Men
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Women
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JPMorgan Chase & Co. is a leading global financial services firm, operating across six business segments including Investment Banking, Commercial Banking, Treasury & Securities Services, Asset & Wealth Management, Retail Financial Services and Card Services.

The Wealth Management division of JPMorgan Chase & Co. is part of the Asset & Wealth Management business segment. It has offered for over 200 years, customized solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world.

Our Team

J.P. Morgan Private Bank is looking for an Associate to join the London-based Derivatives Structuring team. The team focuses on:

  • The development and implementation of new Structured Products and OTC Derivatives across all asset classes in EMEA, both for large scale distribution as well as for bespoke client situations.
  • The implementation of new regulation and business change as it effects the Structured Product and OTC Derivative business.
  • The on-boarding and maintenance of Structured Product counterparty relationships.

We work closely with our traders in Equities, FX, Commodities, Credit and Rates; our Investment Advisors; our Investment Banking counterparties (both in-house and external); our Legal, Risk, Compliance, Credit and Corporate Tax colleagues and, in bespoke structuring situations - directly with the client and the Investment Advisor.

The Role

  • Innovate with new product development; including analysing the economics, reviewing the legal disclosures, producing marketing materials and obtaining governance approvals.
  • Maintain and develop counterparty relationships, coordinate multi-functional relationship management with counterparties (e.g. Sales, Legal, Tax, Middle Office) and external platform vendors. Manage the annual review of the Structured Product issuance documents with the counterparty. Work with our vendors to keep developing the end-to-end automation and improve the life-cycle of our products.
  • Participate as a key stakeholder in the working groups covering the implementation of new regulations; enhancements to the business model or changes to trading processes for both Structured Product and OTC Derivative businesses.
  • Review and negotiate Structured Product and OTC term sheets with the counterparties. Ensure approvals from Legal and Supervisory Management are obtained prior to trading. Work with our vendor to keep developing the set-up and incorporation of new termsheets (payoffs) into the trading platform.

Requirements

  • A background in Investment Banking Structuring or Product Development preferred.
  • Technical understanding and comprehension of the derivatives market and the documents supporting thisse business.
  • Previous experience in implementing process changes and improving automation. Ideally experience in VBA or a good understanding of trading technology systems.
  • Strong communication and project management skills required.
  • Ability to work independently.
  • Demonstrated ability to analyse and solve problems and to manage multiple tasks at once.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.

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