CIB_ Trade Lifecycle Analyst

JP Morgan

Location: Dorset

Job Type: Part time

Posted

Men
16%
Women
Show that gap who’s boss!
Women are 16% less likely than men to apply to a job once they’ve viewed it, but are 16% more likely to get hired after applying to a job.*
*LinkedIn Talent Solutions Gender Insights Report 2019

Job Description

The F&O House team specifically supports exchange traded business conducted through JPMorgan's lines of business (Rates, Equities, Commodities, GEM). House Operations are currently based in 3 locations globally, in Bangalore, Bournemouth and Buenos Aires. This global team provides critical support for 120 desks across all businesses, and supports around 80,000 trades daily, with Bournemouth focused primarily on the Commodities and EMEA Rates business alongside a small of Equity Derivatives activity.

The F&O House team based in Bournemouth are responsible for reconciling traders’ position and risk for exchange traded instruments in their risk management system versus GMI, the F&O brokerage back end system. This is done through reconciling the entire structure, from instrument setup, trade booking and daily overall position, as well as ensuring the profit and loss (P&L) for the risk system equals the P&L held in GMI. This is completed in the system Union II. Break investigation and resolution is reached through liaison with middle offices, product controllers and technology teams.

Other core functions include the settlement of daily variation margin and initial margin, funding and Nostro reconciliation, new account set up and Give up agreement management. The team is also involved in new product onboarding, system enhancement planning, UAT support, and regular SOX / PWC testing.

The area is constantly evolving and scope is expanding due to various regulatory changes, consequently, there are numerous opportunities for the right candidate to be involved in ad-hoc projects and the House Strategic Agenda.

Summary of Responsibilities

  • Ensure timely completion of Trade, Position and P&L reconciliations, with prompt delivery of reconciliation details to the relevant middle offices, Product controllers and brokers.
  • Work closely with key stakeholders to manage and coordinate all new product, entity, trading book and desk set ups.
  • Execution of daily, weekly and monthly tasks covering: reconciliations, margin movements and control, global house metrics, oversight and impact monitoring of trade events including option expiries, physical deliveries and cascading instruments.
  • Work closely with the Controls team to deliver on the controls agenda.

Skills and Qualifications

  • Understanding of the Futures and Options products would be beneficial.
  • Detail oriented with excellent numerical/analytical skills
  • Strong problem solving abilities.
  • Works well under pressure and has the ability to multi task.
  • Team player who enjoys working in a fast paced, highly controlled environment and not afraid to commit and take on responsibility.

This role could suit someone looking for a flexible working opportunity

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