Markets Portfolio Management (MPM) - Financial Resource Optimization & Vendor Management - Rates/FX - Vice President

JP Morgan

Location: Greater London

Job Type: Full time

Posted


Markets Portfolio Management (MPM) is a front-office function within Trading that was established to support client and revenue growth initiatives through the active management and allocation of financial resources, while taking into account the firm’s binding constraints. You will be part of the Vendor Management and Optimization team within MPM that is responsible for the oversight and management of vendor relationships to maximize the optimization of financial resources across markets.

The team works in close partnership with Markets Financial Resource Management (Markets FRM), which is also part of MPM. In addition, it has strategic collaboration with operations, tech and quant teams. The open position is for a Vice President with a strong knowledge of derivatives to drive the team’s optimization agenda.

Responsibilities:

  • Although not a classic trading role, the individual will, be required to make economic and risk decisions including some deal execution
  • Management of bilateral and multi-lateral vendor runs (compression + IM/capital optimization)
  • Work closely with 3rd party vendors and clearing houses to set and define product roadmap
  • Deal structuring, pricing, and execution of bilateral optimization transactions with peer banks and clients
  • Perform detailed reviews of counterparty portfolios, including analyzing trade structures and documentation
  • Demonstrate understanding of risk/resource drivers and develop strategies to help mitigate them
  • Keep up to date with current and future regulatory changes
  • Develop strong relationships across functions and with senior stakeholders

Qualifications

  • Bachelor’s degree in Finance, Economics, Engineering, Math or related quantitative field.
  • Familiarity with financial resource topics including Basel III, GSIB, SLR, SCB, and regulatory initial margin (NCMR/CCP) - strongly preferred
  • Experience executing FX and Rates trades - strongly preferred
  • Strong knowledge of pricing and risk management of derivatives transactions, preferably cross-asset and with an understanding of XVAs
  • Experience working with technology and quant teams
  • Experience working with 3rd party vendors

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.

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