Senior Middle Office: Structured & Exchange Products

Next Frontier Capital

Greater London

On-site

GBP 85,000 - 120,000

Full time

7 days ago

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Job summary

J.P. Morgan is seeking a Senior Associate in the Structured Products Middle Office to oversee trade execution from booking to settlement. You will support Equity Derivative desks in EMEA, streamline processes, and leverage automation to improve efficiency and risk controls.

The role emphasizes collaboration across teams and delivering insights to senior management. The position involves handling cross-asset calculations, onboarding new trades, and driving cost-reduction initiatives while

Qualifications

Excellent product knowledge on a range of Structured Products under various asset classes (Equity Derivatives, FX, Commodities etc)
Understanding of the booking flows of structured products from FO risk systems, to full product lifecycle management (coupons, knockouts, corporate actions) to settlement (from JPM, to custodians to clearers)
Excellent attention to detail
Control mindset
Time Management, ability to prioritize effectively, to be able to work under pressure in an ever changing and evolving environment while not compromising the quality of the end result
A team player, capable of building effective business relationships across the organization, an understanding of the difference of what different teams within the bank do and ensuring the correct teams are engaged and utilized when required throughout the life of a trade
Pro-active approach to problem solving; root cause analysis, identifying solutions and taking ownership of these to resolution
Early start times and late finishing times may be required, depending on business needs

Responsibilities

Key tasks include support the Equity Derivative Structured Products Desks in EMEA, covering both sales and trading for the exotic business lines. Daily tasks include facilitating trade bookings, queries on various structured trades, validating the economic integrity of the trades, ensuring settlement, client set-up is complete, all secondary buybacks formalities are actioned and facilitation of pricing (Bloomberg, Telekrus, Reuters etc)
Role includes preparing various calculations on structured trades (cross asset class) for expiries, coupons, physical pay-offs and drafting fixing notices for custodians. Calculations are calculated using term sheets, confirmations and models built in excel pulling in data from Bloomberg and various data sources.
Responsible for booking Structured Products into various front office systems. Products range from ETP (exchange traded products/notes), range accruals, accumulators, auto-callable, callable notes, FX notes and various other exotic structures.
Working with sales and trading to build the ETP (exchange traded products/notes) business to on-board new trades, automate the flow and work on enhancing the exciting marketing material to ensure this covers all JPM new product range
Work on projects to reducing manual labour, increase controls and mitigated risk of input errors on T
Role includes identifying, implementing and supporting efforts to drive down manual work per trade, and working with other JPM teams in reducing costs within the middle office by taking advantage of our low-cost centers.
To drive the future state of the Structured Products business - improving daily processes to cut down on manual tasks, reduce risks, increase controls and assist in all new business activities.