Structured Products and Exchange Products Middle Office - Associate

J.P. Morgan Chase & Co.; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

JP Morgan Chase in London seeks an Associate in the Structured Products Middle Office to support equity derivative desks across EMEA. The role focuses on trade bookings, settlement, and onboarding, while driving automation and process improvements.

You will engage with multiple internal stakeholders, manage end-to-end trade life cycles, and contribute to risk controls with a focus on efficiency and accuracy in a fast-paced trading environment.

Qualifications

• Excellent knowledge of a range of Structured Products across asset classes (Equity Derivatives, FX, Commodities).
• Understanding of the booking flows from front office risk systems to settlement and lifecycle events.
• Strong attention to detail to ensure accuracy in trade processing and records.
• Control mindset to maintain governance and risk controls across processes.
• Effective time management and prioritization under pressure in a dynamic environment.
• Team player with ability to build relationships across the bank and engage necessary teams.
• Pro-active problem solving with root-cause analysis and ownership to resolution.

Responsibilities

• Supports Equity Derivative Structured Products Desks in EMEA across sales and trading.
• Facilitates trade bookings, validates trades, ensures settlement and client setup; handles buyback formalities.
• Works with sales to provide pre-trade approvals and correct onboarding before issue date.
• Responsible for booking Structured Products into front office systems.
• Projects to reduce manual labour, increase controls and mitigate input errors.
• Identifies and supports efforts to reduce manual work per trade across JPM teams.
• Drives future state of the Structured Products business and daily process improvements.

Skills

Structured products knowledge

Booking flows understanding

Attention to detail

Control mindset

Time management

Team player

Problem solving

Job description

Are you ready to elevate your career in a fast-paced, innovative environment? You will have the opportunity to utilize and keep developing your skills while contributing to a team that values growth and collaboration. Join us and be part of a company that supports your professional journey and offers exciting challenges.

As an Associate within the Structured Products and Exchange Products Middle Office team, you will play a pivotal role in the seamless execution of trade activities, from order entry to settlement. While still developing, your expertise in market products and understanding of automation technologies will be instrumental in optimizing our trading services. You will be expected to leverage your proficiency in change management and continuous improvement to enhance the efficiency and resilience of our operating platform. Your role will also allow you to keep developing your relationships with internal stakeholders, presenting insights to senior management, and driving process improvements. Your decisions will contribute and impact on short-term team and department goals, and you will often guide others in their work activities, contributing to the overall success of our trading services.

Job responsibilities

• Supports the Equity Derivative Structured Products Desks in EMEA, covering both sales and trading for the exotic business lines

• Facilitates 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).

• Works with sales to provide pre-trade approvals on new structured, ensuring clients are on-boarded correctly and ensure all pre-trade formalities are completed prior to issue date

• Is responsible for booking Structured Products into front office systems

• Works on projects to reduce manual labour, increase controls and mitigated risk of input errors on T

• Identifies, implements and supports 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 centres

• Drives 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

Required qualifications, capabilities and skills

• 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 mind set

• 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 utilised 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