Structured Products and Exchange Products Middle Office Senior Associate

JPMorgan Chase & Co.; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

JPMorgan Chase & Co. in London is seeking a Senior Associate for the Structured Products Middle Office. You will support equity derivative trades, oversee bookings, settlements, and validations, while driving process improvements and automation efforts across the desk.

The role emphasizes collaboration with sales and trading, use of market data sources, and a proactive approach to risk reduction and efficiency gains in a fast-paced environment.

Qualifications

• Excellent product knowledge on a range of Structured Products under various asset classes (Equity Derivatives, FX, Commodities etc).
• Understanding booking flows from FO risk systems to full product lifecycle management including coupons and corporate actions.
• Excellent attention to detail and a control mindset.
• Time management and prioritization to work under pressure in a changing environment.
• Team player with ability to build relationships across the bank and engage necessary teams through a trade lifecycle.
• Pro-active problem solving with root cause analysis and ownership of solutions.

Responsibilities

• Support Equity Derivative Structured Products Desks in EMEA, covering sales and trading for exotic product lines.
• Prepare calculations on structured trades for expiries, coupons, pay-offs using term sheets and data sources.
• Book Structured Products into front office systems across products like ETPs, range accruals, accumulators, auto-callables, FX notes.
• Collaborate with sales and trading to onboard new trades and automate workflows, developing marketing materials for new products.
• Lead projects to reduce manual labour, increase controls, and mitigate input errors in the middle office.
• Identify and implement efforts to reduce manual work and costs by leveraging JPM low-cost centers.

Skills

Structured Products

Attention to detail

Change management

Problem solving

Stakeholder management

Tools

Bloomberg

Reuters

Telekurs

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 a Senior 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

• Key tasks include (but are not limited to) 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.

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 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

Prefer red qualifications, capabilities and skills

• Developing experience using AI-powered analytics, workflow automation, or intelligent process tools to drive efficiency gains, reduce manual effort, or improve accuracy in operational processes