Structured Products Operations - Senior Associate

JPMorgan Chase & Co.; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global financial services firm in London is seeking a Structured Products Operations Senior Associate. In this role, you will support the Equity Derivative Structured Products Desks by facilitating trade bookings and ensuring accurate validation. Responsibilities include preparing calculations, enhancing processes, and working collaboratively with sales and trading teams. Ideal candidates will possess excellent product knowledge and the ability to thrive under pressure while maintaining attention to detail. This position offers an opportunity to contribute to dynamic operations in a prestigious financial environment.

Qualifications

• Strong understanding of structured products across various asset classes.
• Experience with booking systems and lifecycle processes.
• Excellent attention to detail and problem-solving capabilities.

Responsibilities

• Support trade booking and ensure accurate validation.
• Prepare calculations for structured trades, including expiries and pay-offs.
• Improve processes to reduce manual work and risks.
• Build ETP business and ensure proper onboarding of new trades.

Skills

Excellent product knowledge on Structured Products

Understanding booking flows and lifecycle management

Attention to detail

Control mindset

Time management

Team player

Proactive problem-solving

Job description

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Job Description

Support EMEA Equity Derivative Structured Products Desks, ensuring seamless trade booking, validation, and process improvement in a dynamic team.

As a Structured Products Operations Senior Associate in the Structured Products Operations Middle Office team, you will be supporting the Equity Derivative Structured Products Desks in EMEA, covering both sales and trading for the exotic business lines. You will be 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).

Job responsibilites

• 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
• Prepares 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.
• Is 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.
• Works 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
• 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
• Improves 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

About Us

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.