Structured Products Operations - Senior Associate

Testing Site - JPMC; Greater London; On-site; GBP 65,000 - 90,000; Full time

Job summary

Testing Site - JPMC is seeking a Structured Products Operations Senior Associate to support EMEA Equity Derivative Structured Products Desks. The role covers pre-trade approvals, trade bookings, validations, and lifecycle management.

You will improve processes, reduce manual tasks, and work with Bloomberg/Reuters data sources to validate economics and settlements across front, middle, and back offices.

Qualifications

• Excellent product knowledge on a range of Structured Products across asset classes.
• Understanding of booking flows from risk systems to settlement and lifecycle management.
• Strong attention to detail and ability to maintain controls under pressure.
• Proactive problem solving with ownership of root causes and resolutions.
• Ability to build cross-team relationships and work with multiple JPM teams.

Responsibilities

• Works with sales to provide pre-trade approvals on new structured, ensuring clients onboarding and pre-trade formalities.
• Prepares calculations on structured trades for expiries, coupons, and pay-offs using data from Bloomberg and other sources.
• Books Structured Products into front office systems across ETPs, notes, and exotic structures.
• Collaborates with sales and trading to expand ETP business, onboard trades, and automate workflows.
• Participates in projects to reduce manual labour, strengthen controls, and mitigate input errors.
• Identifies opportunities to cut manual work per trade and reduce costs with other JPM teams.
• Improves daily processes to reduce risks and support new business activities.

Skills

Structured Products knowledge

Booking flows understanding

Attention to detail

Control mindset

Time management

Team player

Problem solving

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