Equities Electronic Trading - Electronic Trading Product/Execution Consulting - Executive Director

Next Frontier Capital; New York (NY); On-site; USD 250,000 - 350,000; Full time

Job summary

JPMorgan seeks an Executive Director to lead the ECS execution product and consulting efforts in the Americas. You will combine product management with deep quantitative analysis to deliver innovative algorithmic trading solutions and TCA-based insights for institutional clients.

You will collaborate across sales, trading, analytics, and technology to optimize client outcomes, oversee regulatory adherence, and drive product evolution in a fast-paced electronic market environment.

Qualifications

• Subject matter expertise in Algorithmic Trading, TCA/Execution Consulting, Smart Order Routers or Liquidity interaction.
• Extensive relevant experience in electronic trading product management or a related field, with a deep understanding of equities execution products, technologies, and market microstructure for Cash Equities.
• Very strong quantitative and analytical skills with the ability to analyze data, identify liquidity trends, and make data-driven decisions.
• Experience in q/KDB and Python.

Responsibilities

• Define and lead product initiatives across the execution product spectrum for the Americas, including the Algorithmic trading product, Smart Order Router, and ATSs.
• Interact with our clients to understand their needs and offer J.P. Morgan’s Algorithmic and Smart Order Router product suite as well as bespoke solutions.
• Analyze client order flow using transaction cost analysis (TCA) and execution quality metrics to provide actionable insights to optimize trading performance and provide execution consulting.
• Partner with business analysts, core technology, legal/compliance, operations, and sales and trading teams to ensure product functionality is optimized.
• Produce in-depth analysis of product usage, client trends, trading performance, and revenues.
• Leverage analytical skills to analyze large data sets and provide actionable results to drive product evolution and client product usage.
• Maintain a working knowledge of equities trading, market structure, and the equities market regulatory landscape.
• Ensure adherence with all relevant regulatory and control agenda requirements.
• Be an integral member of the ECS team, working together to provide a positive client experience.

Skills

Algorithmic Trading

TCA/Execution Consulting

Smart Order Router

Liquidity interaction

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering, Computer Science, or related quantitative field

Tools

q/KDB

Python

Job description

You will join the Electronic Client Solutions (ECS) team, which is the client-facing organization for all automated trading capabilities in Cash Equities. This team builds, manages and delivers the leading industry platform for algorithmic execution and liquidity solutions, data, analytics and low latency trading capabilities to institutional, hedge fund and systematic trading firms. The team partners with clients and provides in-depth TCA analysis and execution consultations.

The ECS product suite is designed to source liquidity effectively across an ever-changing landscape of liquidity centers, minimize transaction costs and maintain anonymity for our clients. It includes Global algorithmic trading products, Differentiated liquidity solutions, Global direct market access and smart order routing and Pre- and post-trade analytics.

Job Summary

As an Executive Director on the Electronic Client Solutions (ECS) team, you will be a key player on the electronic product and execution consulting team within ECS, leveraging a combination of product management skills with excellent analytical capabilities and technical proficiency. You will work closely with various business partners across the Global Equities Sales and Trading organization to deliver innovative solutions for our clients and build strong cross-functional relationships. By leveraging quantitative skills and analysis, you will also interact with and closely engage with clients through algorithmic trading execution consultation and TCA reviews.

Job Responsibilities

• Define and lead product initiatives across the execution product spectrum for the Americas, including the Algorithmic trading product, Smart Order Router, and ATSs.
• Interact with our clients to understand their needs and offer J.P. Morgan’s Algorithmic and Smart Order Router product suite as well as bespoke solutions.
• Analyze client order flow using transaction cost analysis (TCA) and execution quality metrics to provide actionable insights to optimize trading performance and provide execution consulting.
• Partner with business analysts, core technology, legal/compliance, operations, and sales and trading teams to ensure product functionality is optimized.
• Produce in-depth analysis of product usage, client trends, trading performance, and revenues.
• Leverage analytical skills to analyze large data sets and provide actionable results to drive product evolution and client product usage.
• Maintain a working knowledge of equities trading, market structure, and the equities market regulatory landscape.
• Ensure adherence with all relevant regulatory and control agenda requirements.
• Be an integral member of the ECS team, working together to provide a positive client experience.

Required qualifications, capabilities, and skills

• Subject matter expertise in Algorithmic Trading, TCA/Execution Consulting, Smart Order Routers or Liquidity interaction.
• Extensive relevant experience in electronic trading product management or a related field, with a deep understanding of equities execution products, technologies, and market microstructure for Cash Equities.
• Very strong quantitative and analytical skills with the ability to analyze data, identify liquidity trends, and make data-driven decisions.
• Experienced in q/KDB and Python.
• Exceptional written and verbal communication skills with specific ability to communicate concepts and ideas concisely and defend their validity.
• Bachelors’ degree from a leading university with a degree in Finance, Economics, Mathematics, Engineering, Computer Science, or related quantitative field.
• Ability to comfortably interact with clients in a professional and mature manner.
• Prior technical experience with data and analytics reporting and platforms.
• Series 7, 63, and 57 registrations are required post hire if not already obtained.

Benefits and Compensation

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Equal Opportunity and Diversity

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 FAQs for more information about requesting an accommodation.