CIB - Global Futures & Options - Execution Services Group - EMEA Futures Coverage Trader – Analyst/Associate
July 8, 2018
London, United Kingdom
CIB - Global Futures & Options - Execution Services Group - EMEA Futures Coverage Trader - Analyst/Associate - London-160108620
Job Trader Support Primary Location GB-ENG-LND-25 Bank Street / 32173 Organization EMEA F&O EXECUTION Schedule Full-time Job Type Standard Shift Day Job Recruiter Lisa Barrow Hiring Manager Andy Doyle Salary Grade Level 601
Futures and Options Execution Services group supports and facilitates all electronically trade futures and options. As part of this remit, the team is seeking an additional coverage trader based out of London. The team has responsibilities and/or involvement in the following areas (which are not exhaustive):
Order Book Management - monitoring and intervening with client order flow
Post Trade and Client Servicing Strategy
Market Structure Strategy
Monitoring and control of execution costs
The team is seeking to hire someone primarily with experience in core futures disciplines but with the potential to expand their knowledge to cover many other aspects of the team's remit.
Working with clients, internal stakeholders and multiple internal groups to drive product delivery to commercial effect:
Trading: Executing and facilitating client order flow via DMA and Algos.
Clients: Understand client's requirements: Opportunities for business-development and gaps within the firm's existing product set. Build strong relationships with the existing client base and maximizing client wallet.
Internal Commercial Stakeholders: Work with Sales, Trading and Business Management teams to understand needs: Define commercial priorities, solutions and create plans. Collaborate on controls and commercial agenda.
Internal Disciplines and Support Functions: Work with the following groups;
Technology: Ensure business requirements and priorities are clear, Govern progress of deliverables and facilitate expedited delivery.
Compliance and Regulatory: Understand regulatory requirements and ensure these are accounted for appropriately within product definition.
Risk and Controls: Ensure that products operate with appropriate levels of risk to the firm.
Skill set / experience required:
Detailed, bottom-up knowledge of core futures business workflows:
Front Office and High Touch detailed workflows and business practices:
Sales Execution OMS
Trading OMS / EMS: Agency workflow
Post Trade Considerations:
Systems integration from front to back office
General clearing practices
Bundling / split allocation process
Basic Knowledge of External Market Structure across the Futures and Options landscape:
Global Futures and Options Exchange Landscape
Execution Management Process
Basic Knowledge of Electronic Trading Disciplines:
Algorithmic Trading (including spread trading)
Market leading Futures ISV and vendor EMS product
Client Connectivity and FIX Protocol
Problem solving: Provide creative and efficient solutions to complex problems
Ability to plan effectively and realistically; to verify the plans of others
Ability to work effectively with a wide variety of seniorities and disciplines and to adapt communications style to connect effectively with all
Ability to document requirements clearly and to elaborate verbally
Ability to present clearly to senior management and clients as necessary
Ability to "evangelise" and sell effectively products once delivered
Strong influencing skills across support groups.
This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.
About J.P. Morgan's Corporate & Investment Bank:
J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com .
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.