A Middle Office role in Markets Operations the Investment Bankproviding direct support to senior Operational Management with respect to theRates and FX Risk Middle Office and acting as a key point of contact fordownstream groups. The middle office as a whole must ensure the accurate capture ofthe business' transactions, systematically managing product complexity,capturing the subsequent market risks resulting from these transactions, andrepresenting accurate PnL for our Traders. Our Middle Office currently supports approx. 80 traders with atrade volume of 105,000 per day, due to this high demanding volume we have toensure our controls monitoring this population and accurately and efficientlycompleted. Specific projects that require this support are core control andefficiency improvements:
Definition and analysis of amends MIS
Definition of solutions / fixes based on MIS analysis topresent for prioritization
Enhance reporting quality in order to present to andfacilitate high quality analysis so we are in a position to draw solidconclusions around key drivers
Periodic Reporting: Update and publish weekly metrics forManagement consumption including trend analysis and impact of deliveries overtime
Monitor Middle Office trade lifecycle event processing tounderstand the key manual touch-points themes and display the impact of thisvia suitable MIS
Once problem areas are identified; build relationships acrossthe business to create working groups and initiate change discussions
Liaise with Marketing support, Trade Support and other BackOffice control groups
Analysis and identification of inconsistencies in Controlprocesses, process flows and business functions
Develop strategies for road to consistency and effectiveprogress tracking
We are looking for candidates to join who display drive and enthusiasm, who are highly numerate, work well as part of a team and have strong communication skills. Some specific skills that we would prefer candidates to possess include:
Product knowledge - Understanding of vanilla and complex derivative products
Understanding of risk types - Market, operational, settlement, credit, legal and reputational
Systems skills - Understanding of risk management and reporting systems, straight through processing, Excel/Access
Problem solving - Developing and implementing solutions to often complex issues
Control -Understanding and implementing the control framework to mitigate risk through the transaction lifecycle
Projects - Assisting in the delivery of tactical and strategic solutions
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 and a member of the UK Government's Disability Confident Scheme.
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Internal Number: 6265399
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