DESCRIPTION:
Duties: Assist traders with price verification and booking over-the-counter derivatives, listed futures and options, and securities. Monitor and action lifecycle events including expiration and corporate actions. Responsible for queries from functional support teams to resolve reconciliation mismatches including Nostros, deal review queries, and internal and trade position breaks. Generate and reconcile daily profit and loss reports, post necessary adjustments, assist traders in investigating issues, and perform root cause analyses. Liaise with the Front Office and technology to address issues that arise during trading hours. Ensure accuracy of the trader's risk systems by monitoring controls related to pricing, positions, market data, and risk instrument reference data. Provide monthly operations reporting to parties include trading desk heads, valuation groups, and product control.
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QUALIFICATIONS:
Minimum education and experience required: Master's degree in Financial Risk Management, Finance, Economics, or related field of study plus one (1) year of experience in the job offered or as Trading Services, Financial Analyst, Operations Services, or related occupation. The employer will alternatively accept a Bachelor's degree in Financial Risk Management, Finance, Economics, or related field of study plus three (3) years of experience in the job offered or as Trading Services, Financial Analyst, Operations Services, or related occupation.
Skills Required: This position requires experience with the following: Over-the-counter vanilla and Bermudan calls and puts options; dividend protected options; convertible bonds; listed options on indices and stocks; Index futures; currency spots and forwards trades; equity and index over the counter forwards; prepaid variable forwards multiple dates (tranched) structures; collared accelerated share repurchase contracts; flexible payment structures including reverse convertibles and worst of basket; securitized equity linked notes; barrier and rainbow options; variance, volatility, equity, and interest rate swaps; Excel functions including matching, lookup and calculating financial numbers like logarithmic returns, annualized variance, covariance and correlation calculations; troubleshooting discrepancies with trade economics between risk capture systems and firm and client agreed terms; evaluating and identifying the impact of corporate actions on equity derivatives throughout the entire trade support life cycle, including stock splits and special dividends; assisting sales and trading with derivative trades, migrating positions across books, and book maintenance; escalating systemic issues on risk capture systems on expirations, coupons processing, exercising of listed options process, barrier breaches processes and corporate action processes; supporting sales through managing client queries on expiration of derivatives trades, corporate action treatments, coupons confirmation, and novations of derivatives positions; collaborating with settlements on nostro account breaks; resolving discrepancies with external and internal counterparties; assisting corporate clients on syndicated deals settlements; securing client account entitlements in risk capture systems; resolving settlement breaks and trade economics breaks; working with compliance and legal teams on queries and economic trade data requested by regulatory authorities such as FINRA; working with the following functional groups related to the equity derivatives trade lifecycle: Finance, Market risk, Credit risk, Operational Risk, Legal, and Collateral.
Job Location: 383 Madison Ave, New York, NY 10179.
Full-Time. Salary: $112,000 - $131,000 per year.
ABOUT US
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
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.