CIB - BA Equities Derivatives | Deal Review
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
EDG Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees. Services provided to our Businesses include:
- Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
- Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices
- Manage a portfolio of 2.5M live trades
- Monthly settlement of 600,000 payments (100% increase vs. 300,000 in 2010)
- 70,000 Dodd Frank MTM and client valuation statements issued on a daily basis
- Perform deal reviews within the SLA which involves:
- Review Term sheet versus Risk management system.
- Legal Confirmation versus Risk management system.
EDG Operations supports a global and diverse client base. Primary functions performed: affirmation, settlement, client money daily segregation, credit event management, client valuations, regulatory reporting, deal review and tax reporting. Facilitate transaction execution via a ‘best in class’ systematic control framework, providing integration between risk systems (Athena, GPS, Kapital, Pyramid) and vendor platforms (DTCC / TIW / Markitwire / Thunderhead).
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Job Description
The focus of the Deal Review team is to act as a key control in the business, ensuring that the deal agreed with the client is correctly booked and risk-managed within the respective systems, and is also consistent with the legal documentation issued to the counterparty for their agreement.
The deal review is performed for all OTC and securitized trades globally for all desks and regions. The team is required to understand the fundamentals of the product, the underlying instruments and business strategy to continually improve control infrastructure.
Summary of Responsibilities
- Ensure accurate reviews and Timely escalation of unissued/unexecuted documents.
- Drive Efficiency in the current process and identifying incorrect booking practice and educate Middle office on the impact.
- Building and sustaining, strong working relationships with internal Lines of Business with Middle Office, Front Office and internal Counterparts.
- Ensuring all issues are investigated and resolved in a timely manner as per Business Standards.
- Prepare weekly MIS and monthly control packs for Senior Management
- Analyze MI and report trends and spikes.
- Participate in various testings related to system enhancement, project implementation and new business initiatives.
- Identify control gaps and suggest improvement ideas for better efficiency and effectiveness.
Skills and Qualifications
- Graduate with 1-3 years experience.
- The candidate must be a motivated individual with strong partnership abilities.
- ISDA knowledge and Equity Derivatives Product knowledge along with Equity Derivative experience is preferable
- The individual must be able to: handle a high level of complexity in their product coverage, be able to shift gears with relative ease, be flexible enough in shifting workload in accordance with changing priorities and be comfortable dealing with a stressful and fast paced trading environment.
- Good communication skills.
- Needs to be highly numerate with excellent keyboard skills and a high-level of computer literacy.
- Needs to be aware and have an understanding of the large financial risks that can be incurred through operational errors and control risks.
Skills Required
- Graduate degree or equivalent qualification
- 1-3 years of relevant experience
- Knowledge of ISDA documentation
- Equity derivatives product knowledge and experience
- Ability to manage complex product coverage and shifting priorities
- Strong communication and partnership skills
- Strong numerical ability
- Excellent keyboard skills and computer literacy
- Understanding of financial risks arising from operational errors and control risks
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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