Markets Operations - Cost Optimization Strategy Associate

Job Description
A unique opportunity to create an impact on the expense side (Brokerage, Clearing and Exchange cost ) as well as the revenue side (Cost+ and commissions), thus giving an overview of the trading Profit & Loss!
As an associate in the Cost Optimization team, you will be a part of a group of specialized individuals within Cost and Commission Services (CCS) group, working on the mandate of optimizing our BCE cost. We work with trading desk across all the asset classes, eg. Equities, Interest Rates, Foreign Exchange, Credit, Commodities, and cover all the countries in APAC, eg. Australia, Japan, South Korea, Taiwan, China, Hong Kong, Singapore, Philippines, Vietnam, Indonesia, Malaysia, Thailand, India.
Job responsibilities:

• Understand the landscape of trading venues and their relationship with JPMorgan's trading desks
• Analyze big sets of trading data, brokerage data, and rate cards across asset classes to reveal cost associated with trades and find avenues to reduce such costs
• Present findings from data analysis to our global team, respective desks and business managers in an objective and precise manner
• Assist with on-going and upcoming brokerage negotiations with brokers, along with drafting of rate cards
• Provide support with the design and implementation of MIS, including management of visualization dashboard (Tableau)
• Assist in rolling out the Cost+ mandate in APAC as well as onboarding of new clients
• Manage stakeholders internally (Trading Desks, Business Managers, Operations, Finance, Legal, Controls) as well as externally (Brokers/Venues)
• Provide support to the CCS operations team on the queries related to brokers/brokerage
• Provide regional updates to the CCS product team on market changes
• Assist in adhoc projects like Cost+, Client connectivity optimization or others as deemed necessary by business
• Collate metrics to measure, mitigate, monitor and report risk

Required qualifications, capabilities and skills:

• Minimum 3 years of full time working experience in financial industry
• Advanced analytical skills with proficiency in MS Office (Excel, Power point)
• Good understanding of Over The Counter (OTC) traded products, and trading venues
• Excellent communication skills in English (Written and Verbal)
• Intermediate knowledge of Tableau and Alteryx
• Good negotiation skills
• Act with integrity and with best interests of the firm in mind

Preferred qualifications, capabilities and skills:

• Excellent presentation skills
• Existing relationship with trading venues in Asia region
• Basic knowledge of trading flows

About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
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.