Duties: Support the Equity Derivative Structured Products Desks in North America, covering both sales and trading for exotic and flow derivatives business lines. Provide support to the cross-asset sales team in the issuance and lifecycle of non-equity linked structured products. Facilitate trade bookings, query structured trades, and validate the economic integrity of trades to ensure proper settlement. Complete client setup, action secondary buyback formalities, and facilitate pricing using Bloomberg and other tools. Collaborate with sales to ensure pre-trade approvals for new structured products. Ensure clients are onboarded correctly and complete all pre- trade formalities before the issue date. Prepare various calculations for structured trades including equities and cross-asset classes, expiries, coupons, physical payoffs, and draft fixing notices for custodians. Perform calculations using term sheets, confirmations, and Excel models, pulling data from Bloomberg and other sources. Responsible for trade capture of Structured Products into various front office systems. Initiate and work on projects to reduce manual labor, increase controls, and mitigate the risk of input errors. Identify, implement, and support efforts to reduce manual work per trade, and collaborate with other teams to reduce costs within the middle office by leveraging low-cost centers. Drive the future state of the Structured Products business and improve daily processes.
QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Economics, Business Administration, Finance, Mathematics, or related field of study plus 1 year of experience in the job offered or as Trading Services or related occupation.
Skills Required: This position requires experience with the following: Structured Products under various asset classes including Equity Derivatives, FX, Rates, Credit, and Commodities; Risk management systems and unique risk measures for each type of asset class including Equity, Credit, Rates, Commodities, and FX, including Delta, Gamma, Theta, Rho, and Vega; Booking flows of structured products from FO risk systems, through the full product lifecycle management including coupons, knockouts, and corporate actions, to settlement involving issuance and paying agents, custodians, and clearing systems; Trade and product lifecycle of derivative products across both securitized and OTC products; Controls processes surrounding the trading and lifecycle of financial products including pre-matching, fails monitoring, inter-entity and inter-system reconciliations, and PnL monitoring; Coding Excel macros using VBA to automate recurring tasks involving data extraction, transformation, and communication using e-mail; Using low code tools including Alteryx, Tableau, and UI Path to develop data analytic models, dashboards, and automation solutions; Large data models and data infrastructure for large firms; Writing SQL and Python scripts to run large-scale queries to obtain information from databases; Using market data systems including Reuters and Bloomberg, and working with the various screens and tools the platforms offer including using Bloomberg add-ins for Excel to set up automated queries.
Job Location: 270 Park Avenue, New York, NY 10017.
Full-Time. Salary: $99,200 - $110,000 per year.
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
Skills Required
- Bachelor's degree in Economics, Business Administration, Finance, Mathematics, or a related field
- At least 1 year of experience in the job offered or a related Trading Services occupation
- Experience with structured products across equity derivatives, FX, rates, credit, and commodities
- Experience with risk management systems and asset-class risk measures including Delta, Gamma, Theta, Rho, and Vega
- Experience with structured product booking flows and full product lifecycle management through settlement
- Experience with securitized and OTC derivative product lifecycles
- Experience with trading and financial product controls, reconciliations, fails monitoring, pre-matching, and PnL monitoring
- Experience coding Excel macros using VBA
- Experience using Alteryx, Tableau, and UiPath for analytics, dashboards, or automation
- Experience with large data models and data infrastructure
- Experience writing SQL and Python scripts for large-scale database queries
- Experience using Reuters and Bloomberg market data systems, including Bloomberg Excel add-ins
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 — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
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Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
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Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.
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.
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