Responsible for daily risk and PnL reporting, ensuring proper controls, collaborating with support functions, and developing trading strategies.
Job Description
DESCRIPTION:
Duties: Present the results of risk and PnL to front office on a daily basis. Define controls and processes required to support daily functions. Utilize robust controls to ensure desk exposure to human error is limited. Prepare and present metrics to senior management to identify gaps in current control processes and provide solutions. Work closely with other support functions (technology, operations, legal, compliance, product control, back office) to ensure the best operating model for front office. Tie out trading models into risk management system and ensure proper valuation is captured for risk management of the desk. Continually evaluate and raise deficiencies within day-to-day functions to technology to ensure a seamless trade workflow. Provide feedback to senior management on operational problems and how it can be translated into technology initiatives. Utilize basic project management skills while working with technology to offer the best solutions. Appropriately identify differences in pricing models and raise accordingly. Work with technology to develop trade models to provide trading strategies to be utilized by the front office. Understand front to back system flows to remediate issues and identify solutions. Ensure proper cross-training within the team for sufficient coverage of tasks and responsibilities. Create standard operating models (SOP) for all processes and controls for proper handover amongst teammates. Stay up-to-date on markets and key economic dates to provide proper coverage/support to front office.
QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Accounting, Finance, or related field of study plus 4 years of experience in the job offered or as Trading Services, Trading Associate, Trading Analyst, or related occupation. Will accept pre- or post-Bachelor's degree experience.
Skills Required: This position requires 4 years (48 months) of pre or post-bachelor's experience with the following: Front to back trade life cycle flow for rates products; Balance Sheet optimization through trade hubbing and compression cycles for cost- reduction; Risk components and relative calculation for derivative products; Risk sensitivity; first and second order Greeks; reporting CFTC and ESMA eligible trades; Non-Cleared Margin Requirements (NCMR); evaluating which clients, products, and dates apply for initial margin, variation margin; the change of LIBOR cessation to risk free rates, specifically SOFR; interest rate products including both OTC and ETP including economic differences, valuations, and risk and working with the economic implications of both; clear products (MTC); swap execution facilities (SEF); central counterparty clearing houses (CCP); derivative products; life cycle events; legal representation/documentation of life cycle events for derivative products. Will accept pre- or post- Bachelor's degree experience.
Job Location: 383 Madison Ave, New York, NY 10179.
Full-Time. Salary: $142,000 - $187,000 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.
DESCRIPTION:
Duties: Present the results of risk and PnL to front office on a daily basis. Define controls and processes required to support daily functions. Utilize robust controls to ensure desk exposure to human error is limited. Prepare and present metrics to senior management to identify gaps in current control processes and provide solutions. Work closely with other support functions (technology, operations, legal, compliance, product control, back office) to ensure the best operating model for front office. Tie out trading models into risk management system and ensure proper valuation is captured for risk management of the desk. Continually evaluate and raise deficiencies within day-to-day functions to technology to ensure a seamless trade workflow. Provide feedback to senior management on operational problems and how it can be translated into technology initiatives. Utilize basic project management skills while working with technology to offer the best solutions. Appropriately identify differences in pricing models and raise accordingly. Work with technology to develop trade models to provide trading strategies to be utilized by the front office. Understand front to back system flows to remediate issues and identify solutions. Ensure proper cross-training within the team for sufficient coverage of tasks and responsibilities. Create standard operating models (SOP) for all processes and controls for proper handover amongst teammates. Stay up-to-date on markets and key economic dates to provide proper coverage/support to front office.
QUALIFICATIONS:
Minimum education and experience required: Bachelor's degree in Accounting, Finance, or related field of study plus 4 years of experience in the job offered or as Trading Services, Trading Associate, Trading Analyst, or related occupation. Will accept pre- or post-Bachelor's degree experience.
Skills Required: This position requires 4 years (48 months) of pre or post-bachelor's experience with the following: Front to back trade life cycle flow for rates products; Balance Sheet optimization through trade hubbing and compression cycles for cost- reduction; Risk components and relative calculation for derivative products; Risk sensitivity; first and second order Greeks; reporting CFTC and ESMA eligible trades; Non-Cleared Margin Requirements (NCMR); evaluating which clients, products, and dates apply for initial margin, variation margin; the change of LIBOR cessation to risk free rates, specifically SOFR; interest rate products including both OTC and ETP including economic differences, valuations, and risk and working with the economic implications of both; clear products (MTC); swap execution facilities (SEF); central counterparty clearing houses (CCP); derivative products; life cycle events; legal representation/documentation of life cycle events for derivative products. Will accept pre- or post- Bachelor's degree experience.
Job Location: 383 Madison Ave, New York, NY 10179.
Full-Time. Salary: $142,000 - $187,000 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.
Top Skills
Project Management
Risk Management System
Trading Models
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