Apply Now    

Category Manager - Brokerage, Clearing & Exchange (BCE)

Req #: 180010324
Location: Jersey City, NJ, US
Job Category: Admin & Facilities Services
Potential Referral Amount: 5000 US Dollar (USD)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, 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. Information about JPMorgan Chase & Co. is available at
Global Supplier Services (GSS) mission statement is to efficiently and collaboratively deliver value between JPMC & external suppliers in a manner that mitigates risk, enhances performance and manages expense by driving the end to end Source-to-Pay Life cycle.
This role reports into the newly created Global Efficiency and Brokerage Sourcing function based in London which was established to challenge the BCE expense profile of the Markets business which currently accounts for almost $1.6bn in annual charges. The remit of the group is to drive execution cost efficiency through rate negotiations, demand management analysis and operational re-engineering globally, with initial focus on the expense profile in OTC brokerage, Cash Equity Exchanges and Client Connectivity. As enhanced transparency is built out across the Markets BC&E expense base, additional focus on Commodities, F&O and Agent Bank charges will come into scope.
The role will involve extremely close collaboration between NAMR, EMEA and APAC to ensure the groups over arching expense reductions targets are being met while also having close collaboration alongside 2 other streams within the Brokerage, Clearing & Exchange (BC&E) world which are:
  • Trade Expense Analytics – Responsible for producing Trading Expense Analytics via trade cost calculators to facilitate expense transparency
  • Operations & Finance – Responsible for the reconciliation and payment processing of all BC&E invoices alongside the accrual and allocation functions which ensure the trading businesses and traders are accurately viewed from a net P&L perspective
Across the 3 streams, we look at all areas of Trading Expenses including supply management, demand management, expense reporting, analysis and control with strategic MIS and data transparency a key deliverable.
Roles & Responsibilities:
  • Develop strong working relationships with the New York based Business Managers across Macro, Equities and Credit to understand their business drivers and be proactive in suggesting areas of potential saves 
  • Ensure NAM based 3rd Party vendor relationships are consistent with GSS strategic priorities
  • Deep dive into OTC Brokerage and initiation of save projects based on the results of the review
  • Collaborate with the Equity Business to review Client Connectivity expenses while challenging line connections which aren’t profitable or in use
  • Work with Finance to track save reductions through to the financials
  • Work with Operations to ensure updated rate cards are inserted into the India reconciliation process  and are adhered too by the brokers
  • Achieve annual saves targets
  • Collaborate with the GMI Execution Venue team to ensure all relevant NAM based Execution Venues are captured for future Relationship Management
  • Ensure BCE vendor contracts are up to date in GSS SPARC contract system
  • 7+ years experience within Investment Banking Industry
  • Good working knowledge of BC&E category would be advantageous
  • Excellent Internal client and stakeholder management experience
  • Strong product knowledge across Fixed Income and Equities preferred
  • Ability to work well independently with little oversight in a fast paced environment
  • Ability to multi-task and manage several projects at any one time
  • Excellent written and oral skills including the ability to present projects and proposals to senior stakeholders within the Front Office, GSS, Operations and Finance
Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.