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CIB Operations - Bookrunner - Analyst – London

Req #: 170027322
Location: London, ENG, UK
Job Category: Operations
Potential Referral Amount: 3500 Pound Sterling (GBP)
Job Description
The Middle Office is primarily responsible for the trade management, risk management and control of both the flow and non-flow elements of the business.  
Each trading desk has a dedicated Bookrunner team who are required to develop an intensive understanding of the desk’s business and transactions and provide the above support. We are looking for candidates to join the Bookrunner teams who display drive and enthusiasm, who are highly numerate, work well as part of a team and have strong communication skills.
Key Responsibilities are but not limited to
Trade Management
  • Act as the primary control over the accurate capture of the business’ transactions in the Risk Management System
  • Verify new transactions executed throughout the day against Termsheet, Sales Recap and Broker Confirmations
  • Ensure compliance with Regulatory standards such as Dodd Frank Reporting, EMIR, EBC Pre-Trade Disclosures, Clearing, Volcker Reporting and Legal Entity push-out programs
  • Monitor and manage trade events throughout the lifecycle of the transactions, e.g. option exercises, knock ins/knock outs, rate fixings, TARNs and barriers
  • Liaise with Marketing support, downstream settlement, collateral, finance, and other Back Office control groups
PnL and Risk Management
  • Produce and validate T0 P&L, and 1st Order as well as Higher Order Risk positions run overnight and weekly for the Front Office
  • Investigate and resolve P&L and Risk queries from Front Office
  • Create and run ad-hoc risk scenarios for Front Office which can involve producing impact of model parameter remarking, analytics, hypothetical market situations such as ‘what if’ and ‘worst case’ etc
  • Produce risk exposure reports for use by Valuation Control Group (VCG), Market Risk, Quantitative Research (QR) and Model Governance Group (MGG)
  • Be an active stakeholder in Model upgrade
Some specific skills that we would be looking for candidates to possess include:
  • Degree or equivalent preferred
  • Product knowledge – Understanding of vanilla and complex derivative products preferred
  • Vanilla Products: FXOptions, IR Swaptions, Swaps, XCCY Swaps, Equity Options, FRAs
  • Complex Products: Power Range Dual Currency Swaps/Notes (PRDC), digitals, range accruals, binaries, barriers, KOs/KIs, TARNs, Chooser s, Callable Inverse Floaters, Yield Curve Spread Options (YCSOs)
  • Risk - Understanding of the Greeks and Cross gammas
  • PnL - Understanding of trading PnL and key drivers
  • Understanding of risk types – Market, operational, settlement, credit, legal and reputational
  • Systems skills – Understanding of risk management and reporting systems, straight through processing, Excel/Access
About J.P. Morgan Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
About J.P. Morgan Chase & Co.
J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, J.P. Morgan 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 J.P. Morgan Chase & Co. is available at
JPMorgan offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan is an Equal Opportunity Employer


Closing Date- 20th November 2017

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