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CIB - Global Futures & Options - Execution Services Group - EMEA Futures Coverage Trader – Vice President

Req #: 170107030
Location: London, ENG, UK
Job Category: Sales/Trading/Research
Potential Referral Amount: 3500 Pound Sterling (GBP)
About J.P. Morgan
 
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and 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 www.jpmorganchase.com.
 
Description
 
Futures and Options Execution Services group supports and facilitates all electronically trade futures and options.  As part of this remit, the team is seeking an additional coverage trader based out of London. The team has responsibilities and/or involvement in the following areas (which are not exhaustive):
 
  • Electronic Trading – including: Market Access, Client Connectivity, Algorithmic Trading and Pre/Post Trade Analytics
  • Risk Management and Pre-Trade checks
  • Order Book Management - monitoring and intervening with client order flow
  • Post Trade and Client Servicing Strategy
  • Market Structure Strategy
  • Monitoring and control of execution costs
 
The team is seeking to hire someone primarily with experience in core futures disciplines but with the potential to expand their knowledge to cover many other aspects of the team’s remit.
 
 Responsibilities include:
  
Working with clients, internal stakeholders and multiple internal groups to drive product delivery to commercial effect:
  • Trading: Executing and facilitating client order flow via DMA and Algos.
  • Clients: Understand client’s requirements: Opportunities for business-development and gaps within the firm’s existing product set. Build strong relationships with the existing client base and maximizing client wallet.
  • Internal Commercial Stakeholders: Work with Sales, Trading and Business Management teams to understand needs: Define commercial priorities, solutions and create plans. Collaborate on controls and commercial agenda.
  • Internal Disciplines and Support Functions:  Work with the following groups;
    • Technology: Ensure business requirements and priorities are clear, Govern progress of deliverables and facilitate expedited delivery.
    • Compliance and Regulatory: Understand regulatory requirements and ensure these are accounted for appropriately within product definition.
    • Risk and Controls: Ensure that products operate with appropriate levels of risk to the firm.
Experience required:
 
Product Knowledge
  • Detailed, bottom-up knowledge of core futures business workflows:
 
    • Front Office and High Touch detailed workflows and business practices:
      • Sales Execution OMS
      • Trading OMS / EMS:  Agency workflow
 
Post Trade Considerations:
      • Systems integration from front to back office
      • General clearing practices
      • Bundling / split allocation process
 
Basic Knowledge of External Market Structure across the Futures and Options landscape:
  • Global Futures and Options Exchange Landscape
  • Clearing Process
  • Execution Management Process
 
Basic Knowledge of Electronic Trading Disciplines:
  • Algorithmic Trading (including spread trading)
  • Market leading Futures ISV and vendor EMS product
  • Client Connectivity and FIX Protocol 
 
Soft Skills: 
 
  • Problem solving:  Provide creative and efficient solutions to complex problems
  • Ability to plan effectively and realistically; to verify the plans of others
  • Ability to work effectively with a wide variety of seniorities and disciplines and to adapt communications style to connect effectively with all
  • Ability to document requirements clearly and to elaborate verbally
  • Ability to present clearly to senior management and clients as necessary
  • Ability to “evangelise” and sell effectively products once delivered
  • Strong influencing skills across support groups. 
About J.P. Morgan’s Corporate & Investment Bank:
 
J.P. Morgan’s Corporate & Investment Bank 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.  Further information about J.P. Morgan is available at www.jpmorgan.com.
 
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
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