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CIB Operations - OTC Valuations & Data Science - Plano, TX - Senior Associate

Req #: 180010426
Location: Plano, TX, US
Job Category: Operations
Potential Referral Amount: 0 US Dollar (USD)
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
 
Derivative Operations provides operational support across the CIB (Corporate & Investment Bank) covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees.  Services provided to our Businesses include:
  • OTC Derivatives Valuations, Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
  • Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices
 
The broader Third Party Derivatives Team supports the below OTC derivatives services:
  • Independent Valuations – instruction capture, generate in-house / source TPV valuations and cash flows; reconcile to the fund manager/ counterparties; standard reporting
  • Middle Office – same service as Independent Valuations plus confirmation/ settlement management
  • Asset Verification – As a utility to T&F, produce Independent Asset Verification of OTC/FX & CFD trades
 
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
 
Location Description
North Dallas, TX  (Plano) / London, UK
 
 
Job Description
The OTC Derivatives Valuation Control Group (VCG) is organized into a team of OTC derivatives valuation and quantitative analysts based in London, Dallas, and Mumbai.  The VCG team provides OTC derivatives valuations to institutional clients, asset managers, hedge funds, and insurance companies who have outsourced part or all of their operations to J.P. Morgan.  The VCG team is the first line of support for complex valuations and managing valuation queries for both internal and external clients.  The team functions within the business as Subject Matter Experts for OTC derivatives valuation.
 
The team is looking for a Senior Associate to assist with OTC derivatives valuation, as well as projects related to new product testing / analysis and client on-boarding.  This is a unique opportunity to work in a cross-asset environment with exposure to all types of OTC derivatives from vanilla to complex products.  Could suit someone looking for a flexible working arrangement.
 
Summary of Responsibilities
  • Provide independent valuation services to internal and external clients across a wide array of OTC derivative products including rates, credit, equity, FX, inflation, cmdty, and volatility / variance swaps
  • Utilize emerging toolkits in predictive analytics such as Alteryx, Spark, etc.  to spot trends in myriad and often unstructured data sets
  • Producing and analyzing valuation movements within client portfolios on a daily basis. This will also involve comparing and analyzing OTC valuations across multiple sources and the candidate should be able to clearly articulate any valuation movements through the Greeks
  • Establish and develop strong relationships with both internal and external clients
  • Resolve ad-hoc issues, including queries related to third party valuations, procedures and processes
Skills and Qualifications
  • Functional knowledge of Big Data Analytics and their application to Financial Markets; knowledge of Hadoop & AWS a plus.
  • Background in Python, R, or Scala as well as visualization tools such as Tableau, Qlikview, etc.
  • OTC Derivatives knowledge across multiple asset classes, including sensitivity analysis (pv01, delta, gamma, vega, theta, rho)
  • Solid background in statistics and or predictive analytics; creative problem solver good at identifying emerging trends.
  • Experience in Bloomberg, Reuters, other trading or Risk Management platforms
  • Master’s degree or PhD in Math, Physics, Econometrics, or Financial Engineering preferred
 
Would suit someone looking for a flexible working opportunity
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