JPMorgan Chase CIB Operations (Derivatives Ops) - Americas F&O Margin Middle Office Analyst - Chicago - Analyst in Chicago, Illinois
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.
Derivatives Operations provide operational support to Markets, Investor Services and Banking businesses across the CIB. Key product areas include Currencies, OTC Derivatives, Collateral Principal, Global Clearing, and Trading Cost Management with a global team of 1400 colleagues. Services provided to our Businesses include:
Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Trade Cost Management
Typical daily activity includes settling in excess of $2TRN via FX trades, leading a Markets OTC portfolio of 3M trades, managing collateral balances in excess of $350BN and processing 700K cleared and intermediary trades
Global Clearing Operations supports Clearing, Reconciliations, Middle Office, F&O House Ops, Expiries & Deliveries, Settlement, Brokerage, Client On-boarding, Client Money, Regulatory Reporting, Static Data Management and Position Management.
Processes 750,000 cleared and intermediated trades daily
Provides clearing at 60 global Clearing Houses
Settled USD equivalent 24Bn in physical deliveries
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.
Chicago . We’ve been in Chicago since 1863, and we’re one of the largest employers in the city. In 2013, we celebrated 150 years of our relationship with the city of Chicago. In the summer of 1863, JPMorgan Chase & Co. predecessor, The First National Bank of Chicago, opened its doors as the first "national" bank to serve the city of Chicago. We love this laid-back city that offers an intense array of cuisine, sports and architecture. See what we – and Chicago – have to offer. We have more than 16,000 employees in the Chicago area, including more than 500 veterans hired since 2011. Our employees devoted over 15,000 hours to charity in 2014 alone. Come join a team that gives its all, in and out of work.
The Americas F&O Margins Middle Office department provides account management services to J.P. Morgan’s extensive external client base which includes Banks, Hedge Funds, Pension Funds, Insurance Companies, Asset Managers, Commodity Trading Advisors, Corporates, Utility Companies, Oil Companies & Food Companies. Partnering closely with Front Office and Operations, the group ensures that the highest of standards are met for the service delivered to clients.
Americas F&O Middle Office at J.P. Morgan was restructured in Q2 2018 so that all client facing margin functions are supported within a separate team to the individuals that manage the non-margin related functions (trade queries, expiry management, etc.). This required the implementation of a new Margins Middle Office team responsible for managing the day-to-day client relationship with respect to the margin function.
Americas F&O Margins Middle Office require a motivated, experienced individual at the Analyst level with proven client facing skills in the financial services industry to join a team which performs high-quality account margin management responsibilities for a number of key relationships in regards to their operational / post execution / strategic servicing requirements.
Summary of Responsibilities
Priority Relationship Account Management
Client Liaison, Education & Advice
Account Margin Discrepancy Management
Clearing Technology Support (i.e. J.P. Morgan Markets)
Margining of Client Accounts for Cash & Securities
Pro-Active / Strategic Approach to Client Account Management (including MIS analysis)
Comprehensive KYC Knowledge for Operations & Front Office Servicing Requirements of Priority Relationships
Client Education of Changes / Developments to the Regulatory Framework in the Derivatives Industry
Client Visits, Onsite Training & Service Review Meetings
Prospect Client Sales Meetings
Skills and Qualifications
General F&O industry knowledge (Ideally minimum 2 years experience)
Proven skills in delivering a professional face to our clients and taking ownership of issues through to closure
Detailed F&O exchange / product knowledge for global markets across all asset classes
Experience in handling a client base consisting of Banks, Hedge Funds, Pension Funds, Insurance Companies, Asset Managers, Commodity Trading Advisors, Corporates, Utility Companies, Oil Companies & Food Companies.
Excellent interpersonal skills and be able to communicate across multiple aspects of the organization at various levels
Be a dynamic & proactive team player
Ability to identify process improvements that drive capacity, efficiency and control
Strong written and verbal communication skills
Ability to work accurately and effectively under pressure
Strong time management skills required to meet critical deadlines and prioritize
Strong PC & Industry application skills (e.g. GMI, Microsoft Office)
Would suit someone looking for a flexible working opportunity
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.