Currency Emerging Markets Middle Office-Associate Currency Emerging Markets Middle Office-Associate …

in New York, NY, United States
Permanent, Full time
Be the first to apply
in New York, NY, United States
Permanent, Full time
Be the first to apply
Currency Emerging Markets Middle Office-Associate

J.P. Morgan is a top tier liquidity provider in GlobalCurrencies and Emerging Markets FX and Rates products. We offer a full spectrumof currency services - from plain vanilla spot and interest rates trading toexotic derivatives and options from major currencies to emerging markets.Operations teams are located in all major centers to support our clients'needs. Using JPMorgan's global scope, liquidity, credit quality, marketintelligence and research, our clients benefit from the global capabilities tomanage their unique risk profile and investment objectives.

J.P. Morgan's Corporate and Investment Bank isseeking qualified candidates for the position of Trade Support within its CEM(Currency and Emerging Markets) Rates Middle Office operations. The CEM Rates tradesupport team provides support and controls for the Latam Rates and RatesDerivatives space. The scope of products supported includes Interest Rate derivatives such as InterestRate swaps, Overnight Index Swaps, Cross-Currency IRS, Basis Swaps andSwaptions, as well as exchange traded Interest Rate Futures.

Position Summary

Based in New York, the positionwill report to the New York CEM Rates operations manager. The primary responsibilityof our operations team is to maintain a first-class operational infrastructureto minimize the operational and financial risk to the business by providing ahigh quality control environment. Our operating model must be flexible enoughto adapt to innovation and new regulatory requirements for the business, yetscalable enough to sustain a rigorous controls environment. As a member ofTrade Support, your job function will include performing end-to-end controlsalong the trade lifecycle from trade execution and capture including analysisand verification of trade valuations as well as timely and accurate monitoringof daily processes. Candidate will also be reconciling positions and trade detailsbetween various risk management systems and upstream execution platforms aswell as investigating and resolving trade or system issues. Additional tasksinclude trade booking/downstream feeds, P&L explanations, MIS reporting,query management/resolution and various ad hoc project related tasks such asnew regulatory and compliance mandates. As this is a middle office role, youwill be communicating with a wide variety of areas critical to supporting thebusiness including Trading, Sales, Business Management, Finance, Operations, Technologyand Market/Credit risk teams.

Key Responsibilities
· Maintain trading operations and risk management system integrity for our tradingbusiness
· Control the risk management environment to ensure accurate P&L and riskmeasures are available for our trading desk
· Responsible for all trade workflow events along the trade lifecycleincluding accurate trade capture and processing of amends and unwinds,regulatory reporting, trade and risk reconciliations
· Perform numerous control reconciliations including front office to middleoffice recs, middle office to back office recs, settlement and confirmationqueries and MTM valuations
· Complete necessary operations projects and ad hoc requests concerningregulatory initiatives and operations/tech enhancements
· Proactive in identifying issues/gaps and opportunities for new processimprovements, taking appropriate actions to deliver simple and innovativesolutions that improve the way we do business
Essential Qualifications

Education &Experience
· BA or BS degree required (Accounting,Finance or Business degree a plus)
· Basic understanding of FX/Ratesderivatives
· Proficiency with the tradingenvironment, risk management systems, performing critical operations controls
· Control oriented with afocus on efficiency and process improvement
· Effective and confident communicatorto deal with a diverse range of staff and to succeed in a fast pacedenvironment
· Independent/analytical thinker whocan quickly assimilate situations through to the associated risks, business orcontrol issues

Skills & Knowledge
· Strong analytical andquantitative aptitude, very detail oriented
· Highly organized and self-motivated,take initiative attitude
· Operations and control mindset, strong prioritization and time managementskills
· Understands the largefinancial risks that can be incurred through operational errors and control risks
· Strong PC Skillsrequired: in particular MS Excel (VBA is a plus)
To be considered for this role, you may be
required to complete a video interview powered by HireVue
J.P.Morgan logo