Trading Services [Multiple Positions Available]

JPMorgan Chase & Co.•New York, NY

4d•$99,200 - $110,000•Onsite

About The Position

This role supports the Equity Derivative Structured Products Desks in North America, covering both sales and trading for exotic and flow derivatives business lines. The position also provides support to the cross-asset sales team in the issuance and lifecycle of non-equity linked structured products. Key responsibilities include facilitating trade bookings, querying structured trades, and validating their economic integrity for proper settlement. The role also involves client setup, managing secondary buyback formalities, and facilitating pricing using tools like Bloomberg. Collaboration with sales is essential to ensure pre-trade approvals for new structured products and correct client onboarding before the issue date. The role requires preparing various calculations for structured trades across equities and cross-asset classes, including equities, expiries, coupons, physical payoffs, and drafting fixing notices. Calculations are performed using term sheets, confirmations, and Excel models, with data sourced from Bloomberg and other platforms. Trade capture of Structured Products into front office systems is a core duty. Additionally, the role involves initiating and working on projects to reduce manual labor, enhance controls, mitigate input errors, and reduce costs within the middle office by leveraging low-cost centers. The objective is to drive the future state of the Structured Products business and improve daily processes.

Requirements

Bachelor's degree in Economics, Business Administration, Finance, Mathematics, or related field of study.
1 year of experience in the job offered or as Trading Services or related occupation.
Experience with Structured Products under various asset classes including Equity Derivatives, FX, Rates, Credit, and Commodities.
Experience with Risk management systems and unique risk measures for each type of asset class including Equity, Credit, Rates, Commodities, and FX, including Delta, Gamma, Theta, Rho, and Vega.
Experience with booking flows of structured products from FO risk systems, through the full product lifecycle management including coupons, knockouts, and corporate actions, to settlement involving issuance and paying agents, custodians, and clearing systems.
Experience with trade and product lifecycle of derivative products across both securitized and OTC products.
Experience with controls processes surrounding the trading and lifecycle of financial products including pre-matching, fails monitoring, inter-entity and inter-system reconciliations, and PnL monitoring.
Experience coding Excel macros using VBA to automate recurring tasks involving data extraction, transformation, and communication using e-mail.
Experience using low code tools including Alteryx, Tableau, and UI Path to develop data analytic models, dashboards, and automation solutions.
Experience with large data models and data infrastructure for large firms.
Experience writing SQL and Python scripts to run large-scale queries to obtain information from databases.
Experience using market data systems including Reuters and Bloomberg, and working with the various screens and tools the platforms offer including using Bloomberg add-ins for Excel to set up automated queries.

Responsibilities

Support the Equity Derivative Structured Products Desks in North America, covering both sales and trading for exotic and flow derivatives business lines.
Provide support to the cross-asset sales team in the issuance and lifecycle of non-equity linked structured products.
Facilitate trade bookings, query structured trades, and validate the economic integrity of trades to ensure proper settlement.
Complete client setup, action secondary buyback formalities, and facilitate pricing using Bloomberg and other tools.
Collaborate with sales to ensure pre-trade approvals for new structured products.
Ensure clients are onboarded correctly and complete all pre-trade formalities before the issue date.
Prepare various calculations for structured trades including equities and cross-asset classes, expiries, coupons, physical payoffs, and draft fixing notices for custodians.
Perform calculations using term sheets, confirmations, and Excel models, pulling data from Bloomberg and other sources.
Responsible for trade capture of Structured Products into various front office systems.
Initiate and work on projects to reduce manual labor, increase controls, and mitigate the risk of input errors.
Identify, implement, and support efforts to reduce manual work per trade, and collaborate with other teams to reduce costs within the middle office by leveraging low-cost centers.
Drive the future state of the Structured Products business and improve daily processes.