At a Glance
- Tasks: Support dynamic teams in trade booking and process improvement for structured products.
- Company: Join a leading financial institution with a focus on innovation and teamwork.
- Benefits: Competitive salary, career development opportunities, and a collaborative work environment.
- Why this job: Make an impact in the fast-paced world of equity derivatives and structured products.
- Qualifications: Strong knowledge of structured products and excellent attention to detail required.
- Other info: Opportunity to work on projects that enhance efficiency and reduce manual tasks.
The predicted salary is between 36000 - 60000 £ per year.
Support EMEA Equity Derivative Structured Products Desks, ensuring seamless trade booking, validation, and process improvement in a dynamic team. As a Structured Products Operations Senior Associate in the Structured Products Operations Middle Office team, you will be supporting the Equity Derivative Structured Products Desks in EMEA, covering both sales and trading for the exotic business lines. You will be facilitating trade bookings, queries on various structured trades, validating the economic integrity of the trades, ensuring settlement, client set-up is complete, all secondary buybacks formalities are actioned and facilitation of pricing (Bloomberg, Telekrus, Reuters etc).
Job responsibilities
- Works with sales to provide pre-trade approvals on new structured, ensuring clients are on‐boarded correctly and ensure all pre-trade formalities are completed prior to issue date.
- Prepares various calculations on structured trades (cross asset class) for expiries, coupons, physical pay‐offs and drafting fixing notices for custodians. Calculations are calculated using term sheets, confirmations and models built in excel pulling in data from Bloomberg and various data sources.
- Is responsible for booking Structured Products into various front office systems. Products range from ETP (exchange traded products/notes), range accruals, accumulators, auto‐callable, callable notes, FX notes and various other exotic structures.
- Works with sales and trading to build the ETP (exchange traded products/notes) business to on‐board new trades, automate the flow and work on enhancing the exciting marketing material to ensure this covers all JPM new product range.
- Works on projects to reduce manual labour, increase controls and mitigate risk of input errors.
- Identifies, implements and supports efforts to drive down manual work per trade, and works with other JPM teams in reducing costs within the middle office by taking advantage of our low‐cost centres.
- Improves daily processes to cut down on manual tasks, reduce risks, increase controls and assist in all new business activities.
Required qualifications, capabilities, and skills
- Excellent product knowledge on a range of Structured Products under various asset classes (Equity Derivatives, FX, Commodities etc).
- Understanding of the booking flows of structured products from FO risk systems, to full product lifecycle management (coupons, knockouts, corporate actions) to settlement (from JPM, to custodians to clearers).
- Excellent attention to detail.
- Control mind set.
- Time Management, ability to prioritise effectively, to be able to work under pressure in an ever changing and evolving environment while not compromising the quality of the end result.
- A team player, capable of building effective business relationships across the organisation, an understanding of the difference of what different teams within the bank do and ensuring the correct teams are engaged and utilised when required throughout the life of a trade.
- Pro‐active approach to problem solving; root cause analysis, identifying solutions and taking ownership of these to resolution.
Structured Products Operations - Senior Associate in London employer: Jpmorgan Chase & Co.
Contact Detail:
Jpmorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Structured Products Operations - Senior Associate in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working in structured products. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your product knowledge. Be ready to discuss specific structured products and their booking flows. Show us you know your stuff, and you'll stand out!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you and match your skills. We’ve got plenty of opportunities waiting for you!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. It shows your enthusiasm and professionalism, which we love to see in candidates.
We think you need these skills to ace Structured Products Operations - Senior Associate in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Structured Products Operations role. Highlight your experience with equity derivatives and structured products, and don’t forget to mention any relevant skills like attention to detail and time management.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re the perfect fit for this position. Share specific examples of how you've supported trading desks or improved processes in previous roles. Show us your passion for structured products!
Showcase Your Technical Skills: Since this role involves working with various systems like Bloomberg and Excel, make sure to highlight your technical skills. If you’ve automated processes or improved workflows, let us know how you did it!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right team!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Know Your Structured Products
Make sure you brush up on your knowledge of various structured products, especially in equity derivatives and FX. Be ready to discuss specific products like ETPs, callable notes, and how they fit into the overall market. This will show that you’re not just familiar with the terms but can also engage in meaningful conversations about them.
✨Master the Booking Flows
Understand the entire booking flow of structured products from front office risk systems to settlement. Be prepared to explain how you would ensure the economic integrity of trades and what steps you would take to validate them. This demonstrates your grasp of the product lifecycle and your attention to detail.
✨Showcase Your Problem-Solving Skills
Be ready to share examples of how you've identified issues in processes and implemented solutions in previous roles. Highlight your proactive approach to problem-solving and how you’ve contributed to reducing manual work or increasing controls. This will resonate well with their focus on process improvement.
✨Emphasise Team Collaboration
Since this role involves working closely with sales and trading teams, be sure to highlight your experience in building effective business relationships. Share instances where you’ve collaborated across departments to achieve a common goal, showcasing your ability to engage the right teams throughout the trade lifecycle.