CIB Operations (Markets Ops) - F&O EMEA Clearing Analyst - Bournemouth - Professional

Bournemouth, UK
12 Oct 2019
25 Oct 2019
Contract Type
Full Time
J.P.Morgan is a global leader infinancial services, offering solutions to the world's most importantcorporations, governments and institutions in more than 100 countries.

DerivativeOperations provides operational supportacross the CIB covering eight key product areas including FX, OTC Derivatives,Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, AgencyCollateral, Billing and CASS with ~1,900 employees. Services provided toour Businesses include:
  • TransactionProcessing, Confirmation, Settlement and Clearing, Collateral Management,Client Service, Invoicing and CASS Support
  • Typicaldaily activity includes settling in excess of $217B via FX trading, leading aMarkets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing10,000 margin calls, processing 470k cleared and intermediated trades andproducing >9,000 invoices

GlobalClearing 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 PositionManagement.
  • JPM is the 2nd largest Futures Commission Merchantbased on Client Assets
  • Processes ~750,000 cleared and intermediated tradesdaily
  • Provides clearing at 62 global Clearing Houses
  • Settled USD equivalent 24.3Bn in physical deliveriesQ1 2016

Location Description

Bournemouth . Over 4,000 employees work at the Bournemouth CorporateCenter. We take immense pride in our work and in helping our community. We'reproud to leverage the local workforce and engage closely with local schools andcharities. Our campus is set in 13 acres of grounds and includes on-site TennisCourts and easy access to local sports facilities. We have good transport linksincluding our commuter bus service. The site is currently benefitting frommassive investment, redeveloping the office space into a High PerformanceWorkspace and adding exciting new offerings to our communal spaces. We have 2restaurants on site offering a wide range of healthy options. The staff areable to join in a wide range of groups from yoga to language classes, to groupssupporting the diverse range of cultures represented here.

The DCO Middle Office team isresponsible for position maintenance of all EMEA voice executed Futures andOptions trades using the relevant markets watches and exchange GUIs. It is ourresponsibility to clear and reconcile all trades efficiently and accurately,chasing for allocations where needed and monitoring STP allocation systems forfailures. We are also responsible for testing key systems in preparation fornew releases of software due to regulatory change, efficiency improvements orbug fixes.

Summary of Responsibilities

Post-trade allocations
  • Ensuring all trades are allocated on top day for the execution business. All aged trades without allocations should be escalated to the execution desk/ CSR.

Resolving top day and desk break issues
  • Working with the execution desks, client services, brokerage and reconciliations team to ensure that all executions and commission breaks are resolved in a timely manner.

Position maintenance

  • Performing closeouts to maintain robust open interest reporting and remove risk of being assigned on netted off trades.

Mailbox maintenance and query resolution
  • Responsibility to review all emails into F O EMEA CLEARING and F O EMEA BREAKS mailbox. Responding to queries and resolving issues in good time before handling over to the NA team for global coverage.

Point of contact
  • Acting as the point of contact for all execution queries. Liaising with TA's, working with client services and operations to ensure that all execution issues are dealt with appropriately and on a timely basis.

System Testing.
  • To ensure that all technology system changes are robustly tested to ensure they have desired effect and interact with any upstream, downstream or lateral systems as expected.

Skills and Qualifications

  • Detail oriented with excellent numerical/analytical skills.
  • Control minded.
  • Works well under pressure and has the ability to multi task.
  • Self-starter, highly motivated and driven.
  • Team player who enjoys working in a fast paced environment

Shift pattern is in from 8-4 through to 11-7 shifts.

Happy to talk flexible working.
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.

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