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Global Clearing Operations Client Assets Team Associate (Derivatives Ops)

Req #: 180004506
Location: London, ENG, UK
Job Category: Operations
Job Description:

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.

 

Global Clearing Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees.  Services provided to our Businesses include:

  • Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
  • Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices

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.

  • JPM is the 2nd largest Futures Commission Merchant based on Client Assets
  • Processes ~750,000 cleared and intermediated trades daily
  • Provides clearing at 62 global Clearing Houses
  • Settled USD equivalent 24.3Bn in physical deliveries Q1 2016
Location Description
 

This role is based in London. J.P. Morgan has been in London since the 1930s. It’s our headquarters for Europe, the Middle East and Africa. We offer an unparalleled client base and leadership across the spectrum of financial services products. We’re honored to be a premier financial institution in the U.K. But we’re just as proud of our ties to the community. The teams across our multiple offices support the Social Mobility Foundation, which helps disadvantaged youth get into top universities and organizations.

 
Job Description
 

The Global Clearing EMEA CASSS Team provides CASS operational support to the JPMS plc Global Clearing business.  Partnering closely with Operations, Finance, Legal and Compliance, the group ensures that the highest regulatory standards are met. The team requires a motivated individual to perform key control functions. The candidate should have detailed knowledge and prior experience of the UK regulatory CASS environment, and some operational knowledge of the futures and options business would be preferred.  We are looking for a team member that can identify process improvements and take ownership of issues through to closure,

 
Summary of Responsibilities
 
  • Performing the daily reconciliation of the internal client money calculation
  • Work with internal partners to implement regulatory changes as and when regulations are updated
  • Collate, interpret and present metrics at internal control and governance meetings
  • Acting as a principal liaison point with internal partners on CASS matters
  • Undertake ownership of work-streams/projects for remediation reviews, regulatory updates or new technology implementations.

Skills and Qualifications

 

•              Good understanding of operational processes and CASS impact on flows

•              Be a dynamic & proactive team player

•              Ability to work accurately and effectively under pressure

•              Strong time management skills required to meet critical deadlines and prioritize

•              Strong communication skills are required to communicate CASS matters both written and orally

 

 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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