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.
Derivative 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
Bournemouth. Over 4,000 employees work at the Bournemouth Corporate Center. We take immense pride in our work and in helping our community. We’re proud to leverage the local workforce and engage closely with local schools and charities. Our campus is set in 13 acres of grounds and includes on-site Tennis Courts and easy access to local sports facilities. We have good transport links including our commuter bus service. The site is currently benefitting from massive investment, redeveloping the office space into a High Performance Workspace and adding exciting new offerings to our communal spaces. We have 2 restaurants on site offering a wide range of healthy options. The staff are able to join in a wide range of groups from yoga to language classes, to groups supporting the diverse range of cultures represented here.
The DCO Middle Office Clearing team are responsible for top day position maintenance of all EMEA voice executed trades using the relevant markets watches and exchange GUIs. It is our responsibility to clear and reconcile all trades efficiently and accurately, chasing for allocations where needed and monitoring STP allocation systems for failures. We are also responsible for testing key systems in preparation for new releases of software due to regulatory change, efficiency improvements or bug fixes.
Summary of Responsibilities
Resolving top day issues
Mailbox maintenance and query resolution
Point of contact
Skills and Qualifications
Detail oriented with excellent numerical/analytical skills.
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
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.