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CIB Operations - Equities Middle Office – UK Funds Management Funds Trade Support - Associate

Job Description

The Mansart  Middle Office within IB Equities work at various levels associated with the lifecycle of the Fund transactions supporting the Equity Derivatives Group (EDG) trading businesses.
The London based team’s primary function is controlling the transaction flow management of multiple Fund trades resulting from client orders from point of capture through the life cycle of the trade to settlement in the market. 
The team is responsible for:
  • Ensuring that all trades executed are entered completely & accurately into the Risk Management systems
  • Daily management of trade life cycle events
  • Perform core start-of-day and end-of-day controls to ensure that the FO are trading on the correct risk
  • Ensuring all trade capture and reporting exceptions are verified, cleared and escalated where appropriate in a timely manner
  • The integrity and continuous improvement of the pre and post trade controls environment
  • Maximizing trade processing STP through tactical problem solving and root cause analysis
  • Producing analysis for the trading desks and senior management
The team works closely with the Front Office trading desks as well as the UK and off-shored Back Office settlement teams. 
Core tasks include:
  • Check to ensure all trades are fully routed to downstream systems
  • Ensure that all books are closed & run at EoD and that P&L is signed off
  • Resolving and managing the risks associated with failing trades – requiring frequent communication with trading desks and back-office settlement teams
  • Maintenance of trade flow and counterparty reference data to ensure trades are processed accurately
  • Analysis of trade cancels/ amends and late bookings to identify systematic, trade flow or behavioural trends to drive procedural and strategic process improvement
  • Timely resolution of breaks on system-to-system reconciliations and trade flow controls
  • Acting as SME for core systems (e.g. Firestar, Sphinx, Napoli) and ensuring systems offer required functionality and that user configurable logic is up to date and accurate
  • Ensuring issues are escalated in a timely manner to allow proactive corrective action and avoid the business incurring unnecessary costs or reputational risk
  • Understanding specific client/ product/ market sensitivities
  • Building collaborative relationships with technology teams, the business and other MO and BO teams
  • Identifying and applying best practice
  • Looking for innovative solutions to reduce error potential and improve control infrastructure
  • Staying up to date with market wide initiatives, technology developments and new business initiative
The specific experience necessary for this position is:
  • Strong securities knowledge is required; understanding of derivative products is a plus
  • A minimum of one year prior Operational and/or line experience, is required
  • Self-motivation and demonstration of initiative
  • Excellent Analytical skills
  • Excellent oral and written communication presentation skills
  • Highly organized
  • Extremely detailed orientated
  • Control orientated
  • Keen to question everything and understand the detail behind the process
  • Strong PC Skills : in particular Excel, Word and PowerPoint
About J.P. Morgan Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Req #: 180037716
Location: London, ENG GB
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 3500 Pound Sterling (GBP)

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