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CIB – Prime Services – Global Clearing Product Development – Associate / Vice President

Job Description

J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients' needs, anywhere in the world.  We operate in 150 countries, and hold leadership positions across our businesses.  We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day.  This is why we are the most respected financial institution in the world - and why we can offer you an outstanding career.
Our team
The business has formed a Global Clearing Product development team whose function is to engineer and execute the strategic Global Clearing business agenda with an emphasis on new and or enhanced clearing, execution, and client facing capabilities. Additionally the team is responsible for fulfilling the many new regulatory requirements impacting the Global Clearing business, improving overall efficiency/controls and finding/executing on cost saving opportunities. 
As part of the front office, the Product Development engages in daily interaction with colleagues across all functions including: the Operations and Technology, Finance/Business Management, Sales and Client Service teams. This also includes interaction with the P&L heads of the Global Clearing business as required. The role offers a 360 degree view of the Global Clearing business and all functions involved with the support of the business. 
Global Clearing Product Development is responsible for leading key global business initiatives that span a broad range of products within both the F&O/OTC clearing and space. This includes Futures and Options Exchange Traded products in addition to cross asset class (Credit, Foreign Exchange and Rates) cleared and intermediated derivatives.  The qualified individual will report to the Global Head of Product Development and facilitate the development and execution of global and regional business items.
The main business items for this specific role are:
  • Assist and/or lead the roll out of new global initiatives, platforms and/or processes across F&O and OTC clearing and FX PB
  • Expansion and industrialization of the existing product offering across F&O and OTC clearing and FX PB
  • Execution/ownership of regulatory & compliance business initiatives, including business/client, technology, and operational readiness 
  • Execute Product agenda: specifically upfront work flow, risk limits and regulatory agenda items as required to support underlying business strategies
  • Work closely with both internal technology teams and external technology vendors to implement a best in class and scalable business solutions
  • Assist broadly as required with any and all Global Clearing business initiatives
Essential skills:
  • Background in F&O and/or OTC clearing/intermediation
  • Strategic thinking with commercial awareness of product positioning, competitive and market landscape
  • Strong organizational and communication skills to establish an agenda and propose trade-offs and priorities to the broader team
  • Self directed and capable of operating independently to work within the various clearing service groups
  • Good Leadership skills
  • Good understanding of post-trade functions including one (or more) of: Trade work flows, Clearing, Settlements, Margining and Cash Management
  • Fluent in English - both written and verbal
Desirable skills:
  • Technology, Operations, Business Management or Project Management skills
  • Experience in financial compliance, regulation or legal
  • Underlying product expertise in Fixed Income, Commodities, OTC swaps or Equities and central clearing
  • Prime Services background
About J.P. Morgan’s Corporate & Investment Bank:
J.P. Morgan’s Corporate & Investment Bank 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.  Further information about J.P. Morgan is available at
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
Req #: 180050517
Location: London, ENG GB
Job Category: Sales/Trading/Research
Employment Type: Full Time
Potential Referral Amount: 3500 Pound Sterling (GBP)

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