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CIB Operations - Bookrunner - Associate – London

Job Description


The focus of the group is one of control. This particular position is in the EMEA Middle Office. The business is highly complex and involves a variety of Vanilla and Complex interest rate products. There is a strong operational discipline towards the management of the transaction cycle across the business and a great deal of effort is necessary to ensure tight controls.


The products range from the vanilla (interest rate swaps, swaptions, YCSO’s etc ) to the highly complex variety (Knock in, Knock Out, TARNS etc ) and have significant operational risk. Furthermore, there is significant interaction with a variety of business partners (Finance, FO, Market Risk, Settlements, Confirms, Technology) in order to manage the operations front to back. Strong analytical thinking coupled with strong IT skills is required to follow the composition of P&L and risk, as well as ensure its completeness and accuracy. In addition, the ability to communicate complex matters in a clear and concise manner is essential whether dealing with the FO or when dealing with other support groups.


To produce and explain daily P&L / Risk but also ensure its accuracy. .

  • Front to back ownership of the complex book.
  • To understand the cashflows associated with each trade and to work with the accounting and settlement teams to ensure that settlement is accurate and timely.
  • To be able to identify areas of improvement and implement new procedures or to change existing process flows to ensure tight controls front to back.
  • Build strong relationships across FO (traders and marketers), Accounting, Settlements and Technology
  • Ad hoc scenario runs that require the applicant to work well under pressure and within confined timing windows.


  • Product knowledge – Exposure to, and an in depth understanding of Structured or complex interest rate derivatives
  • Extremely detail oriented
  • Analytical and quantitative aptitude - it is essential to understand the "Greeks" and be able to explain their movements
  • Change Management: Adaptability to learn new tasks and demonstrate a willingness to understand the detail of a process
  • Control focused
  • Understanding of the transaction flow: Ability to look at the overall process and explain it to others
  • Time Management: Organization and prioritization of tasks, setting own deadlines and working to defined targets
  • Technical skills: The daily tasks will involve using several applications, in house, third party and out the box. A strong candidate would be someone who has experience using all Microsoft office applications and ability to code in VBA using Excel.
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.
About J.P. Morgan Chase & Co.
J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, J.P. Morgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about J.P. Morgan Chase & Co. is available at
JPMorgan offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan is an Equal Opportunity Employer.
Salary - Competitive
Closing Date -  12th May 2016
Req #: 160017058
Location: London, ENG GB
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: Pound Sterling (GBP)

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