CIB Operations (Derivatives Ops) - EMEA Regulatory Reporting Team - London - Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • J.P.Morgan
  • 22 Oct 18

CIB Operations (Derivatives Ops) - EMEA Regulatory Reporting Team - London - Associate

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.

Derivatives Operations provide operational support to Markets, Investor Services and Banking businesses across the CIB. Key product areas include Currencies, OTC Derivatives, Collateral Principal, Global Clearing, CASS & Outsourcing and Expense Management Unit with a global team of ~1500 colleagues. Services provided to our Businesses include:

  • Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Expense Management and CASS & Outsourcing Support
  • Typical daily activity includes settling in excess of $2TRN via FX trades, leading a Markets OTC portfolio of 3M trades, managing collateral balances in excess of $350BN and processing ~700K cleared and intermediary trades

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. We are committed to offering our staff the ability to work in a dynamic manner, which will allow the successful candidate to leverage options around working from home and other JPM locations where desired in order to fulfill your role in an efficient manner.

Job Description

The Regulatory Reporting Team is part of the Global Clearing Team for Derivatives Clearing, covering both F&O and OTC Cleared Derivatives products. The team is responsible for managing all regulatory reporting requirements in EMEA and NA, as well as the implementation of changes driven by both internal and external Regulatory requirements globally.
Description:
  • Day to day management of exception processing and supervision of daily regulatory obligation output.
  • Design and develop metrics and dashboards for senior management review of reporting data
  • Actively pursue improvements to processes focusing on Controls, STP & KPIs
  • Identify process, system and interface impacts, operating model changes resulting from regulatory initiatives working in partnership with key stakeholders e.g. business, technology, compliance, risk and finance as required.
  • Proactively communicates identified gaps/priorities to key stakeholders;
  • Effectively translates business requirements into value-added, comprehensive solutions and test plans using appropriate processes, procedures and technology.
  • Development of relevant test scenarios to ensure that testing results correspond to the business expectations.
  • Create and publish standard operating procedures
  • Involvement in industry events to keep aware of changes to the reporting obligations
Qualifications:

  • Regulatory reporting knowledge on EMIR, MIFID II, CFTC reporting
  • Good working knowledge of EMIR transaction, valuation & collateral reporting
  • Experienced in business analysis, identify and define solutions by analyzing regulatory reporting data
  • Working experience with F&O and OTC Derivatives products
  • Strong analytical, time management, interpersonal, oral and written communication skills
  • Able to work independently with minimum supervision

Desired Skills
  • Operational data analysis experience and recommending best practices/ solutions
  • Excellent excel skills
  • Excellent logical and analytical skills
  • Skills with regards to Functional Specifications and UAT testing
  • Excellent multi-tasking skills
  • Detail orientated and able to communicate clearly with different audiences