JPMorgan Chase CIB Operations (Derivatives Ops) - Clearing Analyst - Chicago - Professional in Chicago, Illinois
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
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.
Chicago. We’ve been in Chicago since 1863, and we’re one of the largest employers in the city. In 2013, we celebrated 150 years of our relationship with the city of Chicago. In the summer of 1863, JPMorgan Chase & Co. predecessor, The First National Bank of Chicago, opened its doors as the first "national" bank to serve the city of Chicago. We love this laid-back city that offers an intense array of cuisine, sports and architecture. See what we – and Chicago – have to offer. We have more than 16,000 employees in the Chicago area, including more than 500 veterans hired since 2011. Our employees devoted over 15,000 hours to charity in 2014 alone. Come join a team that gives its all, in and out of work.
The DCO Clearing team is responsible for trade processing and position maintenance of all North American Futures and Options trades using the relevant market 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
Candidate will be responsible for development of requirements for cross-regional clearing support in addition to North American responsibilities. This entails becoming proficient in EMEA clearing processes to be able to support that region as needed, as well as being responsible for NA exchange processing.
Take ownership of critical functions including but not limited to client allocations, average pricing, data entry, and static data maintenance
Manage risks for back office clearing activities
Increase operations efficiencies through the use of several automation tools
Work closely with other regions to ensure cross-regional resiliency – some initial travel may be required
Ensure standard operating procedures are up to date.
Assist with projects and testing as needed
Skills and Qualifications
Prior knowledge of F&O Clearing operations is desired with prior experience dealing with European exchanges a plus.
GMI and ClearVision experience, along with an understanding of F&O trade flows desired.
North America Exchange GUI knowledge desired.
Pit trade data entry and out-trade resolution a plus.
Detail oriented with excellent numerical/analytical skills.
Flexible schedule due to varying requirements within the F&O Clearing arena
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
Would suit someone looking for a flexible working opportunity
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.