Rates Exotics and Hybrids Middle Office Senior Associate
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Department:
Job Summary
Join our Rates Exotics & Hybrids Middle Office teamdrive risk control PnL analysis and support complex trading operations!
As a Rates Exotics and Hybrids Middle Office Senior Associate in the Rates Exotics and Hybrids Middle Office team you will provide first-line support for the Rates trading business and act as a key point of contact for numerous downstream will ensure the accurate capture of the business transactions systematically managing product complexity report on the subsequent risks resulting from these transactions and present attributed PnL to the desk on T.
Job responsibilities
Acts as the primary control over the accurate capture of the business transactions in the Risk Management System
Analyses and verifies Risk and P&L new for transactions traded during each day
Monitors and manages trade events throughout the lifecycle of the transactions e.g. option exercises knock ins/outs refixing
Reviews legal documentation for accuracy vs. the Risk Management System booking
Liaises with Marketing support and downstream groups
Produces and validates daily P&L and Risk positions for the desks
Investigates and resolves P&L and Risk queries from Front Office
- Creates and runs ad-hoc risk scenarios for the trading desk which can involve producing impact of parameter changes hypothetical market situations what if worst case etc.
- Conducts stress testing scenarios for Trading and Market Risk
- Produces risk reports for use by Valuation Control Group (VCG)
- Produces Risk and P&L impact analysis for QR resulting from model or analytical changes
Required qualifications capabilities and skills
Product knowledge: Understanding of vanilla and complex fixed income products
Vanilla Products: FXOptions IR Swaptions Swaps XCCY Swaps Equity Options
Complex Products: Power Range Dual Currency Swaps/Notes (PRDC) is our main product
Risk: Understanding of the greeks
PnL: Understanding of trading PnL and key drivers
Understanding of risk types: Market operational settlement credit legal and reputational
Systems skills: Understanding of risk management and reporting systems straight through processing Excel/Access
Problem solving: Developing and implementing solutions to often complex issues
Control: Understanding and implementing the control framework to mitigate risk through the transaction lifecycle
Projects: Assisting in the delivery of tactical and strategic systems / process solutions
Networking and the bank-wide perspective: Understanding the needs of other groups and the importance of relationship building through extensive interaction
Required Experience:
Senior IC
Key Skills
- Airside Operations
- Desktop Support
- Corporate Risk Management
- Gallery
- Agile Testing
- Humming Bird
About Company
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans ov ... View more
