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Markets Financial Resource Management - Associate

Company: JPMorgan Chase & Co.
Location: New York
Posted on: June 12, 2021

Job Description:

About J.P. Morgan

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 a large diversified list of 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 Business

Global Equities & Prime Services is a division of the CIB and engages in trading, market making, financing and clearing activities on a variety of equity and equity derivative products providing liquidity and risk management capabilities to a wide range of clients including asset managers, banks and broker dealers, hedge funds, pension funds and insurance companies.

The Global Equities & Prime Services division comprises the Global Equities business, Prime Finance, and Global Clearing. The business has a global footprint and is organized in three geographical hubs in order to best serve our clients: North America (NAMR), Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).

Position Summary

You will be part of the Front Office organization and your role will be to work with the Equities & Prime Services management team & relevant desk heads to optimize their financial resource footprint (including, but not limited to, assessing capital, balance-sheet and funding/liquidity needs, understanding regulatory constraints and firm/CIB strategy and how this translates into challenges/opportunities for the business).

You will interface with Trading, Financing and Client Service organizations across Equities, Prime Finance and Global Clearing, as well as a broad range of CIB and Corporate support functions, as we develop strategies for optimal resource deployment and enhancing profitability for the LOBs under our remit.

You will also be part of and interface with the broader Markets FRM / Markets Portfolio Management team and support the cross-product needs of other Markets LOBs (i.e., Rates, Credit, SPG, FI Financing, etc.)

The open position is for an Associate with a background in finance and knowledge of securities (cash and financing) and derivatives products spanning all the major asset classes. Ideally, the candidate will also have an understanding of one or more of the following: funding, balance sheet dynamics, liquidity and capital.

Key Responsibilities

  • Become a subject matter expert on capital, balance sheet, funding and liquidity and understand how these financial constraints create challenges/opportunities for the Equities and Prime franchises
  • Play an instrumental role in establishing integrated capital and funding strategy across Markets Trading businesses
  • Analyze key financial metrics driving performance across different equity trading strategies and products
  • Understand the effects of internal policy and external regulatory changes to help manage balance sheet, funding, liquidity and capital related costs/charges within the Markets business
  • Support key regulatory requirements and projects such as CCAR, FRTB and Recovery & Resolution
  • Execute value-add FRM strategic initiatives which will enhance business profitability
  • Develop new and improved reporting tools and analytics to improve FRM team capabilities, and partner with MPM Data Analytics and Technology to create new Big Data solutions for the business.
  • Prepare material / presentations that report on FRM team insights and initiatives to senior management
  • Assist with other ad-hoc strategic and business transformation projects

Qualifications and Skills Required

  • Understanding of accounting, balance sheet, funding and regulatory principles and their application
  • Self-directed, highly motivated and able to work independently on multiple conflicting priorities and under pressure. Proactive and entrepreneurial
  • Good interpersonal and communication skills (verbal and written) with ability to interact comfortably with a variety of businesses, management and control functions
  • Strong analytical skills, a quantitative mindset and excellent attention to detail
  • Excellent Excel and Powerpoint skills
  • Experience and/or awareness of market, credit and liquidity risk aspects of financial products in both cash & derivatives instruments is an advantage

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.

Keywords: JPMorgan Chase & Co., New York , Markets Financial Resource Management - Associate, Other , New York, New York

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