Wealth Management, Structured Product & Derivatives Structuring Associate - JPMorgan Chase
New York, NY
About the Job
J.P. Morgan Asset & Wealth Management, with client assets of $2.8 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
As an Associate on the New York-based Derivatives Structuring team, you will focus on the development and implementation of new Structured Products and OTC Derivatives across all asset classes in the US. This includes both large scale distribution and bespoke client situations. You will also be responsible for implementing new regulations and business changes that affect the Structured Product and OTC Derivative business, on-boarding and maintaining Structured Product counterparty relationships, and enhancing and automating the trading platform and infrastructure that covers the end-to-end servicing model for Structured Products and OTC Derivatives.
We work closely with our traders in Equities, FX, Commodities, Credit and Rates; our Investment Advisors; our Investment Banking counterparties (both in-house and external); our Legal, Risk, Compliance, Credit and Corporate Tax colleagues and, in bespoke structuring situations - directly with the client and the Investment Advisor.
Job Responsibilities:
+ Innovate with new product development; including analyzing the economics, reviewing the legal disclosures, producing marketing materials and obtaining governance approvals.
+ Maintain and develop counterparty relationships, coordinate multi-functional relationship management with counterparties (e.g. Sales, Legal, Tax, Middle Office) and external platform vendors. Manage the annual review of the Structured Product issuance documents with the counterparty. Work with our vendors to keep developing the end-to-end automation and improve the life-cycle of our products.
+ Participate as a key stakeholder in the working groups covering the implementation of new regulations; enhancements to the business model or changes to trading processes for both Structured Product and OTC Derivative businesses.
+ Review and negotiate Structured Product and OTC term sheets with the counterparties. Ensure approvals from Legal and Supervisory Management are obtained prior to trading. Work with our vendor to keep developing the set-up and incorporation of new termsheets (payoffs) into the trading platform.
+ Oversee the development of a systematized infrastructure for trading Structured Products and OTC Derivatives that incorporates automated pre-trade and suitability controls, life-cycle analysis, and risk metrics.
Required Qualifications, Skills and Capabilities:
+ A background in Investment Banking Structuring or Product Development.
+ Technical understanding and comprehension of the derivatives market and the documents supporting this business.
+ Previous experience in implementing process changes and improving automation, with experience in VBA or a good understanding of trading technology systems.
+ Strong communication and project management skills required.
+ Ability to work independently.
+ Demonstrated ability to analyze and solve problems and to manage multiple tasks at once.
J.P. Morgan Wealth Management Solutions comprises a workforce of more than 2500 professionals spanning across 50 cities globally. Within WM Solutions, diversity is not only a fundamental necessity, but a business imperative and we are committed to building an equitable workforce that represents the communities we serve. We understand the importance of inclusion, work-life balance, and our robust benefits (including comprehensive parental leave offerings, inclusive family building programs, and discounted childcare) reflect the wide-ranging needs of our increasingly diverse workforce. WM Solutions also fosters a culture of active engagement in our Business Resource Groups (BRGs), which serve as supportive networks for employees to share, develop and create community together.
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 over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
New York,NY $90,000.00 - $160,000.00 / year
As an Associate on the New York-based Derivatives Structuring team, you will focus on the development and implementation of new Structured Products and OTC Derivatives across all asset classes in the US. This includes both large scale distribution and bespoke client situations. You will also be responsible for implementing new regulations and business changes that affect the Structured Product and OTC Derivative business, on-boarding and maintaining Structured Product counterparty relationships, and enhancing and automating the trading platform and infrastructure that covers the end-to-end servicing model for Structured Products and OTC Derivatives.
We work closely with our traders in Equities, FX, Commodities, Credit and Rates; our Investment Advisors; our Investment Banking counterparties (both in-house and external); our Legal, Risk, Compliance, Credit and Corporate Tax colleagues and, in bespoke structuring situations - directly with the client and the Investment Advisor.
Job Responsibilities:
+ Innovate with new product development; including analyzing the economics, reviewing the legal disclosures, producing marketing materials and obtaining governance approvals.
+ Maintain and develop counterparty relationships, coordinate multi-functional relationship management with counterparties (e.g. Sales, Legal, Tax, Middle Office) and external platform vendors. Manage the annual review of the Structured Product issuance documents with the counterparty. Work with our vendors to keep developing the end-to-end automation and improve the life-cycle of our products.
+ Participate as a key stakeholder in the working groups covering the implementation of new regulations; enhancements to the business model or changes to trading processes for both Structured Product and OTC Derivative businesses.
+ Review and negotiate Structured Product and OTC term sheets with the counterparties. Ensure approvals from Legal and Supervisory Management are obtained prior to trading. Work with our vendor to keep developing the set-up and incorporation of new termsheets (payoffs) into the trading platform.
+ Oversee the development of a systematized infrastructure for trading Structured Products and OTC Derivatives that incorporates automated pre-trade and suitability controls, life-cycle analysis, and risk metrics.
Required Qualifications, Skills and Capabilities:
+ A background in Investment Banking Structuring or Product Development.
+ Technical understanding and comprehension of the derivatives market and the documents supporting this business.
+ Previous experience in implementing process changes and improving automation, with experience in VBA or a good understanding of trading technology systems.
+ Strong communication and project management skills required.
+ Ability to work independently.
+ Demonstrated ability to analyze and solve problems and to manage multiple tasks at once.
J.P. Morgan Wealth Management Solutions comprises a workforce of more than 2500 professionals spanning across 50 cities globally. Within WM Solutions, diversity is not only a fundamental necessity, but a business imperative and we are committed to building an equitable workforce that represents the communities we serve. We understand the importance of inclusion, work-life balance, and our robust benefits (including comprehensive parental leave offerings, inclusive family building programs, and discounted childcare) reflect the wide-ranging needs of our increasingly diverse workforce. WM Solutions also fosters a culture of active engagement in our Business Resource Groups (BRGs), which serve as supportive networks for employees to share, develop and create community together.
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 over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary
New York,NY $90,000.00 - $160,000.00 / year
Source : JPMorgan Chase
