Agency Securities Finance Operations - Trader Assistant - Associate
J.P. Morgan
Accounting & Finance, Operations
Worcester, MA, USA
Posted on Oct 24, 2024
Job Description
Agency Securities Finance (ASF) as agent lender provides equity and fixed income securities to broker dealers to facilitate their proprietary and client trading strategies. Where they have a requirement to borrow securities the lending desk negotiates a fee for the loan based on supply and demand and the type of underlying strategy. With 5 trading desks globally, JPMC offers a 24-hour service in 37 different markets.
As an Associate in the Agency Securities Finance Operations team, you will be responsible for providing regional operational support for our Discretionary Securities Lending businesses. You will work on a product that is positioned for significant growth and we are looking for dedicated individuals to support this expansion.
Job Responsibilities
- Assist the onshore trade desk in booking trades & rerates, fixing breaks and other tasks when necessary
- Work with key internal stakeholders to resolve outstanding issues, ensuring appropriate escalaton is performed. Where necessary, liaise with other departments and broker dealers to agree a satisfactory conclusion, ensuring minimum impact to Trading Services
- Assess and recommend process improvements to assist in risk mitigation and revenue generation
- Document and update current processes and trading agreements. Implementing any new controls and changes to workflow after appropriate sign off
- Provide revenue numbers, forecasts, commentary and other MIS for daily, weekly, monthly etc. reporting
- Provide support on ad-hoc project requirements such as technology enhancements, UAT testing, system updates and ownership of desk user tools
Required qualifications, capabilities, and skills
- Excellent knowledge of Global Financial Markets with a proven track record in a busy & dynamic environment
- Minimum 3 years’ experience in Securities Lending, Collateral Management, Settlements or Trade Support/Middle Office role
- Great understanding of digital tools such as Microsoft Excel, Tableau, Alteryx, Python & Xceptor
- Strong inter-personal and communication skills with the ability to build strong relationships with strategic internal & external partners
- A strong quality and controls focus, with an eye to continuous improvement
Preferred qualifications, capabilities, and skills
- Bachelor’s Degree in Finance, Economics or other related disciplines
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Operations teams develop and manage innovative, secure service solutions to meet clients’ needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.