Markets Operations - Cost Optimization Strategy Manager - Vice President-
J.P. Morgan
Operations
Are you ready to make a real impact on trading profitability? Join a team where your expertise drives both cost savings and revenue growth. You’ll collaborate with diverse colleagues, develop specialized skills, and gain a holistic view of trading profit and loss. Be part of a culture that values your ideas and supports your success.
As a Business Analysis Cost Optimization Strategy Manager within the Markets Operations team, you will work within the Cost and Commission Services group to develop and execute strategies that optimize trading costs across Brokerage, Clearing, and Exchange for Global markets. You will partner with trading desks across asset classes, including Equities, Interest Rates, Foreign Exchange, Credit, and Commodities, with a particular focus on North America (NAM) and (LATAM) Latin America covering all major countries in the region. You will analyze trading data, collaborate with stakeholders, and negotiate with third parties.
Job Responsibilities
- Understand the landscape of trading venues and their relationship with J.P. Morgan's trading desks
- Analyze big sets of trading data, brokerage data, and rate cards across asset classes to reveal cost associated with trades and find avenues to reduce such costs
- Present findings from data analysis to our global team, respective desks and business managers in an objective and precise manner
- Assist with ongoing and upcoming brokerage negotiations with brokers, along with drafting of rate cards
- Provide support with the design and implementation of management information system, including management of visualization dashboard (Tableau)
- Manage stakeholders internally (Trading Desks, Business Managers, Operations, Finance, Legal, Controls) as well as externally (Brokers/Venues)
- Provide support to the Cost and Commission Services operations team on the queries related to brokers/brokerage
- Provide regional updates to the Cost and Commission Services product team on market changes
- Assist in ad hoc projects like Cost+, Client connectivity optimization or others as deemed necessary by business
- Collate metrics to measure, mitigate, monitor and report risk
Required Qualifications, Capabilities and Skills
- Bachelor’s degree in Economics, Finance, Business, or related disciplines
- Minimum 8 years of work experience in the Financial Services industry
- Thorough understanding of Over-the-Counter (OTC) traded products, and trading venues
- Good understanding of trading flows and the agency business model
- Advanced analytical skills with proficiency in Microsoft Office Suite (i.e. Excel, PowerPoint, etc.)
- Excellent communication skills
- Knowledge of Tableau and Alteryx
- Excellent negotiation skills
- Act with integrity and with best interests of the firm in mind
Preferred Qualifications, Capabilities and Skills
- Knowledge of Structured Query Language (SQL) queries will be a plus
- Prior team management experience will be beneficial
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Cut trading costs—optimize fees, partner with desks, analyze data & negotiate vendors across regions