CIB Market Operations - Trading Cost Management - Regulatory Reporting Business Analyst- Associate

Job Type:Full Time

J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
Operations provide support across the whole of the CIB.
The Trading Cost Management group is responsible for the overall management of trading related costs that JP Morgan spends annually, including but not limited to:
  • Receipt, substantiation, allocation and payment of trading fee related invoices
  • Reporting of regulatory trading cost rules
  • Business design & build out of the technology strategy and infrastructure required to calculate global cross asset class execution costs covering the end to end Trade Lifecycle, facilitating transparency & analytics, accurate financial allocation, invoice reconciliation and substantiation and cost reduction strategies
  • Trading cost process improvement through robotics and other AI solutions
JPM are happy to talk flexible working. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Location: Chaseside, Bournemouth BH7 7DA, United Kingdom
Job Description:

Trading Costs are an area of considerable focus with the CIB. The urgent need for the build out of strategic infrastructure to provide transparency, facilitate cost reduction and apply financial and regulatory reporting control is at the forefront of priorities within the Operations world, in partnership with other functions such as Markets, Finance and Technology.
You will support the production of trading cost regulatory reporting, including performing regular assessments to ensure accuracy and own the management of and escalation of exceptions. You will review current state regulatory reporting processes and implement process improvements.
You will participate in the build out of regulatory reporting within our strategic cost calculation and analytics platforms and automation solutions. You will be involved in the analysis, design and planning phases, defining requirements, completing testing and executing delivery. You will integrate the new solutions into existing processes across internal Operational functions, Front Office and Finance.
Summary of Responsibilities
  • Comply with the regulatory trading cost rules, including but not limited to: German Foreign Trade and Payments Regulation (AWV) Cross Border Transaction Reporting, SEC Rule 606(a) of Regulation National Market System (NMS) Reporting & FINRA Trading Activity Fee (TAF) Reporting
  • Assist with the production of regulatory returns (AWV, SEC 606(a), TAF Reports)
  • Assist with the development and maintenance of the internal calculation and reporting tools on an ad hoc daily, weekly and quarterly basis
  • Exception management, including the logging, internal risk and issue reporting, investigation and closure of daily calculation exceptions
  • Work with the regulatory reporting manager to review processes relating to regulatory reporting to identify improvements and thus enhance control / system capabilities
  • Analysis and documentation of current versus future state regulatory reporting processes and workflows
  • Collation of business requirements and working with technology in the translation of manual processes to automated reporting tools
  • Keep up to date with developments and changes in regulatory issues

Skills and Qualifications

  • Experience within a banking organization or a similar financial services institution

  • Knowledge of the trade and execution cost lifecycle beneficial

  • Ability to work under pressure, under deadline-driven conditions

  • Exposure to regulatory reporting and awareness of regulatory reporting rules

  • Business Analyst skillset, with strong analytical, interpersonal, oral and written communication skills

  • Knowledge of the software delivery lifecycle beneficial
  • Ability to lead projects with tight deadlines, be flexible and organize and prioritize work

  • Skilful at evaluating and improving processes, synthesizing information to reach logical conclusions and documenting and presenting findings

  • Self-motivation and ability to work with minimal supervision within a team structure

  • Intermediate Microsoft Office skills (especially Ms Excel, PowerPoint)

  • Thorough working style and excellent attention to detail

  • Excellent analytical and reporting skills

To be considered for this role, you may be required to complete the video interview powered By HireVue.

About J.P. Morgan’s Corporate & Investment Bank:

J.P. Morgan’s Corporate & Investment Bank 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. Further information about J.P. Morgan is available at

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme.