Corporate – Front Office Junior Treasury Trader – Global Treasury – Associate – Johannesburg

by | Jul 7, 2019

JP Morgan Chase

Website JPMorgan Chase

Req #: 190023355
Location: Johannesburg, GT, ZA
Job Category: Corporate Staff
Front Office Junior Treasury Trader – Global Treasury
J.P. Morgan Chase, Johannesburg, South Africa 

J.P. Morgan Johannesburg, South Africa:

J.P. Morgan is a leading global financial services firm with operations in more than 100 countries. The firm provides a broad range of financial services customised to meet the needs of their clients, utilising one of the most comprehensive global product platforms available. The firm has demonstrated its leadership in the market throughout economic instability, taking a long-term approach to client solutions. The firm’s actions have always reflected a commitment to do the right for today and tomorrow. Information about the firm is available at www.jpmorganchase.com

 
J.P. Morgan South Africa is a strong franchise and one of the leading Investments Banks in South Africa. JPM Global Treasury is responsible for the Funding and Liquidity risk management of the organisation worldwide. Global Treasury activity extends over multiple legal entities and 50+ currencies and markets.
 
Corporate – Treasury Funding – Junior Treasury Trader Analyst/Associate
The Johannesburg Junior Treasury Trader will be responsible for working closely with the local Treasurer to manage the daily funding and liquidity needs in the branch, assist in ensuring that the branch meets the Prudential Regulatory Requirements including liquid asset requirement (LAR), local asset requirement, Internal Stress and other BASEL III requirements, Real time Rand settlements and collateral needs and understanding of local ZAR currency controls.
 
The Junior Trader will be expected to understand the local balance sheet and business and risk drivers as well as interface with London CIO/T where necessary on Funding, FTP, Country, Credit, Counterparty and Market Risk limits.  
 
The role will assist in preparing information for the local ALCO and funding related meetings with Regulators.  The Junior Trader will liaise closely with the lines of business to understand the impacts on the local balance sheet to better anticipate funding and potential regulatory requirement shortfalls.
 
Additionally, the Junior Trader may be involved in the local and global implementation of Basel rules and may be asked to take on project work related to local stress-testing and ad hoc funding, liquidity and risk management projects.
   
Key responsibilities include:
  • Develop the skills and confidence to be an effective back up for the local Treasurer
  • Understand the funding flows, sourcing and deployment of funds within set risk limits to square the cash position of the Branch daily via internal and interbank trades and FX Forwards
  • Understand how changes on the balance sheet roll through and impact on the various applicable JHB Branch regulatory requirements
  • Understand the impact of trading activity on BPV risk and PnL for Corporate Treasury and be able to sign off on daily MO reporting
  • Attain a specialised knowledge and understanding of the South African Money Market
  • Assist and  execute  funding trades, such as interbank trades,  FX Forwards, as well as T-bill purchases and bilateral repos to manage local regulatory requirements while adhering to internal risk and regulatory  parameters.
  • Deal initiation, input, amendment & cancellation on the various front office trading systems utilised by JPM Corporate Treasury.
  • Support the local governance frameworks, including preparation and updates for the local ALCO and funding related regulatory meetings.
  • Assist in preparation of daily market and local funding commentary and weekly management updates on local liquidity and Treasury activity.
  • Work closely with the Regulatory Reporting, Finance, Compliance, Liquidity Risk and Market Risk teams to develop and maintain Corporate Treasury processes and regulatory reports in line with the evolving regulatory environment
  • Assist in implementing Funds Transfer Pricing and related policies locally.
  • Analyze balance sheet flows and trends, assessing impact on funding gap and liquidity risk.
  • Liaise closely with cash management, middle office and operations to  ensure accuracy of information, proper controls and timely resolution of issues.
  • Handle special ad hoc situations and requests for analysis
Technical Skills
  • Previous experience in Money Market & FX Fwd Trading in the South African Markets would be an advantage
  • Detailed knowledge of JPM Treasury Front office operating model and operating processes would be an advantage
  • Liquidity Risk and Balance Sheet management experience preferable
  • Funding and Interest Rate Risk Management experience preferable
  • Strong and clear communication skills, ability to think through and follow policies
  • Knowledge of Bloomberg market data, and Reuters dealing system
  • Strong analytical skills; excellent aptitude for numbers, attention to detail, quick learner
  • Excel in a fast paced environment
  • Strong written and verbal communication skills
  • Outstanding presentation skills
  • Strong teamwork ethic
  • Ability to contribute to a strong control and risk culture
  • Technical skills to include MS PowerPoint, Access
  • Required local Licensing/Registration to trade

Qualification Requirements:

  1. RPE – Registered Persons Exams (Money Market)
  2. BCom or BSc equivalent degree. 

Location

  • Role is based in Johannesburg , South Africa

Reporting

  • Role will report to the JHB Treasurer locally.
About J.P. Morgan Chase & Co:
 
J.P. Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.1 trillion.  The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its JPMorgan and Chase, and WaMu brands.
 
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package. J.P. Morgan is an Equal Opportunity Employer