CIB – F&BM – Business Manager – Associate/VP – Global Credit Markets
Business Overview
J.P. Morgan is a top-tier bank in the Global Credit Markets, and is a market leader in terms of volume traded, breadth of issuers covered and investor relationships. The Global Credit Markets division consists of three businesses
• Global Credit Trading
• Global Credit Hybrids
• Global Syndicate
The EMEA Credit Markets franchise is a leading market maker in European credit derivatives and corporate bonds. J.P. Morgan provides financial assets and liquidity for banks, insurance companies, finance companies, mutual funds and hedge funds. Traders, salespeople and research analysts work collectively to generate ideas and make secondary markets in high grade/high yield bonds/CDS, distressed bonds, trade claims, indices, exotics, and illiquids credits.
Global Syndicate works in partnership with origination, capital markets and the secondary Credit Trading desk to combine superior debt origination and structuring expertise with exceptional distribution and trading capabilities to a large investor base.
Main areas of focuses for Business Management are outline below:
Drive Business Strategy and Growth
• Act as trusted advisor and counterweight to Business Head(s)
• Contribute to strategic acquisitions and/or investments
• Establish business strategy and priorities (in conjunction with Business Head)
• Develop business cases for the commitment of resources
• Own and ensure delivery of strategic business initiatives
• Align front office teams and support groups (Fin, Tech, Ops, Legal, HR) to business priorities
• Ensure business strategy considers market structure and regulatory changes
• Communicate business strategy, performance and priorities
• Develop regional, cross-business and industrial partnerships
Manage Business Risks
• Identify, escalate and mitigate business risks that could impair our ability to do business:
- Specific threats (e.g. legal, tax, regulatory, capacity issues, extraordinary transaction costs)
- Compounded problems (e.g. under-investment in product workflow across several support areas)
- Systemic risks (e.g. market failure, fraud, new competitive forces)
- Risks within new product build out (own NBIA process)
- Key person dependencies across the end-to-end business
• Oversee that an effective control environment exists (including functions covering market, credit, operational and reputational risk)
• Ensure that effective business continuity plans exist
Optimize Business Performance and Planning
• Optimize 'bottom line' business performance by driving key initiatives (brokerage, fees, cost base, RWA and capital utilization)
• Lead annual business budget process (in conjunction with Planning and Analysis)
• Ensure optimal resource budgeting and allocation to achieve business priorities (including directs, finance, technology, operations and other indirects)
• Oversee investment/productivity initiatives across the end-to-end business to achieve multi-year targets
• Oversight for real estate needs and space planning
• Lead client analysis and account planning
• Oversee deal management pipeline and forecasting
Qualifications:
The role of a business manager is dynamic and can vary from business to business, in line with the priorities of the different lines of business.
We are looking for an Associate/VP level Business Manager who will support the European Credit Markets business based in London. It is a time-pressured and high-profile position which is instrumental in assisting/advising senior management and in coordinating the deployment of the bank's corporate resources to address strategic and tactical objectives. The individual must be someone who possesses the following characteristics:
• A Self-starter,
• Highly motivated with excellent time management/prioritization skills,
• Able to analyze large data sets and present conclusions concisely
• Presents well to senior and global business heads and
• Ability to forge strong internal relationships across a broad range of functions
• An effective communicator skills
It would also be an advantage, but not essential, for the candidate to have an understanding on the following areas:
• Credit product knowledge,
• Technology and Operations, and
• Regulatory Reform in the US as well as Europe
• Banking or financial trading environment
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