Financial Resource Management (London) - is it FO or MO?
Hi, is it FO or MO role? What will the pay (+bonus) be like if anyone has any idea? It is based in London.
JD as follows:
You will be part of the Financial Resource Management across Fixed Income, Currencies and Commodities (FICC) with immediate focus in Rates, Fixed Income Financing, Currencies & Emerging Markets, Commodities and CPG businesses, while also expanding focus in Credit and SPG businesses. Your role will be to work with the Markets Portfolio Management team & relevant desk heads to optimize their financial resource footprint (including, but not limited to, assessing capital, balance-sheet and funding/liquidity needs, understanding regulatory constraints and firm/CIB strategy and how this translates into challenges/opportunities for the business). You will interface with trading and financing organizations across FICC, as well as a broad range of Markets, CIB and Corporate support functions, as we develop strategies for optimal resource deployment and enhancing profitability for the LOBs under our remit. In today's environment where regulation continues to play a significant role in shaping business, the group has a critical mandate to understand, quantify and manage risks associated with the increasingly complex regulatory landscape (Basel III, G-SIB, etc.) and internal policies. In this capacity, FRM plays an instrumental role in providing transparency and partnering with CIBT Treasury and other support functions to optimize the scarce resources. Key business partners include Trading, CIB Treasury, Market Risk Basel Group, CIB Risk and the Regulatory Capital Management Office. The open position is for an Associate with a background in finance and knowledge of securities (cash and financing) and derivatives products spanning all the major asset classes. Ideally, the candidate will also have an understanding of one or more of the following: an understanding of funding, balance sheet dynamics, liquidity and capital.
Main responsibilities:
• Become a subject matter expert on capital, balance sheet, funding and liquidity and understand how these financial constraints creates challenges/opportunities for the Fixed Income business franchises
• Play an instrumental role in establishing integrated capital and funding strategy across Markets Trading Business
• Provide analytical support for key projects relating to the capital and funding agenda for the Markets Trading Business
• Understand the effects of internal policy and external regulatory changes to help manage balance sheet, funding, liquidity and capital related costs/charges within the Markets business
• Monitoring of Balance Sheet usage and limit management
• Support key regulatory requirements and projects such as CCAR, FRTB and Recovery & Resolution
• Partner with MPM Data Analytics and Technology to create new Big Data solutions for the business.
• Establish relationships across CIB Treasury, CIB Risk, Market Risk Basel Group, Regulatory Capital Management Office, Finance, Legal, Compliance, and Operations to effectively manage business risks
BO
Definitely not FO mate
Thanks. How about the pay and exit opportunities including transiting to FO among others?
I’d never take a job only with the idea to try to move to another role internally. I mean it’s difficult guys!
I’d rather start in a less know firm with a FO role and then try to move in another institution. in this way you learn the job and have multiple shots with different firms.
Once you’re in backoffice it is way harder to escape from it
This is another role which seems to be in the same team (Financial Resource Management):
CIB – Quantitative Research - Financial Resource Management – Associate
Opportunity
The Quantitative Research team is looking for a strong candidate to lead all quantitative aspects of financial resource optimization across trading businesses including Equities, Rates, FX, Credit and Commodities.
The ideal candidate will have excellent working knowledge of concepts such as RWA/balance sheet/liquidity/GSIB, proven exceptional analytical acumen in his/her chosen field of study, demonstrated competency in a broad range of quantitative methodologies and a strong desire to understand the inner workings of the banking industry.
You will be a part of the team that is helping to transform business practices through optimization, data science and other quantitative methods where JP Morgan is a dominant player.
The role requires a combination of a structured approach to problem solving, a can-do mind set to data analysis and to work in a dynamic environment. Excellent communication skills are essential.
Responsibilities
This is 100% middle office at least. Other responses are misleading. However, it's not useful at all if you want to be in traditional IB because it's unrelated. You are involved in like peripheral parts of the balance sheet management of the bank. This is a good role if you want to move to S&T and be a xva/cva or repo/financing trader or even a traditional rates/fx/stir trader. Also good if you want to move into the balance sheet Chief Investment Office (it says you're working with them in the JD) or really any other part of treasury (capital markets, investor relations). The most related banking role in terms of skill set would be DCM or some type of FIG in IB or corporate banking.
exit to dcm, or buyside credit/special sits possible?
Thanks so much and very insightful. I’d give banana credit but unfortunately I’ve run out of credit to give.
although it’s MO, it seems that it’s not too bad in terms of exposure, exit opportunities and also working hours probably.
I’m wondering about the pay though. I guess the base might be similar to FO and the difference is mainly the bonus
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