Derivates Risk Application Developer - Associate - Based In Glasgow-100005073 Job Details

Job Description
This position is for a developer within the Global Analytics Team
 
Analytics is a major application developed in London, Glasgow and Mumbai. Analytics is part of JPMorgan's Equity Derivatives Pricing and Risk management platform. Every night, the Bank's entire OTC Derivative portfolio, over 50,000 instruments, needs to be priced not only to assess profit & loss but also to compute the Bank's exposure to changing market conditions - how much will we lose (or make) if, say,  the price of oil rockets overnight or the Euro plummets. This has to be delivered every day and on-time without fail to enable the traders to trade and manage risk, for effective financial management and to meet critical regulatory requirements.
 
The Bank also needs to deliver to the market new financial derivates products in as short a time as possible in order to win business ahead of our competitors. Whilst time to market is important, it is also important to deliver a professional, reliable, robust and scalable solution. This role is a pivotal part of that delivery.
 
It will offer the successful candidate an opportunity to gain insight into leading edge derivatives products in the Equities FLOW, Delta, Equities Exotics and commodities arena and to become familiar with the market data business. Analytics is part of JPMorgan's leading edge equity derivatives risk platform that uses technologies such as Sybase, C++, Java, and Platform Symphony grid computing middleware. Scalability is achieved by distributing pricing calculations over thousands of CPU cores.
 
The role will require the successful candidate to: 

    * Develop and maintain product implementations to functional & technical specifications.
    * Work within a defined quality assurance process.
    * Investigate, debug and resolve issues with pricing the derivative products.
    * Becoming familiar with the financial products and other business aspects related to the application.
    * Liaise with developers and the business analysts in other locations (London and Mumbai) and to understand requirements and identify technical solutions.
    * Liaise and work with those responsibly for the first and second line production support of the application to resolve production issues. This includes assisting trader support teams and other development teams in investigating identify and resolving application related issues.
    * In due course participation in the teams' intraday 3rd level support rota.
    * In due course participation in the teams' out-of-hours 3rd level support rota.

Qualifications
Education
Numerical degree or equivalent
 
Technical Competencies:

    * Relational databases (Sybase preferred, with other major database product experience considered)
    * SQL/stored procedure programming
    * XML
    * Strong analytical skills
    * Numerate, comfortable working with numeric data
    * A understanding of development processes
    * UNIX  (editing files, basic commands)

Essential Experience:

    * Experience in a professional development environment preferably in a delivery role
    * Strong SQL including performance tuning
    * Good team working abilities, including working with remote teams
    * Ability to manage dependencies and proactively anticipate and creatively deal with issues
    * Working within controlled software development lifecycle processes

Desired Experience:

    * Experience in an investment banking environment
    * Experience in UNIX shell scripting, use of command line features.
    * Programming experience in Java or C++ is not expected but would be of value

Personal

    * Self motivated;
    * Positive 'can do' attitude is essential;
    * Ability to work under pressure and to deadlines;
    * Good team worker;
    * Good personal organisation;
    * Good written communication skills;
    * Good verbal communication skills, including the ability to discuss issues, at both high and detailed levels, with both BAs/developers and users;
    * Analytical /logical problem solving skills;
    * Ability to work under pressure whilst delivering results fast.
    * Flexible approach to meeting targets, roles and responsibilities
    * Fluency in English.

Continuous Improvement:

    * Contributes to continuous improvement

People Management:

    * Promotes teamwork in problem resolution

JPMorgan offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan is an Equal Opportunity Employer.
 
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chasebrands. Information about the firm is available at www.jpmorganchase.com