Option trade processing

In detail

JPMorgan · 2005 to 2012 · Project Manager, Rates Sales and Marketing Technology

A scalable framework for capturing and processing high-volume OTC options, from vanilla to exotic, with pricing, affirmation and risk management in the same flow.

Scale: budget $1.5m

The challenge

Volumes demanded scale; exotic products demanded attention to detail and quality. The solution had to serve option desks globally, close control gaps and meet regulatory requirements.

What I did

• Drove requirements from a gap analysis and on-boarded pricing and risk management first.

• Captured swaption, cap/floor and callable flows into one end-to-end process.

• Completed end-to-end testing and secured product sign-off.

Outcome

• 8 FTE per week saved and revenue tracking improved by 90%.

• End-to-end STP covering pricing, trade capture, affirmation and risk management, with control gaps closed.

• Scalability that let the business add products and revenue; vanilla flow delivered in the agreed timeframe, exotics followed.

Skills: Derivatives processing · Scalable STP · Control remediation · Phased delivery