JP Morgan - Brochure - EMEA Section

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THIS IS WHEREYOU NEED TO BE.

OUR PROGRAMSThis section will help you choose where you see yourself at J.P. Morgan.

Each program offers full-time Analyst positions for graduates and internships

for undergraduates. There are also internships and full-time positions

available for quantitative PhD candidates and summer Associate programs

for people with an MBA.

To find out about our graduate and internship deadlines please visit

jpmorgan.com/careers

Line ofBusiness

InvestmentBanking

Sales,Trading &Research

Risk

AssetManagement

Technology

Operations & BusinessServices

Finance

Full-timeopportunities

Summerinternships

Internshipsoutside of the summer

MBAopportunities

Quant PhDopportunities

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Brochures. Websites. Company presentations. There’s only so much they

can tell you about what it’s really like to work at J.P. Morgan. Want to know

the truth? Then find out for yourself.

Our internships and placement

programs offer you an insider’s view

of what it’s like to work at J.P. Morgan.

Unlike some work experience programs,

you won’t be a spectator, you’ll be

treated like any other team member,

taking part in real projects, real

decisions and contributing to real

meetings. You’ll experience the same

exceptional quality of work, pressures

and thrills as any other member of

the team.

We take our award winning programs

very seriously. We want our interns to

become our full-time graduates which

is why we do our very best to create

an environment where you can reach

your full potential.

Your summer with us will not just be

about the work you do within your team.

We run a number of development and

social events for you to get involved in.

Our product knowledge sessions are

led by some of our senior leaders and

will widen your understanding of the

different areas within the bank and the

industry in general. Social events begin

from day one and allow you to get

to know us outside the office, and

vice versa. Our Philanthropy team also

run team building days for you to get

involved with local community projects.

If your time is flexible, an autumn,

winter or spring internship could be

for you. With all the advantages of a

summer internship, these programs

last between three and nine months

depending on business need and

your availability.

A placement or an internship with us

will be intense, challenging, enjoyable

and memorable. And it could result

with you going back to university with

a firm job offer in your pocket.

Even if you decide that this is not the

industry for you, your summer at

J.P. Morgan will stay with you forever,

not just on your résumé, but through the

friends you make, the skills you develop

and the networks you build. This is the

first step in shaping your future.

T U R N T H E P A G E S T O L E A R N A B O U T T H E D I F F E R E N T B U S I N E S S A R E A S

INTERNSHIPS

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Can you rise to the challenge of being part of a market leading team, making

deals that continue to transform the corporate landscape? Are you energized by

the thought of joining a firm that can boast 90% of all Fortune 100 companies

and over half of the FTSE 250 as its clients? Organizations who’ll utilize your

expertise to achieve their financial strategies. If so, these are the kind of

responsibilities waiting for you.

You’ll have a lot to learn and fast. As well as incredible levels of exposure to

different facets of our business, you’ll be carrying out in-depth company

and industry research, analyzing data and drawing financial and strategic

conclusions from your work.

Investment Banking the J.P. Morgan way is about harnessing your talent and

steering it towards a common goal. Teamwork matters. You’ll be working

alongside some of the finest minds in the industry and your opinions count.

Responsibilities come early, rewards are fantastic and the work itself captivating.

As an Analyst you’ll receive eight weeks of intensive training in New York then

join one of the following areas:

Country based Mergers & Acquisitions

Focusing on M&A transactions within a specific country and across all industry

sectors, you’ll learn the ins and outs of brokering deals at the forefront of

client interaction.

Pan-European Industry Sector

You’ll learn how to originate and execute transactions and coordinate the various

teams involved. Working alongside the M&A team, you’ll help to value the target,

assess its merits and define negotiation arguments. With the Capital Markets team,

you’ll determine the optimal financing structure.

Capital Markets

This is where you’ll learn how we provide advice, structuring and execution

capabilities to clients across the entire capital structure. You can specialize

in either Equity Capital Markets (ECM) or Debt Capital Markets (DCM).

Securitized Products

Securitization is the process of transforming assets into tradable securities.

You’ll learn about and advise on the different forms of asset-backed financing

and derivative structures.

Competencies we look for in Investment Banking:

• Genuine interest in financial markets

• Commitment to learning

• Analytical thinking

• Communication skills

• Teamwork

• Project management skills

• Numeracy

INVESTMENT BANKING

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Sales, Trading & Research is the collective name for our Equities, Credit, Rates,

Foreign Exchange (FX), Commodities and Emerging Markets businesses.

You’ll join us in one of these areas and specialize in one of the following roles:

Marketing, Research, Sales, Sales Trading (Equities only), Structuring, Trading.

This is where the big deals happen, where split-second decisions can make $millions

of difference. Success depends upon a combination of confidence, sound judgment,

innovative products, speed of action and clarity of thought.

As an Analyst you’ll receive eight weeks of intensive training in New York then


Commodities

This high powered division is responsible for the trading, sale and derivative

contracts of commodities such as Precious Metals, Base Metals, Agricultural

Goods, Livestock, Minerals and Energy.

Credit

The credit group focuses on corporate debt and its derivatives. Innovative

solutions and world-class execution capabilities ensure we deliver an

outstanding service to our clients.

Emerging Markets

As part of the firm’s long-term growth and expanding market requirements we

provide a full range of credit, rates and FX products to emerging economies in

Latin America, Central and Eastern Europe, Africa, the Middle East and Asia.

Equities

Equity represents part ownership of an organization. Companies come to

equity markets when they need to raise capital. We advise upon and create

bespoke investment opportunities for our clients based on detailed analysis

of market sectors.

Rates & Foreign Exchange

We trade around 10% of the $1.3trillion FX volume every day in London.

Our impressive market share is testament to our ability to capitalize on

price movements caused by macro-economic factors. We were recently

voted “Best Derivatives House over the Past 20 Years” by Risk magazine.

SALES, TRADING & RESEARCH

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MarketingWorking with senior level management,

you’ll develop outstanding client

relationship skills and a formidable

knowledge of our products. Working

on deals, you’ll provide an essential

link between the structuring team, the

sales force and investors. You’ll learn

how to pitch ideas, identify target

investors and respond to their needs.

ResearchThe speed and insight of your analysis

on company valuations, share price

drivers and macro-economic views

enable our clients to make informed

decisions on long and short term

strategies. With a strong team on

board it’s no wonder we were voted

Institutional Investor’s #1 in Global

Research for 2007.

SalesFund managers rely on salespeople for

the best advice on how to weight their

portfolios for maximum returns. Armed

with the latest research analysis, market

feeds and forecasts, you’ll act as a

conduit between clients and traders and

market makers, condensing information

and balancing the requirements of each.

Sales Trading (Equities only)You’ll be speaking directly to the dealing

desks of your clients. Whether they’re

institutional investors or hedge funds

they’ll be relying on your analysis of

fast-moving markets to make the best

business decisions.

StructuringYou’ll soon appreciate why our

innovative, market-leading products

are so successful. The expertise you

develop in financial engineering

could see you focusing on financial

modelling, legal frameworks and

rating agency criteria.

TradingFast-paced and exhilarating, this is

where financial transactions are priced

and executed. We’ll give you all the

world-class training you’ll need to buy

and sell assets for clients and the

bank alike.

Competencies we look for inSales, Trading & Research:

• Ability to perform under pressure


• Decisiveness

• Exceptional levels of numeracy

• Relationship-building skills

The Roles

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Generating revenue through lending, trading and capital markets always runs

the risk that the return on our investment won’t be what we expect. We don’t like

surprises and neither do our clients. Our highly skilled Risk managers ensure we

minimize exposure for both ourselves and our clients and maximize returns.

Bottom line impact places Risk Management right at the heart of what we do

as a business – and at the core of global industry and commerce, as recent

events demonstrate.

Risk is broken down into the five areas of Credit Risk, Market Risk, Operational

Risk, Legal Risk and Reputation Risk, but we only run graduate and intern

programmes in Credit Risk and Market Risk (although you will be exposed to

the other areas of Risk throughout your training). There are three main groups

within Credit Risk: Credit Risk Management, the Credit Portfolio Group and the

Special Credits Group.

Credit Risk Management

You’ll review financing and trading

proposals, present recommendations

based on the risks you’ve identified to

senior credit executives, develop the

means to mitigate against risks and

help market the transaction to our

internal and external clients.

The Portfolio Solutions and Collateral

Management team work with

marketers, traders, and credit risk

managers to facilitate transactions.

You’ll model and price the counterparty

credit risk on derivatives and

provide structuring and credit risk

mitigation advice.

Credit Portfolio Group

As a member of the Public Side Risk

Management team, you could be

responsible for supporting a senior

credit research analyst. Your primary

responsibilities will include the

development and maintenance of

financial models, the gathering of

industry statistics and the understanding

of credit structures, collateral and legal

agreements. The modelling you will

perform will include liquidity projections,

capital structure analysis, restructuring

and liquidation analysis.

Special Credits Group

Working as part of a small team you’ll

learn to evaluate the longer term viability

of companies in financial distress.

You will also work on turnaround

management strategies and be involved

in the leadership of creditor groups in

effecting restructurings.

Market Risk

Market Risk works in partnership

with the Investment Bank’s business

groups assessing risk appetite, risk

limits and individual large and complex

transactions. You’ll provide independent

identification, monitoring and control

of a business group’s market risk,

analyze stress testing results, conduct

ad-hoc investigations and provide

opinions on significant new trades.

Competencies we look for in Risk:

• Numeracy and analytical ability

• Ability to work in a team

• Strong communication skills

• Attention to detail


RISKAs an Analyst you’ll receive eight weeks of intensive training in New York then


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Some of the world’s largest institutional investors (pension funds, governments,

insurance companies as well as private individuals) trust us to invest their money,

$1.2trillion of it overall. We grow, nurture and develop their investments, not just

in the short term, but over three to five year periods.

We’re perfectly placed to predict change and respond in a positive, fully informed

manner. Where our competitors react to client needs, we pre-empt them. We have

the innovative products and in-depth market understanding to ensure our

suggestions are as swift as they are wise.

CurrencyWe’ve been a leader in the currency

overlay market for the last 20 years.

With our expertise to guide you,

you’ll learn how we successfully

manage over $80billion of our clients’

international assets.

EquitiesLearn first hand how a disciplined,

risk-controlled investment process is

essential in increasing the value of our

clients’ assets.

Fixed IncomeOur clients expect solutions on a global

scale and this is where you’ll learn how

we deliver. Group functions include

quantitative research, portfolio

management, as well as trading and

product or client specific areas.

Investment Operations and Client ServicesThe Investment Operations teams

provide an essential service to the

Institutional Asset Management

business, as well as the Client Services

teams who look after the needs of our

retail and institutional clients.

Client Infrastructure (Sales,Marketing, Strategy & Planning)You’ll quickly develop your product

knowledge and understanding of the

wide range of services within this

group and the business as a whole.

Finance (Accountancy)The outstanding work of our world-class

accountants allows us to drive

management decisions. You’ll see how

and why this important function

underpins much of what we do.

Real EstateCovering all aspects of acquisitions,

asset management, finance and control,

research, product development and

client service you’ll understand how to

put together business models that best

serve our clients’ interests.

Competencies we look for in Asset Management:

• A keen interest in financial markets



• Strong relationship management

and communication skills


ASSET MANAGEMENT

Your training will begin in London where you’ll learn the skills to get

you started and prepare you to join one of the following areas:

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There is one simple equation that’s fundamental to the work of our Technology area:

intelligence + innovation + investment = competitive advantage. This straightforward

formula underpins some of the most complex and fascinating technological solutions

to be found not just in our industry, but anywhere in the world. And it’s all supported

with a massive commitment of $7billion-a-year investment.

Join us in Technology, and turn the theory into practice. You won’t necessarily

need a degree in IT, but you do need to be excited by the possibilities created by

the latest technologies, in a manner that drives results and generates business

success. We don’t measure downtime in seconds. We measure it in $millions.

Technology is split into two distinct yet mutually-supportive areas: Business

Technology and Infrastructure. The former focuses on building and designing

new business functionality, the latter supports our core operating systems, data

centers, desktops, networks, mainframes and distributed servers. The two divisions

are further divided into four specialist areas: Plan, Development, Operate and

Control, one of which you’ll eventually specialize in.

As a graduate, you’ll be given world-class training delivered by some of the finest

minds in the industry and appreciate how the four areas and two divisions interact

with one another and with the business as a whole. You’ll also grasp the wide

scope of our technologies, the innovative thinking that made them possible and

the business needs they address and drive forward. And following a dedicated

training program, it won’t be long before you’re making the decisions that justify

our investment in technology and our investment in you.

Plan

You’ll learn how to analyze the needs of different business areas, to pinpoint

the technological resources required and to manage the resulting projects.

Development

This is where we take ideas and bring them to life. You’ll learn all about delivering

new projects, integrating in-house specialists and third-party suppliers and how

to manage budgets.

Operate

Our support team is involved in the resolution of complex issues which

relate to the business-critical systems of our production systems.

Control

Our systems need to be robust, effective and seamless. Our Control team

work to minimize problems and to ensure contingency plans are in place

for a speedy resolution.

Competencies we look for in Technology:

• A keen interest in technology

• Creativity

• Versatility

• Thought leadership

• Planning skills

• Logical thinking

TECHNOLOGY

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The Finance Europe, Middle East and Africa (EMEA) Control Group maintains a

consistent and robust control environment across the region by reporting and

monitoring key performance indicators and advising on line of business control

issues – these could be anything from ledger and system conversions, to product-

related issues or the interpretation of corporate policies and legal entity issues.

Finance is an essential part of our business. It’s accountable for the delivery of

financial information, whether to an individual business area or for the firm’s

overall results. It also provides financial and capital-related information to regulators.

Working in Finance you could perform a variety of duties. These include executing

strategy and business development projects, preparing and analyzing financial

reports, providing advice on transactions, defining accounting policies, managing

annual planning and budgeting or consulting in special situations and building

new business teams. You’ll also contribute to developing standards and metrics,

raising control awareness across all business lines, playing a critical role in

supporting the strategies of the firm.

J.P. Morgan offers continuous development, learning and training, providing

a dynamic platform from which to launch your career and equipping you with

transferable skills for the future. In addition to our superb internal training, we’re

proud to offer our Finance Analysts the opportunity to study for a prestigious

professional qualification over a three year period – the Chartered Institute

of Management Accountancy examination (CIMA). The CIMA will develop your

financial expertise and provide you with the strategy and management skills

required in key decision-making roles. The training program is designed to

develop high-caliber individuals through structured learning, complemented

with experience in various business areas. For more information visit


Competencies we look for in Finance:


• Accuracy

• Problem solving skills

• Team building skills


• Analytical skills

• Ability to work under pressure

FINANCE

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Our teams in Operations & Business Services help to create competitive advantage

for the firm. The integration between these areas is at the heart of leading change –

not only for our firm, but for the investment banking industry itself. We manage

change, reduce risk and ensure consistency across all locations and operations.

We invest heavily in the infrastructure, productivity and functions that contribute

to our continuing profitability.

Such is our global reach that our people need an in-depth appreciation of the

business as a whole – exactly what you’ll gain as a graduate. In our structured two

to two-and-a-half-year development program, you’ll understand the inter-relation

between our different business areas, appreciate what they do and what

they want to achieve, and be ready to provide the essential and innovative

solutions they need.

You’ll need to demonstrate leadership, flexibility and versatility in all that you do.

Of course, it’s not just about understanding the whys and wherefores of how we

work – you’ll also need to express them to internal clients and external suppliers.

Rotations give you variety and increase your perspective on what we do.

And whatever department you join, you’ll be up to speed very quickly.

Operations

The majority of our roles in Operations & Business Services are offered in this area.

Operations cover the full end-to-end management of transactions booked by the

front office. Analysts work in a variety of roles, such as Risk Management

analyzing our exposure to risk, ensuring we have appropriate controls in

place and working with clients to establish successful trading strategies.

Trade Management supports our traders in a fast-paced environment, effecting

trades through to completion and identifying continual process improvements

to respond to constantly changing market conditions. Client Services deliver

integrated trading services to clients – from the management of settlements

through the delivery of robust, innovative solutions to help J.P. Morgan stay ahead

of the competition with more efficient processing models.

Business Services

The majority of our roles are in Client Infrastructure within the Treasury &

Securities Services business. Roles in this group include Sales – building

relationships with clients and selling solutions through direct, consultative

interactions. Product Management – enhancing existing product capabilities while

managing a $multi-million balance sheet. Strategy – optimizing our portfolio of

products and services, making them more efficient. Deal Support – providing our

clients, with end-to-end project management and consultative reporting. For these

roles, you’ll need to demonstrate strong relationship and business development

skills. There are also roles in Transition Management and Risk.

Some opportunities are available in Corporate Functions, where roles are offered

in our support areas such as Legal, Compliance, Audit, HR and Marketing.

For more detailed information on these roles, visit jpmorgan.com/careers

Competencies we look for in Operations & Business Services:

• Accuracy and attention to detail


• Project management skills

• Problem solving skills


• Ability to work in a team

OPERATIONS &BUSINESS SERVICES

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MBA OPPORTUNITIES

At J.P. Morgan we know nobody gains an MBA without commitment, ambition

and the drive to succeed. Which is why we recruit MBA summer interns into

our Investment Banking line of business.

You’ve got the talent and we’ve got the opportunities for you to utilize your

unique entrepreneurial skills. We’ll ask you to work with senior clients and

senior management, as well as learning from your peers.

Your learning curve will be as fast as it is steep. Our training will augment what

you already know and prepare you for the challenges of a fast-approaching

future. We’ll place equal emphasis on providing you with industry knowledge

and developing your leadership potential. You’ll enjoy the kind of work your

intelligence, confidence and drive thrives upon.

And that work is sure to captivate you, whichever part of the investment bank

you join. We pride ourselves on being pioneers, whether it’s a case of deals,

products, or ways of working. We’ll expect you to share that sense of pride,

and to add to it. You’ll be alongside some of the finest minds in the industry.

You’ll help clients realize their goals. And you’ll achieve your own.

For more information visit jpmorgan.com/careers

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An all-year round recruitment cycle. Flexible joining dates and internship durations.

And opportunities to work three days a week while finishing your studies. If you’re

studying towards a Quantitative PhD or equivalent degree (e.g. DEA), we’ll do

everything we can to get to know you better. We have a wide variety of full-time roles

and internships available in areas such as Exotics and Hybrids, Proprietary Trading

and Structuring. However, our main opportunities lie within Quantitative Research.

A career in Quantitative Research offers intellectual stimulation and with real

rewards and unprecedented levels of support. Our team are acknowledged industry

leaders in financial engineering, derivatives modelling and risk management.

Join them and join a 200-strong team of analysts working at the cutting edge

of research. This is the team that develops and maintains the sophisticated

mathematical models, methodologies and infrastructures used to value and

hedge different financial transactions.

The specifics of your role will depend on your academic background. For example,

you might develop mathematical models for pricing, hedging and risk management.

Or you could support trading activities by explaining model behavior. You may even

implement risk measurement and valuation models.

Quantitative Research doesn’t exist in isolation. We use the most refined academic

practices to solve real problems. So you’ll liaise with traders, marketers and risk

managers across all regions and asset classes to create viable solutions.

It’s an environment of collaboration that you’ll relish. You will, of course, need

outstanding technical and academic skills. We’ll expect a PhD or equivalent

degree in a highly quantitative discipline such as engineering, mathematics

or computer science, and to be able to demonstrate exceptional analytical,

quantitative and communication skills. Your understanding of advanced

mathematics and numerical analysis will prove essential in derivatives pricing.

You’ll be adept at designing effective numerical solutions in programming

languages such as C/C++ and have a keen interest in the financial markets

industry and are driven to achieve results.

QUANTITATIVE PHD

Asia Pacific

We offer internship and full-time opportunities in Asia if you are fluent in an Asian

language (ideally Mandarin, Korean, Japanese, Bahasa Indonesian, Thai, or Vietnamese).

You can join the following programs with undergraduate or advanced degrees in

Hong Kong, Singapore, Tokyo, or Seoul:

• Investment Banking

• Sales & Trading

• Research

• Private Banking

• Operations

Asia application deadlines for full-time positions: September 21, 2008.

Asia summer internship deadlines: November, 2008.

We also have positions in the US. Check our website for further details.

jpmorgan.com/goglobal

GO GLOBAL

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GET INVOLVEDWinning Women These events are designed to help us meet the next generation of female leaders.

They are also for you to find out why working at an investment bank – and J.P. Morgan

in particular – is a great career choice for you. jpmorgan.com/winningwomen

Good Venture The global Good Venture case study competition offers you the chance to make a

difference to the non-profit organization of your choice. It’s a unique opportunity to

interact with J.P. Morgan people and give a good cause some serious investment.

If your team is selected, you will present in New York to a panel of our

senior people. jpmorgan.com/goodventure

Spring Week Aimed at first year students (and second year students of a four year course),

Spring Week is an opportunity to gain an insight to our industry. Highlights include

lunch with senior management and Analysts, interactive workshops, networking,

work shadowing and social events. jpmorgan.com/springweek

Industry Impressions If you’re a first year and you’re ready for an intense introduction into Sales,

Trading & Research, our week-long Industry Impressions program is for you.

Work shadowing and rotations through this business area could give you an

unforgettable start to your career and the chance to get to know us better.

jpmorgan.com/industryimpressions

DeadlinesFor up-to-date information on all of our full-time and internship deadlines visit


It doesn’t matter what stage of your undergraduate educationyou’re at, we’ll have a program to suit you. Read on to find outmore about some of them.

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Instantinformation

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Notes

The paper used in this brochure is from forests

that are managed in an environmentally appropriate,

socially beneficial and economically viable manner.

We hope you enjoy reading and using this brochure.

You can also view it on our website


When you’ve finished with it – please consider

the environment and recycle it.

WE TAKE OURCOMMITMENT

TO THE ENVIRONMENT

SERIOUSLY.

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JP Morgan - Brochure - EMEA Section