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CIB Operations: Margin and Collateral Specialist

Company: JPMorgan Chase & Co.
Location: Newark
Posted on: June 6, 2021

Job Description:

J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.

Collateral Principal Operations supports:

  • Collateral Management credit risk mitigation, client financing and fee based activity
  • Collateral Services supports a wide range of products: Derivatives, Forex, TBA, Prime Brokerage, Repos and Loans
  • Daily we generate and distribute margin calls; agree call amounts and collateral types; track and report call disputes, reconcile trading portfolios, monitor settlements and provide extensive regulatory reporting
  • On average we issue and settle ~4,000 collateral calls per day
  • Collateral balances held by JPM and pledged to the client range between $200Bn & $300Bn notional

Happy to talk flexible working.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Location Description

Newark. We're right at home in Delaware, the world's credit card capital. You could join over 5,000 employees in the state, who work at 13 different locations. We have designated Newark, DE, as one of our seven "strategic technology hubs" in the U.S., where we are expanding operations. We're looking forward to our new Technology Center, which will feature modern furnishings and state-of-the-art collaboration tools. Come join us in Newark and be a part of our exciting future.

Job Description

Post the financial crisis, the financial services industry continues to evolve and re-invent itself, partly driven by global financial reform. At the forefront of financial reform are regulatory efforts to decrease systemic and counterparty risk with an aim at standardizing certain trading and risk management practices. In the middle of these efforts is the need to collateralize/margin transactions executed or cleared between financial firms. If you are interested in an evolving fast paced environment at the forefront of industry transformation, please join us!

The Collateral Services Team supports bilateral OTC derivative collateral requirements and all related settlements. The Client Service Representative will deal primarily with buy-side clients (Hedge Funds, Investment Advisors/Asset Managers) and will develop partnerships internally with various Marketers/Salespeople, individuals in Prime Brokerage, Credit Executives, Middle Offices, and Line of Business Operations Teams.

Summary of Responsibilities

You will be client focused, able to work independently under strict deadlines with limited supervision, be control oriented, as well as be responsible for the following:

  • Efficiently and accurately process both outgoing and incoming margin calls and provide transparency to the client on the margin call when necessary.
  • Ensuring all transfers agreed are eligible under the appropriate legal document.
  • Responding to client inquiries, and when needed, coordinate with the appropriate Front/Middle Office as well as the core processing area in order to facilitate resolution.
  • Identifying and resolving client disputes related to both collateral and trade settlement discrepancies.
  • Risk Mitigation (Operational, Financial and Reputational)
  • Quality Client Service and Strong written and verbal communication skills
  • Maintaining and building excellent relationships with both internal partners and external clients.

Skills and Qualifications

  • Desire to work in a fast-paced environment.
  • Self-motivated, enthusiastic with a great appetite to learn and develop new skills.
  • Excellent relationship-building and good communication skills.
  • Excellent time management skills and the ability to organize and prioritize work in a busy environment with the ability to work under pressure and to deadlines

Keywords: JPMorgan Chase & Co., Newark , CIB Operations: Margin and Collateral Specialist, Other , Newark, Delaware

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