Derivative Collateral Analyst
J.P. Morgan
Come join a winning team! We have an exciting opportunity to help expand your knowledge, skills, and abilities in the credit risk management processing space.
As a Margin and Collateral Analyst, you will monitor JPMorgan Private Banking credit exposures, manage secured credit transactions, ensure regulatory compliance is met on a daily basis which are the basis for protecting the bank from potential losses.
The Private Banking (PB) Operations team monitors all JPMorgan PB exposures (loans, OTC derivatives, and brokerage margin loans) secured by financial (equities, fixed income, etc) and other asset types. They manage intraday transactions and exceptions related to secured credit facilities and pledged collateral. The Operations team is also responsible for global reporting and analytics for portfolio reviews, collateral concentrations (industry, security, and country, emerging markets), shortfall trends, derivative exposures, issuer risk, and problem assets. Additionally, the team is responsible for ensuring compliance with certain covenant requirements, including escalation where needed. The functions performed by this team are critical to protecting the bank from potential credit losses.
Job responsibilities
- Review and understand new agreement terms and documentation.
- Set-up agreement terms regarding collateral in credit systems for ongoing monitoring.
- Monitor collateral daily and identify non-compliant scenarios. Confirm the accuracy and escalate to Credit and Bankers for resolution plan and date determination.
- Manage regulatory related initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed.
- Provide implementation support, including testing of new tools / processes to ensure they meet requirements for all projects that impact Collateral CRM Operations regulatory functions.
- Validate and issue margin calls to Financial Advisors.
- Manage third party pledge scenarios.
- Manage initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed.
- Provide analysis concerning portfolio as needed.
- Review and validate collateral requirements for OTC derivatives including option strategies
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Manage inquiries from Bankers, Brokers, Lenders, Client Services on margin lending topics.
Required qualifications, capabilities, and skills
- Minimum of two years working experience in a derivatives or collateral group focused on supporting prime brokerage relationships, institutional or high net worth client base.
- Strong interest in derivative products and strategies
- Detailed, analytical and results orientation skills
- Strong verbal and written communication
- Must be self-motivated and able to work independently and in a team environment
- Must be able to manage day to day work in addition to managing multiple projects
- Consistently demonstrates accountability and responsibility for their actions and results
- High-level of proficiency in organizing, prioritizing, and managing issues
- Advanced Excel skills
- BA/BS or equivalent in a business field
Preferred qualifications, capabilities, and skills
- Solid Knowledge of Lending Regulations and Practices a plus
- Other Microsoft applications and AI skills a plus
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Provide daily support for obligations related to collateral functions for secured credit and derivatives requirements