Job Description
Collateral Services Operations support internal & external clients (predominantly Banks & Broker Dealers) in managing their margin obligations/exposures.
As a Trading Services Associate within the Collateral Services Operations team, you will manage margin obligations and exposures for both our internal and external clients. You will be a part of a global team that oversees more than $350Bn of collateral balances and processes over 20M transactions annually. Your responsibilities will include issuing and consuming margin statements, calculating margins, verifying asset eligibility, and providing daily reports on margin and collateral activity. This role offers the opportunity to work in a dynamic, fast-paced environment and requires strong problem-solving skills, the ability to multitask, and excellent communication skills.
Job responsibilities:
- Issue and consume margin statements or RQVs, depending on underlying trade
- Calculate margin and manage margin call agreement process
- Verify asset eligibility and agree collateral movements against margin obligations
- Instruct and monitor collateral settlements. Respond to queries coming from clients and their counterparties around (but not limited to) margin management and collateral settlement
- Track and value collateral positions daily
- Provide daily reporting on margin and collateral activity
- Provide dispute notification and portfolio reconciliations, leveraging TriOptima's TriResolve service, which can assist in identifying the cause of disputes and facilitate their resolution
Required qualifications, capabilities, and skills:
- Good knowledge of global financial markets
- Strong inter-personal and communication skills with the ability to build strong relationships with strategic internal & external partners
- Ability to multi-task and work under rigorous intra-day deadlines
- Able to demonstrate resourcefulness, flexibility and ability to work independently
- Excellent problem solving skills; ability to think outside the box and is able to look for creative solutions around traditional obstacles
- Ability to display sound judgment and decision making
- Able to demonstrate initiative while also exhibiting ownership and accountability.
- A culture carrier and team-player, able to build relationships and work in a collaborative environment; an agent and advocate of change
- Proficiency in MS Office Applications
- Fluency in Mandarin, with the ability to understand, speak, read, and write
Preferred qualifications, capabilities, and skills:
- Exposure to collateral management, cash and securities processing is an advantage.
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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.
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
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