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Margin&Collateral Manager III
- JPMorgan Chase (Newark, DE)
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If you are interested in an evolving fast paced environment at the forefront of industry transformation, please join us!
As a Margin & Collateral Manager within our Collateral Services Team, you will play a crucial role in supporting bilateral OTC derivative collateral requirements and all related settlements. You will primarily engage with buy-side clients such as Hedge Funds, Investment Advisors, and Asset Managers, fostering internal partnerships with the Markets, Sales, Prime Brokerage, Credit Executive, Middle Office and Line of Business Operations teams.
In this role, you will be at the forefront of the evolving financial services industry, contributing to regulatory efforts aimed at decreasing systemic and counterparty risk. This is an exciting opportunity to be part of a team that is central to the standardization of trading and risk management practices.
Job Responsibilities
+ Oversee efficiently and accurately the processing of both outgoing and incoming margin calls
+ Ensure all transfers agreed are eligible under the appropriate legal document
+ Account for the uncollateralized credit risk of a subset of Investment Bank clients, with responsibility for identifying and escalating fails and disputes in a timely and accurate manner to Credit/Risk Management, Collateral Risk Management and Operations Management
+ Respond 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
+ Escalate and resolve client disputes related to both collateral and trade settlement discrepancies
+ Oversee Risk Mitigation (Operational, Financial and Reputational)
+ Possess quality client Service and strong written and verbal communication skills
+ Maintain and build excellent relationships with both internal partners and external clients
Required qualifications, capabilities, and skills
+ Minimum 5 years of Operations experience
+ Desire to work in a fast-paced environment
+ Self-motivated, enthusiastic with a great appetite to learn
+ 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
+ Understand the risks and adhere to the controls in place at all times
+ An exceptional level of in-depth experience in production, client, people/team dynamics, risk and project management
+ Excellent interpersonal, negotiating, and oral and written communication skills
+ Expertise in presentation, influencing and facilitation skills
Preferred qualifications, capabilities, and skills
+ Previous exposure to financial products and derivatives instruments advantageous but not essential
+ Process oriented with strong attention to detail, highly entrepreneurial, creative, open-minded, persistent, highly collaborative and with a passion for delivering business results
+ Derivatives or Securities experience
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 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
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