Collateral Risk & Margin Analyst

JPMorganChase; New York (NY); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Competitive base salary

Discretionary incentive compensation

Health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Financial coaching

Job summary

JPMorganChase is seeking a Margin and Collateral Analyst within the Credit Operations group to develop a deep understanding of Credit business and collateral functions.

You will provide oversight and guidance daily, working closely with Credit Operations leadership, Risk, Bankers, Client Service, Centralized Lending, underwriting, technology, compliance and legal teams to manage collateral and unsecured or secured credit exposure.

Qualifications

• Bachelor's degree or equivalent experience in a relevant field.
• Strong project management skills – experience managing process reengineering initiatives.
• High-level of proficiency in organizing, prioritizing, and managing issues.
• Strong independent judgment and awareness of appropriate escalation.
• Attention to detail, strong analytic skills.
• Must be self-motivated and able to work independently.
• Strong excel skills.

Responsibilities

• Set-up agreement terms regarding collateral in credit systems for ongoing compliance monitoring. If credit systems cannot support the monitoring of the arrangement, set-up the agreement for monitoring offline.
• Monitor collateral daily and identify non-compliant scenarios. Confirm the accuracy and elevate to Credit and Bankers for resolution plan and date determination.
• Manage requests for intraday transactions and approve if collateral position and/or covenant compliance is adequate. Intraday transactions are inclusive of cash and security movement within pledged accounts as well as loan and letter of credit draw downs.
• Manage amendments to original agreement terms, including lending value and covenant requirement changes and ensure they are accurately reflected in credit systems for ongoing compliance monitoring.
• Manage third party pledge scenarios when the client's exposure secured by assets held internally is external to JP Morgan and when the client's exposure secured by assets held externally is internal to JPM. Regularly update credit system valuations regarding the external assets.
• Participate in credit system defect identification, User Acceptance testing (UAT), and ongoing business requirement discussions.
• Manage initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed.

Skills

Project management

Organizational skills

Judgement and escalation

Attention to detail

Self-motivation

Excel

Education

Bachelor's degree in a relevant field or equivalent experience

Tools

Excel

Job description

JPMorganChase is seeking a Margin and Collateral Analyst within the Credit Operations group to develop a deep understanding of Credit business and collateral functions.

You will provide oversight and guidance daily, working closely with Credit Operations leadership, Risk, Bankers, Client Service, Centralized Lending, underwriting, technology, compliance and legal teams to manage collateral and unsecured or secured credit exposure.