Margin and Collateral 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

Job Description

Credit Risk Management reports into Wealth Management Credit Operations group. The team monitors all JPMorgan Global Wealth Management 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 team is also involved in several development projects, manages various reporting and analytical functions, actively partners with program and technology resources to improve platforms/functionality, and represents the collateral function to various risk and control forums. The functions performed by this team are critical to protecting the bank from potential credit losses.

Job Description

Credit Risk Management reports into Wealth Management Credit Operations group. The team monitors all JPMorgan Global Wealth Management 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 team is also involved in several development projects, manages various reporting and analytical functions, actively partners with program and technology resources to improve platforms/functionality, and represents the collateral function to various risk and control forums. The functions performed by this team are critical to protecting the bank from potential credit losses.

As a Margin and Collateral Analyst within the Credit Operations group, you will be expected to develop a deep understanding of the Credit business and all collateral functions, applicable regulations and policies to provide oversight and guidance to this group daily. In this role, you will work very closely with Credit Operations leadership, Risk, Capital Advisory, Bankers, Client Service, Centralized Lending, underwriting as well as technology, compliance and legal personnel to manage collateral and secured or unsecured credit exposure, execute client requests, identify and elevate credit issues, and manage risk.

Job 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

Required Qualifications, Capabilities And Skills

• Bachelor's degree in a relevant field or equivalent experience
• 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

Preferred Qualifications, Capabilities And Skills

• Knowledge of bank systems and loan/credit operations a plus
• Operational Management experience

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 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

About The Team

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.