Margin and Collateral Analyst

JPMorgan Chase & Co.; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

JPMorgan Chase & Co. seeks a Margin and Collateral Analyst within Credit Operations to develop deep knowledge of collateral functions and regulatory requirements. You will work with Credit Operations leadership, Risk, and Technology to oversee secured and unsecured credit exposure and respond to client requests.

The role emphasizes monitoring collateral, ensuring compliance, and supporting efficiency initiatives across collateral processes in a large wealth management environment.

Qualifications

• Bachelor's degree or equivalent experience.
• Strong project management skills.
• High-level of proficiency in organizing, prioritizing, and managing issues.
• Independent judgment with escalation awareness.
• Attention to detail and strong analytical skills.
• Self-motivated and able to work independently.
• Strong Excel skills.

Responsibilities

• Set-up agreement terms regarding collateral in credit systems for ongoing compliance monitoring.
• Monitor collateral daily and identify non-compliant scenarios; coordinate with Credit and Bankers for resolution.
• Manage intraday collateral transactions and ensure adequacy of position and covenants.
• Amend original agreement terms and reflect changes in credit systems for monitoring.
• Handle internal/external asset pledge scenarios and update valuations in credit systems.
• Participate in credit system defect identification, UAT, and requirements discussions.
• Identify and address control gaps to improve processes.

Skills

Project management

Organizational skills

Analytical skills

Attention to detail

Independent work

Excel skills

Education

Bachelor's degree

Tools

Excel

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 escape 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 escape 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