Margin and Collateral Analyst

JPMorgan Chase & Co.; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

JPMorgan Chase & Co. in New York is seeking a Margin and Collateral Analyst within the Credit Operations group to oversee collateral and secured credit exposures across multiple asset types.

You will collaborate with Credit Operations leadership, Risk, and technology teams to manage collateral, respond to client requests, identify issues, and escalate as needed. The role emphasizes developing a deep understanding of collateral policies, regulatory requirements, and operational controls to

Qualifications

• Bachelor’s degree in a relevant field or equivalent experience.
• Strong project management experience with process reengineering.
• High attention to detail and strong analytical skills.

Responsibilities

• Set-up agreement terms regarding collateral in credit systems for ongoing compliance monitoring.
• Monitor collateral daily and identify non-compliant scenarios; escalate for resolution.
• Manage intraday collateral transactions and ensure position/covenant compliance.
• Amend original agreement terms and reflect changes in credit systems for monitoring.
• Manage third party pledge scenarios; update valuations for external assets.
• Participate in credit system defect identification and UAT.
• Lead initiatives to close control gaps and improve processes.

Skills

Project management

Organizing & prioritizing

Escalation awareness

Attention to detail

Analytical skills

Self-motivated

Excel skills

Education

Bachelor’s degree or equivalent

Tools

Credit systems

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 escalated 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 escalated 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