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CIB - Credit Risk EMEA – EMEA Collateral Risk Management – Analyst

Req #: 170097235
Location: London, ENG, UK
Job Category: Credit
Potential Referral Amount: 2500 Pound Sterling (GBP)
Job description
 
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.

The Collateral Risk Management team is responsible for risk decisions around collateral/margining of the derivatives portfolio - including asset eligibility, haircuts, enforceability, collateral optimization, CSA negotiation, identification of concentrations/ relatedness, and efficient re-use of assets, as well as coordinating liquidation of collateral in close-outs. We have input to industry-wide collateral forums, including ISDA collateral efforts, as well as loan, LC (letter of credit) and sec financing policy.
  • Work directly with trading desks, credit executives and marketers to enforce guidelines and implement processes for collateral eligibility and optimal haircuts for transactions. In addition, interface with clients, trading teams and credit on structuring effective collateral solutions for derivative trades
  • Assist in development of funding / re-use guidelines, margin segregation / custody issues, TCP (Traditional Credit Product) and securities lending collateral
  • Responsible for some regulatory reporting and RMU (Risk Management Unit) duties
  • Provide business leadership and day-to-day management of projects relating to Collateral Risk initiatives
  • Manage processes and prioritization of legal enforceability for collateral and netting for derivatives, securities financing and margin lending products through the legal counsel working group
  • Continue to influence and shape dialogue of regulatory reform specific to margining practices through participation in various industry forums/working groups
  • Drive CVA mining efforts
  • Assist the Collateral Risk Manager in the overall identification of risks that require further investigation
Qualifications
  • Requirements
    • Strong verbal and written communication skills required
    • Knowledge of the below is advantageous:
      • Traded products such as OTC Derivatives, Repo & Sec Lending, F&O and OTC Clearing and fixed income products
      • Dodd-Frank regulatory reform
      • Credit, trading or trading middle-office functions or collateral risk preferred
    • Strong quantitative skills
    • Strong organizational and project management skills
About J.P. Morgan’s Corporate & Investment Bank
 
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.  Further information about J.P. Morgan is available at www.jpmorgan.com.
 
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
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