J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
Derivative Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees. Services provided to our Businesses include:
Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices
Agency Collateral support internal & external clients (predominantly Banks & Broker Dealers) in managing their margin obligations/exposures. Primary product support falls into 3 categories: Derivatives Collateral Management (DCM), Securities Collateral Management (SCM) & Margin Control. Primary functions span three global teams; 1) Core Operations own day to day processes, (2) Middle Office have ownership of overall operational client satisfaction, (3) Collateral Change deliver solutions to support Core Operations processing.
J.P. Morgan manages in excess of $350Bn of collateral balances and processes 20M transactions each year
More than 200 collateral clients globally, with 6,400 CSAs for over 100 third-party buy side clients. Collateral relationships with all major banks and brokers globally
Provides tri-party support in excess of 20 markets
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Bournemouth. Over 4,000 employees work at the Bournemouth Corporate Center. We take immense pride in our work and in helping our community. We’re proud to leverage the local workforce and engage closely with local schools and charities. Our campus is set in 13 acres of grounds and includes on-site Tennis Courts and easy access to local sports facilities. We have good transport links including our commuter bus service. The site is currently benefitting from massive investment, redeveloping the office space into a High Performance Workspace and adding exciting new offerings to our communal spaces. We have 2 restaurants on site offering a wide range of healthy options. The staff are able to join in a wide range of groups from yoga to language classes, to groups supporting the diverse range of cultures represented here.
An opportunity has arisen for a Support Control Role in the Agency Collateral team based in Bournemouth. This role is ideal for an individual seeking a flexible working opportunity. The role would entail supporting the Agency Collateral Operations teams in achieving its control agenda , ensuring the Global Operational teams are adhering to monthly operational control checks, being responsible for ad hoc control related tasks, working on control related initiatives such as annual mandate reviews. They would also be responsible for support Operational management with audit based objectives and ensuring that the global agency teams are following standard operating procedures. .
Summary of Responsibilities
• They would need to effectively partner with Operational teams, Controls and firm subject matter experts so as to effectively understand firm standards, polices and regional regulatory requirements, and assist with their implementation in Agency Collateral Operations.
• Global Co-ordination of the BCP testing required across each region and function to meet the annual testing requirements
Working with EMEA team managers to validate all items have been accurately completed on the Operations Control Calendar
Completion of the Reg W reporting for Agency Collateral EMEA
Ad Hoc QA testing of EOD packs to ensure that they meet the minimum required standards
Review of closed RADARS/FORCE events 6 – 12mths after closure to ensure that any additional controls are still be followed
Skills and Qualifications
• Micro Soft Office
Ability to work under own initiative
Strong teamwork and influencing skills
Attention to detail
Strong Control Mindset
Willingness and ability to learn about Agency Collateral
• Operations Background in a financial instituation
Experience (advantageous but not essential)
• Knowledge of Agency Collateral Management or Agency Lending products
• To have worked in a previous control based role