Margin & Collateral Analyst

Job Description
The team is made up of two functions the House Margin function and EMEA TCP function.
The House Margin function faces off to the external Clearing House(s) (specifically LCH and ICE CCPs) as a clearing firm. The team is responsible for the end to end margin process for the JP Morgan House trading Business for self-cleared trades. The key objective of the team is to mitigate risk associated with these products & transactions. The daily process includes but is not limited to; margin call and collateral maintenance, query management, reporting and reconciliation, break resolution, ad-hoc requests and projects. Team members will interact with the desk, middle offices, financial control, product control, settlements, business stakeholders and management.
The EMEA TCP function supports the collateralization of Letter of Credit for various facilities. The key responsibilities are monitoring funds in collateral account, blocking and unblocking accounts, interest and fees payments, refunds of cash collateral, reporting and reconciliation, break resolution, adhoc requests and projects. Team members will interact with product, credit officers, settlements and business stakeholders.
A full time opportunity has risen within these functions in the JP Morgan Collateral Management space to assist in the operational management of our daily margin activity as well as scope for involvement in upcoming new business initiatives and growth.
The team is primarily responsible for:

• Management of daily business activity to mitigate risk around collateral exposure. Facing internal Ops and business partners to ensure the end-to-end margin management process is successful.
• Resolution, control and escalation of queries to key internal stakeholders.
• Ensuring reconciliation procedures are performed and reported in line with stakeholder demand.
• Supporting requests from the business in on boarding of new products and initiatives and ensuring our operational readiness prior to go live.
• Reviewing and removing manual processes and implementing strategic solutions

Summary of Responsibilities
Key role responsibilities are detailed below:

• Ensuring daily processes are completed in a timely and accurate manner, adhering to a number of internal and external deadlines including those which are currency or control specific
• Building and maintaining collaborative relationships with our key stakeholders across multiple regions and businesses
• Supporting new business initiatives and consequent growth in the scope of functions we support. Ensuring as a team we can efficiently operationally manage the on boarding of new products
• Timely resolution of incoming queries, escalation of issues and reconciliation
• Participation in projects and testing to ensure JPM operating infrastructure continues to be enhanced and developed to meet the business needs
• Reviewing current procedures and controls and ensuring these are in line with both function and global standards

Skills and Qualifications

• Previous operational experience preferred in a financial institution.
• Proven experience of effective relationship building with a wide variety of stakeholders, for example; Clients, Front Office and other Business Partners.
• Must be attentive and responsive to client/ business needs
• Strategic thinker, able to review and implement process improvements.
• High level of accuracy and attention to detail is required with an ability to work with minimal supervision and in a methodical and organized manner and to follow procedures.
• Strong risk and control awareness - with the ability to push back on stakeholders when risk/controls could be compromised.
• Ability to work as part of a team but also be self-motivatedJ.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.