Margin and Collateral Analyst

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 escalate 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 offlineMonitor collateral daily and identify non-compliant scenarios. Confirm the accuracy and escalate to Credit and Bankers for resolution plan and date determinationManage 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 downsManage amendments to original agreement terms, including lending value and covenant requirement changes and ensure they are accurately reflected in credit systems for ongoing compliance monitoringManage 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 assetsParticipate in credit system defect identification, User Acceptance testing (UAT), and ongoing business requirement discussionsManage 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 experienceStrong project management skills – experience managing process reengineering initiativesHigh-level of proficiency in organizing, prioritizing, and managing issues Strong independent judgment and awareness of appropriate escalationAttention to detail, strong analytic skillsMust be self-motivated and able to work independentlyStrong excel skills Preferred qualifications, capabilities and skills Knowledge of bank systems and loan/credit operations a plusOperational Management experience