Collateral Exposure Management Trading Services

4 weeks ago


Bournemouth, United Kingdom JPMorgan Chase Bank, N.A. Full time

Are you an individual with excellent communication skills in conjunction with an ability to multitask? Do you take pride in your great time management skills and ability to work well under pressure? This is the right team for you

J.P. Morgan is offering an opportunity for highly-motivated individual to break into security services as part of the Agency Securities Finance department. Agency Securities Finance is a product line within Trading Services, CIB. Agent Lending provides securities lending services to institutional investors such as pension funds, mutual funds, sovereign wealth funds, insurance companies and central banks. Agency Securities Finance is an asset management technique, which increases return on a portfolio. It involves temporary transfer of a security from the owner to the borrower, with both title & ownership transferred. Securities are held in custody at JPMorgan and other custodian banks. The transaction is collateralised (3) with cash or securities (non-cash) to value of securities lent, with an additional margin of 2-11%. At the end of the term, borrower returns the security and economic benefits return to lender (interest, corporate actions). JPMorgan provides risk management to assist clients in the management and mitigation of risk associated with lending securities. This is a competitive, dynamic and evolving industry with clients demanding high levels of customisation and service, including detailed reporting and performance analytics.

The role is within the Collateral Management team which supports our global trading desks. The team is responsible for the oversight and settlement of Collateral trades, and managing intraday exposures generated from new lending activity.

**Job responsibilities**:

- Processing and settling the daily collateral trades.
- Calculation of non-cash & cash collateral exposures, working closely with the borrower community to ensure collateral is delivered and correct margins are maintained.
- Marking of previously settled loans, to account for fluctuation in securities price, to ensure collateral is maintained to correct margins.
- Understanding cash flows and manual payment processing.
- Daily reconciliations and reporting intraday and end of day items.
- Cash break management.
- Work alongside the trade desks, triparty agents, treasury services and counterparties.

**Required qualifications, capabilities, and skills**
- Problem solving skills.
- Collaborate with others to meet deadlines, cross train and expand understanding of the teams operations.
- Opportunities to learn Alteryx, Tableau, Xceptor.
- Time management skills alongside ability to effectively prioritise.
- Network with other departments to enhance product knowledge.
- Care and diligence.

J.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.



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