CIB Operations (Derivatives Ops) - Collateral Strategic Initiatives - Bournemouth - Associate

Job description

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.

 

Derivatives Operations provide operational support to Markets, Investor Services and Banking businesses across the CIB. Key product areas include Currencies, OTC Derivatives, Collateral Principal, Global Clearing, CASS & Outsourcing and Expense Management Unit with a global team of ~1500 colleagues. Services provided to our Businesses include:

·       Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Expense Management and CASS & Outsourcing Support

·       Typical daily activity includes settling in excess of $2TRN via FX trades, leading a Markets OTC portfolio of 3M trades, managing collateral balances in excess of $350BN and processing ~700K cleared and intermediary trades

 

Collateral Principal Operations supports:

·       Collateral Management credit risk mitigation, client financing and fee based activity

·       Collateral Services supports a wide range of products: Derivatives, Forex, TBA, OTC Cleared, Prime Brokerage, Repos and Loans

·       Daily we generate and distribute margin calls; agree call amounts and collateral types; track and report call disputes, reconcile trading portfolios, monitor settlements and provide extensive regulatory reporting

·       On average we issue and settle ~4,000 collateral calls per day

·       Collateral balances held by JPM and pledged to the client range between $200Bn & $300Bn notional

 

Happy to talk flexible working.

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.

 

Location Description

 

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.

 

Job Description

This role will be a strategic initiatives role supporting Collateral Operations across Derivatives, Securities and Loans through driving various business projects. This role provides a candidate with a unique opportunity to work across products and teams, liaising with our Front Office Business Partners, Finance, Technology and Operations among others.

Summary of Responsibilities

The successful candidate will be supporting a section of strategic initiatives including:

·  BREXIT – reviewing the impact across REPO, Global Loans, and Derivatives to ensure readiness through 2018/19. 
·  Migration from legacy to strategic collateral & settlement architecture for Securities products.
·  Supporting Derivative Collateral Business/CPG in their new Business Initiatives.
·  Migration of Collateral functions into Collateral Ops for Global Loans.
·  Shape business cases for vendor platform to optimize efficiencies in operations teams’ process.
·  Front to back review of current operating model across all products to provide standardization and build capacity via Continuous Improvement / Automation / deliver efficiencies using all tools available.
·  Ops Desktop Integration for Collateral Ops
·  Delivery of regulatory initiatives across all products.

Essential Skills:

·       Proven experience of effective relationship building with a wide variety of stakeholders, for example; Clients, Front Office and other Business Partners.

·       Define solutions to deliver against strategic objectives, from idea generation, requirements definition and work prioritization through to validation, partnering with stakeholders to achieve an optimal solution. 

·       High level of accuracy and attention to detail is required.

·       Development of executive level project PowerPoint presentations

·       Strong oral and written communication skills.

·       Ability to manage multiple projects across numerous products.

·       Strong Risk and Control Awareness – with the ability to push back on stakeholders when risk/controls could be compromised.

Desirable Skills

·       Knowledge of Fixed Income products would be an advantage.

·       Knowledge of Collateral Management would be an advantage.

·       Experience liaising with external Vendors/Clearers

·       Strategic thinker, able to review and implement process improvements.