CIB Risk - CPG - Differential Discounting Collateral - Associate - NY

Job description

JPMorgan J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking , financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at www.jpmorganchase.com . About J.P. Morgan Corporate & Investment Bank J.P. Morgan"s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world"s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the worldDifferential Discounting (DD) Collateral Group is primarily responsible for managing and optimizing the funding costs arising from JPMs derivative collateral exposure. DD Collateral provides guidance on the funding value of derivative collateral and works with the Finance desk and settlements in order to meet our daily collateral requirements. DD Collateral is part of the Regulations, Efficiency and Infrastructure (REI) group and the wider Credit Portfolio Group (CPG), which is responsible for risk-managing the retained credit risk generated by the client-driven activities of the CIB as well as the market risk arising from counterparty risk in derivative and securities transactions. Job and Team Description Primary group responsibilities include: ·Maintain collateral optimizer and work with QR and Technology to reassess optimization algorithm due to changes in market conditions and JPM objectives ·Optimize posted collateral on a daily/weekly basis in order to efficiently meet JPM's collateral requirements, entailing working with other functional areas in order to meet this objective ·Assess funding implications of Collateral Support Annex (CSA) Amendments and advise Marketing and Risk of economic and capital impacts resulting from such amendments ·Maintain dialogue with other key areas such as CIB Treasury, Credit Portfolio Trading (CPT), Operations, etc in order to understand internal constraints and objectives and incorporate them into our daily processes and be able to form an opinion when working with Marketing on CSA negotiations ·Project Management: Manage range of projects for the team, working with a number of internal stakeholders across trading, operations, finance, technology, treasury and business management · Maintain an understand of current and future regulatory changes and their implications to our business

Desired profile

·Experience working in (or with) fixed income derivatives business and/or good understanding of fixed-income and derivatives pricing and Financing (Repo) ·Strong technical and quantitative skills; understanding of Python and VBA would be beneficial ·Strong communication and organization skills, plus ability to work in partnership with several other groups on a shared agenda ·Independent thinker and ability to network as needed in order to deliver results ·Ability to multi-task and manage multiple projects while continuing to deliver on daily requirements JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.