24 days old

CIB - Collateral Risk Management - Analyst

JPMorgan Chase & Co.
Plano, TX 75074
  • Job Code
    190063661

CIB - Collateral Risk Management - Analyst

Req #: 190063661
Location: Plano, TX, US
Job Category: Credit
Potential Referral Amount: US Dollar (USD)

JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.

The Collateral Risk Management team is responsible for risk decisions around the firm’s financial collateral pool for OTC derivatives, Futures and Options, Securities Lending, and Repo-Style transaction. The decisions include asset eligibility, haircuts, enforceability, collateral optimization, CSA negotiation, identification of concentrations/ relatedness, and efficient re-use of assets, as well as coordinating liquidation of collateral in close-outs. We have input to industry-wide collateral forums, including ISDA collateral efforts, as well as loan, LC (letter of credit) and sec financing policy.

 

Job Requirements

The Collateral Risk Analyst will be based in Plano and will support the North America Collateral Risk Management team through quantitative and technical qualitative analyses of the firm’s collateral pool. This involves risk management within the Equity Prime Brokerage space where portfolio analysis is performed on a daily basis. The position will require the ability to interact with multiple teams to escalate risk concerns and resolve in a timely manner. The analyst will also cover the collateral pool across OTC derivatives (cleared and non-cleared), Futures and Options, Securities Lending, and Repo-Style transactions. The analyst will use discussions with internal trading desks, credit executives and marketers to recommend eligibility and optimal haircuts for transactions.

The Analyst will:

  • Conduct portfolio analysis for Equity Prime Brokerage space.
  • Identify market or security moves and translate into a risk view/impact for the portfolio.
  • Analyze new portfolios from a risk perspective and suggest margin framework that covers potential exposure.
  • Analyze the firm’s methodologies that are used for initial margin calculations
  • Assist in analyses for the appropriateness of initial margin calculation or margin frameworks
  • Perform second line of defense controls related to Collateral Risk Policy, Collateral Pool Monitoring, Collateral Eligibility Requirements, Correlated Collateral
  • Recommend collateral restrictions to senior members of the team
  • Assist the Collateral Risk management team in the overall identification of risks that require further investigation
  • Assist in analyses on appropriateness of the model and remediate potential issues
  • Assist in haircut related analyses for portfolio of derivatives, securities financing, and cleared product
  • Interact with clients and internal teams to highlight and explain notable risk concerns.
  • Manage processes and prioritization of legal enforceability for collateral and netting for derivatives, securities financing and margin lending products through the legal counsel working group
  • Manage flow of legal negotiation
  • Assist in development of funding / re-use guidelines, margin segregation / custody issues, and securities lending collateral
  • Requirements
    • Strong quantitative skills with an interest in Finance, including a Bachelor’s degree in Statistics, Mathematics, Quantitative Finance, or  a similar technical field
    • Strong attention to detail, specifically the ability to identify outliers and understand their importance
    • Ability to escalate issues early
    • Strong communication skills including the ability to translate technical concepts to a non-technical audience
    • Focus on market events and understanding of how developments could lead to  potential exposures amongst the client base.
    • Strong organizational and project management skills
    • Knowledge of the below is advantageous:
      • Traded products such as OTC Derivatives, Repo & Sec Lending, F&O and OTC Clearing and fixed income products
      • Dodd-Frank regulatory reform.
      • Credit, trading or trading middle-office functions.
      • SIMM, VaR, or initial margin methodologies.
      • Bloomberg or Reuters
 

 

 

 


Keyword: consumer%20banking

Categories

Posted: 2019-11-19 Expires: 2019-12-19

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CIB - Collateral Risk Management - Analyst

JPMorgan Chase & Co.
Plano, TX 75074

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