4 days old

CIB - Collateral Risk Management - Associate

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

CIB - Collateral Risk Management - Associate

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.

 

 
Responsibilities

The Collateral Risk Associate 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. The analyses will cover the collateral pool across OTC derivatives (cleared and non-cleared), Futures and Options, Securities Lending, and Repo-Style transactions. The Associate will engage with clients and internal stakeholders to set the terms of negotiations. The Associate will further be able to provide guidance to the Collateral Risk Analyst on risk controls.

The Collateral Risk Associate will:

  • Provide guidance to internal stakeholders on risk questions in the Collateral Guidelines, as well as performing second line of defense controls related to the Collateral Risk Policy.
  • Be an expert in at least one of the firm’s Initial Margin Methodologies to be able to suggest appropriateness of margin or a compensating control.
  • Be an expert in the Uncleared Margin Rules for the US jurisdiction.
  • Monitor and develop enhancements to the firm’s Correlated Collateral framework.
  • Recommend collateral restrictions to senior members of the team.
  • Assist in haircut related analyses for portfolio of derivatives, securities financing, and cleared products.
  • 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 the flow of legal negotiations.
  • Assist the Collateral Risk management team in the overall identification of risks that require further investigation.

    • A minimum of 4 years of experience in the financial services industry, consulting, or a similar services industry.
    • Bachelor’s Degree with quantitative emphasis, such as a degree in Statistics, Mathematics, Quantitative Finance, or a similar technical field.
    • Solid understanding of one of SIMM (Standard Initial Margin Model), VaR, or a Stress-Based Approach to Initial Margin.
    • Understanding of the documentation requirements for trading financial instruments.
    • Strong attention to detail, specifically the ability to identify outliers in a statistical distribution and understand their importance.
    • Strong communication skills, specifically the ability to translate technical concepts to a non-technical audience.
    • Strong organizational and project management skills.
    • Knowledge of the below is preferred:
      • 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.
 


Keyword: consumer%20banking

Categories

Posted: 2019-09-11 Expires: 2019-10-11

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CIB - Collateral Risk Management - Associate

JPMorgan Chase & Co.
Plano, TX 75074

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