CIB – Agency Lending – Collateral Processing Associate – Associate – Bournemouth Job at JPMorgan Chase Bank, N.A. – in Bournemouth
J.P. Morgan’s Corporate & Investment Bank (CIB) 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 world.
About Agency Lending
Agent Lending is a product line within Trading Services, which is part of the Custody and Fund Services business within Investor 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. Agent Lending lends clients’ securities held in custody at JPMorgan and other custodian banks against a range of collateral in return for a fee. 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.
Areas of the business include:
Regulatory and Controls
Directed and non-Custody lending
Collateral Management and Cash Reinvestment
Tax & New Business
Technology and Operations Development
Client Crediting and Borrower Billing
Team Description – Collateral
The Collateral Management team is responsible for the oversight and settlement of Collateral trades, and managing intraday exposures generated from new lending activity. The role requires the individual to have excellent communication skills in conjunction with an ability to multitask. This is due to the complexities of parties involved and the volume of accounts covered. The will need great time management skills and an ability to work well under pressure in order to manage and complete the workload in time for the hard market deadlines.
Roles & Responsibilities:
Processing and settling the daily collateral trades
Calculation of non-cash & cash collateral exposures, working closely with the borrower community to ensure correct margins are maintained
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.
Dealing with a high volume of queries relating to product understanding, settlement of collateral and general reconciliation breaks
Management of client relationships and liaising with relationship managers to maintain client expectation
Strong business analysis and problem solving skills; Able to be give delegated responsibility to define appropriate solutions.
Strong attention to detail
Must be self-driven, fast learner and delivery focused.
Strong verbal and written communicator; Excellent at making verbal and written presentations
Well organized and be able to develop plans and break down into achievable deliverables, be able to identify risk/issues and resolve them to ensure timely delivery.
Ability to effectively multi-task and work independently when required.
Team player with strong analytical and collaboration skills, able to partner effectively with many different individuals and groups.
Proven experience working fast and with exceptional diligence, delivering high standards of service quality.
Previous experience & knowledge in collateral/trade settlements & payment area, preferable but not required.
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.
About the Company
Company: JPMorgan Chase Bank, N.A. –
Company Location: Bournemouth