Job Description
Are you ready to dive into the world of collateral management and credit risk mitigation? At our firm, you'll play a crucial role in client financing and fee-based activities, supporting a diverse range of products like Derivatives, Forex, and Prime Brokerage. Every day, we generate and distribute around 4,000 margin calls, manage call disputes, and ensure accurate regulatory reporting. With collateral balances ranging from $200Bn to $300Bn, your expertise will be vital in maintaining our high standards and delivering exceptional service.
As an Analyst/Associate in the Collateral Management Operations team, you will be responsible for engaging with both internal and external clients, resolving relationship issues and significant matters on behalf of the business. You will provide collateral coverage for all APAC-based clients from Malaysia, including those in Japan. You will handle the issuance, receipt, and monitoring of margin calls for OTC Derivatives and Loans, ensuring compliance with collateral agreements. You will manage and escalate collateral disputes to senior management and credit risk teams, while also recording, reconciling, and controlling cash or securities used as collateral. You will oversee a portfolio of clients, offering consultation and expert advice, and manage collateral on principal trades facing clearing houses.
Job Responsibilities
- Interact at a high level with Japanese clients and those outside Japan.
- Focus on clients with sensitive relationships, such as those in Japan and hedge funds.
- Generate collateral statements and send calls to clients for both standard and non-standard agreements, ensuring timely follow-up of all calls made by JPMorgan.
- Answer incoming collateral calls sent by clients and compare them to JP Morgan's exposure.
- Agree on the amount and type of collateral to be moved.
- Follow up on any counterparty fails.
- Reconcile and resolve disputes regarding large disputes or credit-sensitive customers.
- Agree on coupons due on securities held as collateral.
- Complete month-end tasks, including the computation and agreement of interest on any cash collateral held or delivered.
- Resolve incoming queries regarding a client's portfolio in a timely manner and escalate issues as necessary.
Required qualifications, capabilities, and skills
- Strong oral and written communication skills in Japanese and English.
- Minimum N2 level in Japanese language
- Degree holder in Finance or Accounting
- Minimum 1 years of experience in the Banking and Finance industry.
- Excellent client communication skills and telephone manner and a strong ability to build client relationships
- Must be highly numerate with good keyboard and core system (Outlook, Excel formulas, and Word) skills.
- Strategic thinker, able to review and implement process improvements.
Preferred qualifications, capabilities, and skills
- Experience in Operations related roles preferred
About Us
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
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