J.P. Morgan Commercial Investment Bank is a global leader in investment and wealth management, serving institutions, high-net-worth individuals, and retail investors worldwide.
As an Associate in Credit Portfolio Group (CPG) within Derivative Operations, you will drive Non-Cleared Margin adherence, GAUSS control compliance, and cross-LOB metrics and initiatives while promoting a culture of continuous improvement. You will partner with Operations and Technology teams globally to (re)design processes supporting Back Office, Middle Office, and global production teams. You will coordinate across asset classes to capture CSA change impacts to P&L and risk, mitigate portfolio risk, and resolve issues through facilitation and negotiation with senior stakeholders.
Job Responsibilities
- Track remap negotiations and manage expected demand related to Non-Cleared Margin requirements (including NMCR phase 2).
- Organize team execution to accurately track, control, and evidence newly signed and amended CSAs.
- Oversee daily CSA-to-discount-curve and FCF translation activities across Lines of Business, including discount curve mappings.
- Control CSA data changes through robust governance, curve override checks, and data quality controls used in the mapping process.
- Coordinate a global strategy and effectively face off with multiple asset classes and stakeholder groups.
- Analyze CSA changes to accurately capture P&L and risk impacts across businesses and asset classes.
- Partner with Operations, Technology, Front Office, Middle Office, and Compliance teams to gather requirements, produce functional specifications, and deliver risk-mitigating process enhancements across JPMorganChase.
Required qualifications, skills, and capabilities
- 10+ years of experience in Derivative Operations within a Middle Office or Back Office environment
- Strong numerical, analytical, technical, and problem-solving capability
- Strong written and verbal communication skills in English for global stakeholder engagement
- Demonstrated attention to detail, ability to deep dive for root-cause analysis, and strong task prioritization across multiple deliverables
Preferred qualifications, skills, and capabilities
- Experience supporting Non-Cleared Margin adherence and related operational controls and reporting
- Knowledge of CSAs, CSA data governance, and discount curve/FCF mapping concepts across asset classes
- Proven track record of delivering cross-LOB metrics, process redesign, and continuous improvement initiatives
- Strong facilitation and negotiation skills with senior stakeholders across Operations, Technology, Middle Office, and Compliance
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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.
Skills Required
- 10+ years of experience in Derivative Operations within a Middle Office or Back Office environment
- Strong numerical, analytical, technical, and problem-solving capability
- Strong written and verbal communication skills in English for global stakeholder engagement
- Demonstrated attention to detail, ability to deep dive for root-cause analysis, and strong task prioritization across multiple deliverables
- Experience supporting Non-Cleared Margin adherence and related operational controls and reporting
- Knowledge of CSAs, CSA data governance, and discount curve/FCF mapping concepts across asset classes
- Proven track record of delivering cross-LOB metrics, process redesign, and continuous improvement initiatives
- Strong facilitation and negotiation skills with senior stakeholders across Operations, Technology, Middle Office, and Compliance
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental health coverage are comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
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Retirement Support — A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
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Leave & Time Off Breadth — Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.
JPMorganChase Insights
What We Do
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. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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