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J.P.Morgan is a global leader infinancial services, offering solutions to the world's most importantcorporations, governments and institutions in more than 100 countries.
Derivatives Operations provide operational support to Markets, InvestorServices and Banking businesses across the CIB. Key product areas includeCurrencies, OTC Derivatives, Collateral Principal, Global Clearing with aglobal team of ~1500 colleagues. Services provided to our Businesses include:
TransactionProcessing, Confirmation, Settlement and Clearing, Collateral Management, ClientService
Typicaldaily activity includes settling in excess of $2TRN via FX trades, leading aMarkets OTC portfolio of 3M trades, managing collateral balances in excess of$350BN and processing ~700K cleared and intermediary trades
CollateralPrincipal Operations supports:
CollateralManagement credit risk mitigation, client financing and fee based activity
CollateralPrincipal supports a wide range of products: OTC Derivatives, OTC Cleared,Repos, TBA and Loans/Letters of Credit
Dailywe generate and distribute margin calls; agree call amounts and collateraltypes; track and report call disputes, reconcile trading portfolios, monitorsettlements and provide extensive regulatory reporting
Onaverage we issue and settle ~4,500+ collateral calls per day
Collateralbalances held by JPM and pledged to the client range between $200Bn &$300Bn notional
We are an equal opportunityemployer and value diversity at our company. We do not discriminate on thebasis of race, religion, color, national origin, gender, sexual orientation,age, marital status, veteran status, or disability status.
Summary of Responsibilities
Lead the direction and execution of Principal Collateral transformation strategy building a highly effective process within operations; as well as partnering via an extended virtual team working across all the functional areas involved.
Change/Project management incorporating analysis, requirements documentation, testing execution, updates to standard operating procedures and implementation management; partnering closely with operations teams, change management and technology as required.
Navigate a complex global operations function within a large scale financial services institution, whilst balancing the needs of key partners in the business, operations and technology, to achieve the right outcomes for operations.
Forecast, track and report progress toward implementation; updating stakeholders/management.
Develop a robust governance and control framework to ensuring risks are mitigated; taking ownership for issue identification, escalation and resolution in a timely manner
Skills and Qualifications
Leadership experience in an operational environment with a consistent track record in reaching and exceeding goals. Experience in Client Facing roles and/or Derivatives/Securities/Collateral product knowledge is preferred.
Experience with large scale industry/technology initiatives is preferred.
Experience partnering with change management and technology groups to deliver operational change.
Ability to influence senior management across Business, Operations, Technology and other key stakeholders.
Process oriented with strong attention to detail, highly entrepreneurial, creative, open-minded, persistent; and highly collaborative and with a passion for delivering business results.
Ability to drive a robust risk/control environment; providing meaningful metrics and data driven insights.
Excellent written and oral communication and interpersonal skills.
Innovative/Creative mindset with ability to coach others to generate improvement ideas/challenge status quo.
Ability to identify short/medium tactical solutions as well as strategic/longer term roadmap.
Ability to operate in a dynamic/fast paced operations environment, prioritizing work within tight deadlines
Experience with intelligent automation tools; e.g. Alteryx, Xceptor, Robotics is preferred.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government's Disability Confident Scheme.
Closing Date: September 3, 2019
Internal Number: 6271951
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