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CIB Operations (Derivatives Ops) - Agency Collateral Change Management - Associate - Bournemouth

Req #: 170095490
Location: Bournemouth, ENG, UK
Job Category: Operations
Job Description:
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
 
Derivative Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees.  Services provided to our Businesses include:
  • Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
  • Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices
 
Agency Collateral support internal & external clients (predominantly Banks & Broker Dealers) in managing their margin obligations/exposures.  Primary product support falls into 3 categories: Derivatives Collateral Management (DCM), Securities Collateral Management (SCM) & Margin Control.  Primary functions span three global teams; 1) Core Operations own day to day processes, (2) Middle Office have ownership of overall operational client satisfaction, (3)  Collateral Change deliver solutions to support Core Operations processing.
  • J.P. Morgan manages in excess of $350Bn of collateral balances and processes 20M transactions each year
  • More than 200 collateral clients globally, with 6,400 CSAs for over 100 third-party buy side clients. Collateral relationships with all major banks and brokers globally
  • Provides tri-party support in excess of 20 markets
 
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
 
Location Description
 
Bournemouth.  Over 4,000 employees work at the Bournemouth Corporate Center. We take immense pride in our work and in helping our community. We’re proud to leverage the local workforce and engage closely with local schools and charities. Our campus is set in 13 acres of grounds and includes on-site Tennis Courts and easy access to local sports facilities. We have good transport links including our commuter bus service. The site is currently benefitting from massive investment, redeveloping the office space into a High Performance Workspace and adding exciting new offerings to our communal spaces. We have 2 restaurants on site offering a wide range of healthy options. The staff are able to join in a wide range of groups from yoga to language classes, to groups supporting the diverse range of cultures represented here.
 
Job Description
 
An Associate opportunity has arisen for a project manager within the Collateral Change team. Working alongside partners in Technology, Product and Operations, the individual will be responsible for the end to end management and implementation of strategic solutions and process improvement initiatives to support Operations, the Business and our Clients. 
 
Summary of Responsibilities
 
  • Ownership and delivery of individual projects from inception through to execution
  • Analysis of  data and processes
  • Partnering with Technology, Product, Operations and utility groups to meet project objectives
  • Plan and coordinate testing of new applications and processes including creation of test plans/scripts, supporting and/or conducting test execution and working with Technology to resolve issues
  • Establish and maintain regular project reporting. Timely escalation of issues, identify and drive remedial action
  • Lead project working group meetings with Operations, Technology and other key stakeholders
  • Ensure appropriate policy and procedural documentation is in place
Skills and Qualifications
 
  • Excellent verbal and written communication skills
  • Leadership, interpersonal and relationship management skills
  • Flexible approach to working hours (weekend work to support system releases will be required)
  • Ability to manage projects in parallel
  • Ability to work under pressure and to deadlines
  • Ability to work under own initiative
  • Presentation skills
 
 
Experience (required)
 
  • Prior Project Management experience is essential
 
 Experience (advantageous)
 
  • Operations and/or Technology background
  • Knowledge of Agency Collateral Management products
  • People Management
  • SWIFT messaging
 
 
Could suit someone looking for a flexible working opportunity
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