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CIB Operations (Agency Collateral Ops) - Middle Office Support - Bournemouth - Associate

Req #: 170121582
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
 
In order to ensure Operations readiness, an Associate opportunity has arisen within the Middle Office team responsible for helping review documentations, issuing these to clients, performing authentication of instructions and all aspects of client readiness to support the Business and our Clients in the post-Brexit environment. 
 
Summary of Responsibilities
 
•              Analysis of existing processes
•              Assisting the Middle Office team with client communications
•              Reviewing Standard Settlement Instruction documents
•              Issuing these documents to clients
•              Authenticating the SSI documents
•              Partnering with Technology, Product, Operations and utility groups to create to ensure the target state stays on track  
•              Participation in project planning
•              Ownership and delivery of individual project work
•              Issue management and remediation
Skills and Qualifications
 
•              Excellent verbal and written communication skills
•              Numeracy
•              Accuracy
•              Flexible approach to working hours
•              Experience in Project work advantageous but not essential
•              Ability to prioritise
•              Ability to work under pressure
•              Ability to work under own initiative
 
Experience (advantageous)
•              Operations and/or Technology background, ideally in Trade Capture or Settlements functions
•              Knowledge of Agency Collateral Management products
•              Project Management
•              SWIFT messaging
 
Could suit someone looking for a flexible working opportunity
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