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CIB BACC - Derivatives Ops Principal Collateral - Associate - Buenos Aires

Req #: 180005311
Location: Buenos Aires, C, AR
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
 
Collateral Principal Operations supports:
  • Collateral Management credit risk mitigation, client financing and fee based activity
  • Collateral Services supports a wide range of products: Derivatives, Forex, TBA, OTC Cleared, Prime Brokerage, Repos and Loans
  • Daily we generate and distribute margin calls; agree call amounts and collateral types; track and report call disputes, reconcile trading portfolios, monitor settlements and provide extensive regulatory reporting
  • On average we issue and settle ~4,000 collateral calls per day
  • Collateral balances held by JPM and pledged to the client range between $200Bn & $300Bn notional
 
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
Buenos Aires. J.P. Morgan’s extensive history in Argentina dates back to the 1880s, playing a crucial role in the financing of railroads, gold and minerals extraction, and sovereign financing. In 1978, J.P. Morgan reinforced its local presence with a branch office in the city, and less than a decade later, J.P. Morgan Argentina S.A. was created. Buenos Aires is a key location for the company’s international footprint. The firm is investing in creating a world-class corporate center in Buenos Aires, with refurbished and high performance workplaces, state-of-the-art technology and collaboration tools. It’s a first-class environment, where people take great pride in the important work they do for the company. Employees at the BA Corporate Center provide a wide range of support for the firm’s day-to-day, global business activities, representing JPM Corporate & Investment Bank, the strategic Operations & Technology Corporate Center and Corporate Functions. Employees work in 2 buildings collaborating, innovating and sharing their time while offering robust training, development and internal mobility opportunities.
Job Description
The primary responsibility of the position is to provide comprehensive support the day to day Operations for derivatives & other banking products, within the Corporate Investment Bank.
 Role description
  • Full operational support to derivatives & other financial instruments which are traded globally.
  • Exposure to high daily volumes and large amounts. 
  • Ensure timelines and service delivery standards are continually achieved.
  • Risk mitigation and escalation of issues in a timely manner.
  • Comply with policies, procedures and controls at all times for the safety of company and clients.
  • Would suit someone looking for a flexible working opportunity.
  • Partnerships with multiple groups within the company such as technology, finance and other operation teams.
  • Identify opportunities for process improvements and value-added initiatives.
 
Summary of Responsibilities
 
Ability to work in a fast-paced, dynamic and changing environment with demanding timelines and deadlines.
  • Solid sense of accountability and ownership of issues until resolution.
  • Strong analytical and problem solving skills. Attention to detail.
  • Team player, with experience working in matrix organizations.
  • Internal and external client service orientation.
  • Solid communication skills (written and verbal).
  • Capacity to work effectively with diverse styles and across cultures.
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