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CIB Operations (Derivatives Ops) - Collateral Middle Office - Singapore - Professional

Job Description

J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments, financial institutions, pensions, sovereign wealth organizations, states and municipalities entrust us with their business. We offer our clients a full suite of global financial services and capabilities, providing strategic advice, raising capital, managing risk, and extending liquidity in markets around the world. Not only is our goal to help clients succeed, we are committed to contributing to orderly and well functioning markets and supporting global economic growth across our businesses.


Team Description:
Collateral Services is part of the Agency Clearing, Collateral Management & Execution (ACCE) Operations group.  The team's primary responsibility involves interacting with clients in order to agree and settle margin requirements to mitigate credit risk associated with Cleared and Non-Cleared OTC Derivatives, Repos, TBAs/forward settling MBS, and Traditional Credit Products.  The team supports all OTC Derivative Markets, Intermediation/Clearing, CIO, and Commercial Bank businesses; as well as the Repo/Finance Desk and the Securitized Products Group (SPG) MBS Trading Desk. 
Asia Collateral Middle Office (Collateral Singapore) is primarily responsible for:
  • Facing internal/external clients to resolve relationship issues and significant client matters
  •  Issuance, receipt and monitoring of margin calls in accordance with the terms of the collateral agreements for OTC Derivatives, Loans
  • Resolution and escalation of collateral disputes and fails to senior management and credit risk teams
  • Recording, reconciliation and control of cash or securities received/posted as collateral
  • Management of portfolio of clients, providing consultation and expert advice to internal stakeholders
  • Collateral management on principal trades facing clearing house
  • Acting as collateral broker for OTC listed clients
Key Responsibilities:
  • Generating collateral statements and sending calls to clients for both standard and non-standard agreements. Timely follow up of all calls made by JPMorgan 
  • Answering of incoming collateral calls sent by clients comparing them to JP Morgan's exposure
  • Agreeing on the amount and type of collateral to be moved and follow up on any counterparty fails  
  • Reconciliation and dispute resolution with regards to large disputes or credit sensitive customers
  • Agreement of coupons due on securities held as collateral
  • Month end tasks including computation and agreement of interest on cash collateral held/delivered
  • Time bound resolution of incoming queries regarding client’s portfolio. Escalation of issues
  • Margin related cash/security settlements
Essential Skills:
  • External client services experience, or similar experience interacting with demanding internal clients
  • Working knowledge of OTC Derivative products or similar background
  • Proven experience of effective relationship building with a wide variety of stakeholders, for example; Clients, Credit Execs and Business Partners.
  • Excellent communication skills and telephone manner and a strong ability to build client relationship.
  • Must be attentive and responsive to client needs with high level of accuracy and attention to detail
  • Ability to work with minimal supervision in a methodical and organized manner
  • Must be highly numerate with good keyboard and core system (Outlook/Excel/ Word/PowerPoint) skills
  • Excellent team player and be flexible during busy periods such as month end
  • Ability to prioritize workflow and work to strict deadlines agreed in legal documentation
  • Strong Risk and Control Awareness – with the ability to push back on stakeholders when risk/controls could be compromised
  • Good understanding of market and regulatory landscape
  • Strategic thinker, able to review and implement process improvements
Req #: 160037147
Location: Singapore, 01 SG
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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