JP Morgan Chase - Associate - Non-Cleared Margin Rules - Market Operations - CSA - CIB

BUSINESS UNIT OVERVIEW

Credit Portfolio Group (CPG) is one of the key sub-groups within IB Risk and is mandated to actively manage the Investment Bank's retained credit exposures resulting from traditional lending and derivatives activities. Specifically, CPG is responsible for developing and executing strategies with the primary goals of reducing credit risk concentration and losses from credit events, as well as aiming to increase the capacity for future business.

One element of these responsibilities is to manage the market risk of derivatives counterparty exposure. This entails risk position analysis for a number of separate markets and executing a coherent strategy across them.

Differential Discounting (DD) allows JPM trading infrastructure to price and risk manage financing costs in a manner that is consistent with various funding treatments specified by JPM's counterparty-specific collateral arrangement. This major initiative went live in November 2011. The DD (formerly DCU, Differential Discounting Utility) function was created as a result of this program and as part of CPG provides risk management for the C&IB along with CIO & Treasury. It also provides CSA spreads and CSA related trade to discount curve mapping

RESPONSIBILIITES:

- Responsible for tracking remap negotiations; this includes but is not limited to managing the expected demand NMCR phase 2 (non-cleared margin). Making sure the team is organized and can accurately track and control newly signed and amended CSAs.

- Production team in Mumbai responsible for CSA discount curve mappings for each Line Of Business including:

- Daily process to translate CSA information into Discount curves and FCFs.

- Key controls over changes in CSA data, curve overrides

- Key controls on data quality of data used in the CSA Discount curve mapping process

- Face off to multiple asset classes and be able to coordinate a global strategy effectively and efficiently.

- Accurately capture the impact of a change to a CSA from a PnL and Risk point of view across multiple asset classes and businesses.

- Gather business requirements, perform detailed analysis, and produce associated functional specifications where required.

- Partner with Operations, Technology and Front Office groups globally within JPM to define and implement new requirements

- Risk mitigation, ensure the risk in JP Morgan's outstanding portfolio of trades is effectively mitigated and controlled through various control & risk mitigation processes and function.

- Close interactions with senior experts from various different teams and regions including global Middle offices, Technology and Compliance to resolve outstanding issues. This role will involve a large amount of facilitation and negotiation.

- Actively work with the global team and management to achieve both industry and internal targets.

SKILL / EXPERIENCE:

MANDATORY:

1) Strong numerical, analytical, technical and problem-solving skills.

2) The role global in nature therefore will require strong communication skills and the candidate should be highly articulate in the English language.

3) Attention to detail. Demonstrates willingness to deep dive into an issue or problem to establish and address root cause.

4) Drive and motivation: successfully handles and prioritizes multiple tasks, takes initiative and leads to improve own and team's performance, works intensely towards extremely challenging goals and persists in the face of obstacles.

5) Strong team player- effectively collaborates with others both locally and globally.

7) Creativity/Innovation- leads by example to challenge the status quo and looks for new ways to improve current processes and procedures. Develop creative solutions that are grounded in reality and have practical value.

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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