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AWM_OpWealth Management Collateral Monitoring Analyst – ROH1504

JPMorgan Chase Bank, N.A.

This is a Contract position in Olmito, TX posted September 7, 2021.

About JP Morgan Asset & Wealth Management JPMorgan Chase & Co.

is a leading global financial services firm with assets of more than $2trillion, and over 200,000 employees and operations in over 60 countries.

It operates across six business segments including Investment Banking, Commercial Banking, Treasury and Securities Services, Asset & Wealth Management, and Retail Financial Services and Card Services.

The Wealth Management division of JPMorgan Chase & Co.

is part of the Asset & Wealth Management business segment.

For over 160 years it has offered customized solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world.

With assets under management of $1.25 trillion, it is one of the largest asset and wealth managers in the world.

Group Description: Credit Risk Management (CRM) reports into Wealth Management (WM) Credit Operations group.

The team monitors all JPMorgan GWM exposures (loans, OTC derivatives, and brokerage margin loans) secured by financial (equities, fixed income, etc) and other asset types.

They manage intraday transactions and exceptions related to secured credit facilities and pledged collateral.

The team is also involved in several development projects, manages various reporting and analytical functions, actively partners with program and technology resources to improve platforms/functionality and represents the collateral function to various risk and control forums.

The functions performed by this team are critical to protecting the bank from potential credit losses.

Job Description: Individual will be expected to develop a deep understanding of the Credit business and all collateral functions, applicable regulations and policies in order to provide oversight and guidance to this group on a daily basis.

The Collateral Risk analyst will work very closely with Credit Operations leadership, Risk, Capital Advisory, Bankers, Client Service, Centralized Lending, Underwriting as well as technology, compliance and legal personnel to manage collateral and secured or unsecured credit exposure, execute client requests, identify and escalate credit issues, and manage risk.

Team responsibilities across the Domestic, Latin America and Multinational portfolios include: Review and understand new agreement terms and documentation.

Set-up agreement terms regarding collateral in credit systems for ongoing compliance monitoring.

If credit systems cannot support the monitoring of the arrangement, set-up the agreement for monitoring offline.

Monitor collateral daily and identify non-compliant scenarios.

Confirm the accuracy and escalate to Credit and Bankers for resolution plan and date determination.

Manage requests for intraday transactions and approve if collateral position and/or covenant compliance is adequate.

Intraday transactions are inclusive of cash and security movement within pledged accounts as well as loan and letter of credit draw downs.

Manage amendments to original agreement terms, including lending value and covenant requirement changes and ensure they are accurately reflected in credit systems for ongoing compliance monitoring.

Manage third party pledge scenarios when the client’s exposure secured by assets held internally is external to JPM AND when the client’s exposure secured by assets held externally is internal to JPM.

Regularly update credit system valuations regarding the external assets.

Participate in credit system defect identification, UAT testing, and ongoing business requirement discussions.

Respond to Hotline enquiries.

Manage initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed.

Provide analysis concerning portfolio as needed.

Qualifications Skills and Experience Required: Preference for operational management experience Outstanding leadership, team orientation, drive, initiative and strong work ethic Strong project management skills
– experience managing process reengineering initiatives High-level of proficiency in organizing, prioritizing, and managing issues Strong independent judgment and awareness of appropriate escalation Strong verbal and written communication Attention to detail, strong analytic skills Must be self-motivated and able to work independently Strong excel skills Knowledge of bank systems and loan/credit operations a plus Minimum BA/BSJPMorgan 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.Equal Opportunity Employer/Disability/Veterans

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