Join our dynamic team at JPMorgan Chase & Co. as a Collateral Risk Analyst within the Global Wealth Management division. Play a critical role in safeguarding the bank from potential credit losses by managing secured credit exposures and enhancing our risk management processes. If you are a detail-oriented professional with strong analytical skills and a passion for risk management, we want you on our team!
Job Summary:
As a Collateral Risk Analyst in Asset Wealth Management, you will be responsible for monitoring and managing all JPMorgan Global Wealth Management exposures, including loans, OTC derivatives, and brokerage margin loans secured by financial and other asset types. You will develop a deep understanding of the Credit business and collateral functions, providing oversight and guidance to ensure compliance with applicable regulations and policies. Collaborate with Credit Operations leadership, Risk, Capital Advisory, Bankers, Client Service, Centralized Lending, Underwriting, technology, compliance, and legal personnel to manage collateral and credit exposure, execute client requests, and identify and escalate credit issues.
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Job Responsibilities:
- Set up agreement terms regarding collateral in credit systems for ongoing compliance monitoring. Manage offline monitoring if systems cannot support the arrangement.
- Monitor collateral daily, identify non-compliant scenarios, confirm accuracy, and escalate to Credit and Bankers for resolution.
- Manage requests for intraday transactions, approving them if collateral position and covenant compliance are adequate.
- Manage amendments to original agreement terms, ensuring accurate reflection in credit systems for compliance monitoring.
- Handle third-party pledge scenarios and regularly update credit system valuations regarding external assets.
- Participate in credit system defect identification, User Acceptance Testing (UAT), and ongoing business requirement discussions.
- Manage initiatives to resolve control gaps and enhance processes for efficiency and effectiveness.
Required Qualifications, Capabilities, and Skills:
- Minimum BA/BS degree.
- Strong project management skills with experience in process reengineering initiatives.
- High-level proficiency in organizing, prioritizing, and managing issues.
- Strong independent judgment and awareness of appropriate escalation.
- Attention to detail and strong analytical skills.
- Self-motivated and able to work independently.
- Strong Excel skills.
Preferred Qualifications, Capabilities, and Skills:
- Knowledge of bank systems and loan/credit operations is a plus.
- Operational management experience.
Visa sponsorship or relocation assistance will not be offered for this role. This position will require to work 5 days in office.
ABOUT US
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.