Derivative Margin Client Services Representative
The Derivative Margin Client Service (DMCS) Team currently support client facing collateral functions for the Investment Bank’s OTC derivatives bilateral book. The team also supports collateral calls for OTC Cleared derivatives and going forward will deliver consolidated margin servicing where overlap occurs for FO clients. The successful candidate will be a Bournemouth based member of this team responsible margining activity.
As part of the Investment Bank’s Global Collateral model the EMEA DMCS team provide a controlled environment for the mitigation of counterparty risk via the monitoring and collection of collateral.
EMEA IB DMCS team is primarily responsible for:
- Management of a portfolio of clients, providing consultation and expert advice.
- Facing internal and external clients, to involve resolving relationship issues and significant client matters on behalf of the business.
- Issuance, receipt and monitoring of margin calls in accordance with the terms of the collateral agreements for OTC Derivatives.
- Resolution, control 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.
Key objectives of this team will be to provide clients with the option of receiving single consolidated reporting/statements, a single funding point for settlement activity and a single point of contact for supporting daily activity across Derivatives Collateral Management, Derivatives Settlements and FO. The Client Service Representative will deal primarily with buy-side clients (Hedge Funds, Investment Advisors/Asset Managers) and will develop partnerships internally with various Marketers/Salespeople, individuals in Prime Brokerage, Credit Executives, Middle Offices, and Line of Business Operations Teams.
This role will report to one of the Margin team managers in Bournemouth and be responsible for a combination of the following;
- Continued development of the Clearing Client Service offering
- Client Onboarding/Testing effort as required
- System Testing/User Training
- Providing a flexible approach in order to support the prime brokerage/clearing businesses in a continually changing market environment.
- Ad-hoc Data manipulation/analysis
- High level of customer interaction.
- 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.
Please send you application to Ella-Jayne Anderson - ella.j.anderson@jpmchase.com with the Reference Reference RC
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