Treasury Services – Transaction Approval Risk Manager – AVP (Based in London) recruitment

About J.P. Morgan Chase Co.
J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at www.jpmorganchase.com.
About J.P.Morgan Treasury Securities Services
Treasury Securities Services (TSS) generates more than $8 billion in revenue annually and is a global leader in custody, securities lending, fund accounting and administration, as well as in treasury services. TSS supports the needs of institutional clients worldwide and is one of the top three providers in both of its businesses: Treasury Services (TS)
and Worldwide Securities Services (WSS).
About J.P.
Morgan Treasury ServicesJ.P.
Morgan Treasury Services (TS) is one of the world's largest providers of treasury management services.
J.P. Morgan's TS business is a full-service provider of innovative cash management, trade, liquidity, commercial card, and escrow services - specifically developed to meet the challenges treasury professionals face today.
More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan.
Risk Management
Europe, Middle East and Africa (EMEA) Risk Management is an independent function reporting to the TSS Risk Executive and the JPMorgan Chief Risk Officer.
EMEA Risk Management, in partnership with the line of business management, provides risk coverage to all treasury products and services to clients within the Western European and developed markets of Central and Eastern Europe and, Middle East and Africa.
Transaction Approval Group
The Transaction Approval Group is responsible for approving payment credit exposures in excess of client balances and approved credit lines, and is part of Treasury Services Risk Management. The team is accountable to the Treasury Service EMEA Risk Management. The group takes responsibility for monitoring and approving intraday money transfer credit exposures, covering a wide range of clients including banks, non-bank financial institutions including insurance companies and broker/dealers, corporate, sovereign wealth funds, hedge funds, pension funds and mutual funds.
Job Description
Key Responsibilities:
To manage intraday credit exposures arising from a portfolio of products and clients via approving payments within a dynamic and fast moving environment.Monitor and approve intraday transaction exposure across all Treasury Services
Europe, Middle East and Africa branches for cash and securities movements.Apply the principles of good credit risk, within respective approval authority, to manage credit exposures in an efficient and prudent manner.Monitor, acknowledge and approve overnight overdraft exposures.Actively co-ordinate/liaise with key stakeholders including Sales, Product Development, IB Credit, Relationship Managers and Operations to set up appropriate credit limits/arrangements to support clients' activities and to approve new clients and structure credit control solutionsTo be a credit subject matter expert for Treasury Services payment systems and processes.Assist with the development of the Global Funds Control System and any other systems that function with credit controlsWork with Treasury Services
Operations to ensure payment and securities trade approvals queues are clear by cut off times.

Qualifications

These points have been carefully considered as being essential for the role. Your background must accurately reflect all of these for your application to be considered.
Experience of money transfer approval processCredit risk management experience of Treasury Services productsCredit training through a formal Bank programme or professional qualification e.g. CFABanking experience, ideally in an international bankAbility to think clearly and concisely in a pressurised environment and to be accurate, reliable and confident in approving credit exposures within delegated lending authorityA good understanding of the global financial system and the process by which securities and cash settle in markets.
Desirables:Experience in credit issues for Financial Institutions, Non-Bank Financial Institutions and CorporatesExperience with JPMorgan systems e.g. Global Funds Control, Cosmic, CCMS, Exposure Now.JPMorgan offers an exceptional benefits program and a highly competitive compensation package.JPMorgan is an Equal Opportunity Employer.