Agency Securities Finance (ASF) as agent lender provides equity and fixed income securities to broker dealers to facilitate their proprietary and client trading strategies. Where they have a requirement to borrow securities the lending desk negotiates a fee for the loan based on supply and demand and the type of underlying strategy. With 5 trading desks globally, JPMC offers a 24-hour service in 37 different markets.
As an Associate in the Agency Securities Finance Operations team, you will be responsible for providing regional operational support for our Discretionary Securities Lending businesses. You will work on a product that is positioned for significant growth and we are looking for dedicated individuals to support this expansion.
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Job Responsibilities
- Provide operational support for the Securities Lending & Cash Reinvestment Trading desks
- Monitor client sales, and ensuring adequate inventory for settlement
- Assist the trade desk to recall or swap positions for proxy events, buffer management, MSCI rebalance and client transitions
- Monitor Securities Lending trades to ensure settlement, liaising directly with counterparties and agent banks
- Provide oversight and escalation support for APAC events - Corporate Actions and Manufactured Income
- Process and monitor Reinvestment Desk trades to ensure settlement
- Ensure sufficient collateral is maintained at all times for the stock on loan in our Discretionary program, including cash & non-cash collateral, and bilateral repos
- Review and report on daily compliance data
- Provide metrics and associated commentary to senior operations managers
- Train and develop junior staff
- Focus and drive efficiencies, utilizing digital tools such as Alteryx, Xceptor, Tableau and Python
- Drive changes to the control and automation agendas
Required qualifications, capabilities, and skills
- Minimum 5 years of experience in Securities Lending, Collateral Management, Settlements or Trade Support/Middle Office role
- Sound knowledge of Global Financial Markets
- Proven track record in a busy / dynamic operations environment with an ability to work under pressure and to strict deadlines
- A history of process improvements
- Good understanding of Microsoft Excel
- Understanding of the workflows of a custodian
- A strong controls focus
Preferred qualifications, capabilities, and skills
- Bachelor degree or above preferred
- Exposure to digital tools such as Alteryx, Xceptor, Tableau and Python beneficial
ABOUT US
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
ABOUT THE TEAM
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Operations teams develop and manage innovative, secure service solutions to meet clients' needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.