Collateral Svc Specialist IV

Location: Chicago, IL, United States

Job Family: Lending Services

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client focus. As a Collateral Svc Specialist IV in our Lending Services team, you will play a pivotal role in managing the collateral lifecycle for complex lending portfolios. Based in our Chicago, IL office, this position involves driving the review and validation of collateral documents, ensuring all metadata is accurately captured to support seamless operations. You will work closely with internal stakeholders to uphold compliance with stringent regulatory frameworks, contributing to the firm's reputation for reliability and excellence in financial services. This role demands a keen eye for detail and a proactive approach to identifying and resolving documentation issues that could impact loan security and risk exposure. Your day-to-day responsibilities will include scrutinizing legal documents such as pledges, assignments, and control agreements, while leveraging JP Morgan's advanced technology platforms to extract and store critical metadata. You will collaborate with cross-functional teams, including credit risk analysts and legal experts, to facilitate efficient collateral management processes. In addition, you will monitor portfolio health, prepare reports for senior management, and participate in audits to demonstrate adherence to regulations like UCC and ISDA standards. This position offers the opportunity to influence process enhancements, utilizing data analytics to optimize workflows and reduce operational risks in a dynamic lending environment. Joining JP Morgan Chase means becoming part of a collaborative culture that values professional growth and work-life balance. We seek individuals who are passionate about financial services and committed to delivering exceptional results. In this senior specialist role, you will mentor junior staff, drive continuous improvement initiatives, and contribute to the broader goals of our Commercial Banking division. If you thrive in a high-stakes setting and have a solid foundation in collateral operations, this opportunity allows you to advance your career while supporting the firm's mission to empower clients worldwide.

Key Responsibilities

• Review and validate collateral documents for accuracy, completeness, and compliance with internal policies and regulatory standards
• Capture and maintain metadata for collateral assets to support lending operations and risk assessment
• Collaborate with stakeholders including clients, legal teams, and risk managers to resolve documentation discrepancies
• Monitor and report on collateral portfolio performance, identifying potential issues or opportunities for optimization
• Ensure timely processing of collateral pledges, releases, and substitutions in line with loan agreements
• Conduct quality assurance checks on document workflows to minimize errors and enhance operational efficiency
• Support audit and regulatory examinations by providing detailed documentation and explanations of collateral processes
• Contribute to process improvements in collateral services, leveraging technology to streamline metadata capture
• Assist in training junior team members on best practices for document review and compliance
• Maintain up-to-date knowledge of industry trends and regulatory changes impacting collateral management

Required Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field
• Minimum of 5 years of experience in collateral management, lending services, or financial operations within the banking industry
• Strong knowledge of regulatory requirements such as Dodd-Frank, Basel III, and UCC guidelines for collateral documentation
• Proficiency in document review processes and metadata extraction tools used in financial services
• Experience collaborating with cross-functional teams including legal, risk, and client-facing departments
• Ability to handle sensitive financial data with strict adherence to confidentiality and compliance standards
• Demonstrated track record of ensuring accuracy in high-volume transaction environments

Preferred Qualifications

• Advanced certification such as Certified Collateral Specialist (CCS) or equivalent
• Experience working with JP Morgan Chase's internal systems like Loan IQ or collateral management platforms
• Familiarity with derivatives collateralization and tri-party agreements
• Prior exposure to international collateral services and cross-border regulations
• MBA or advanced degree in Finance

Required Skills

• Expertise in collateral documentation and legal agreements
• Proficiency in Microsoft Office Suite, especially Excel for data analysis
• Knowledge of financial databases and CRM systems
• Strong analytical and problem-solving abilities
• Attention to detail for accurate metadata capture
• Excellent communication skills for stakeholder collaboration
• Regulatory compliance awareness in banking
• Time management in fast-paced environments
• Risk assessment and mitigation techniques
• Team-oriented collaboration
• Adaptability to evolving financial regulations
• Data entry and validation proficiency
• Project management basics
• Customer service orientation for client interactions
• Technical aptitude for learning proprietary JP Morgan tools

Benefits

• Comprehensive medical, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement for relevant certifications
• Employee stock purchase plan and performance-based bonuses
• Wellness programs including gym memberships and mental health support
• Flexible work arrangements and hybrid options for eligible roles
• Access to JP Morgan's global mobility programs for career advancement

JP Morgan Chase is an equal opportunity employer.