Margin and Collateral - Associate

Location: BOURNEMOUTH, DORSET, United Kingdom

Job Family: Margin&Collateral

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client service excellence. As a Margin and Collateral Associate in our Client Services team based in Bournemouth, Dorset, United Kingdom, you will be at the forefront of mitigating counterparty risk in our dynamic markets division. This role involves working closely with institutional clients, trading teams, and risk managers to ensure robust margin and collateral processes that safeguard the firm's interests while supporting efficient capital markets. You will contribute to a high-impact environment where precision and regulatory knowledge are paramount, leveraging JP Morgan's cutting-edge technology to handle complex portfolios across derivatives, securities financing, and repo transactions. Your day-to-day responsibilities will include calculating margin requirements, managing collateral flows, and reconciling positions to prevent exposures in volatile markets. You will utilize advanced systems to automate margin calls, resolve valuation disputes, and optimize collateral usage, all while adhering to stringent regulations like EMIR and Dodd-Frank. Collaboration is key; you'll partner with cross-functional teams to provide insights on risk mitigation strategies and drive process improvements that enhance operational efficiency. This position offers exposure to global financial instruments and the opportunity to grow within one of the world's most respected institutions. Joining JP Morgan Chase means becoming part of a culture that values integrity, innovation, and inclusion. We invest in your professional development through tailored training programs, mentorship, and access to industry-leading resources. In Bournemouth, you'll benefit from a supportive work environment with hybrid flexibility, fostering work-life balance while contributing to high-stakes financial operations. If you thrive in a challenging, collaborative setting and have a passion for risk management in finance, this role is an ideal step in your career at JP Morgan Chase.

Key Responsibilities

• Calculate and monitor initial and variation margin requirements for client portfolios to mitigate counterparty risk
• Manage collateral postings, including securities and cash, ensuring compliance with ISDA agreements
• Perform daily reconciliations of margin calls and resolve discrepancies with counterparties
• Collaborate with trading desks and risk teams to assess exposure and optimize collateral usage
• Implement and oversee automated margining processes using proprietary JP Morgan systems
• Ensure adherence to global regulations and internal policies on collateral management
• Analyze portfolio risks and provide recommendations for collateral efficiency
• Handle dispute resolution for margin and collateral valuations
• Contribute to process improvements and system enhancements in the Client Services team
• Prepare reports on margin activities for senior management and regulatory submissions

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related field
• At least 2-3 years of experience in margin management, collateral operations, or risk mitigation within financial services
• Strong understanding of derivatives, securities lending, and counterparty risk frameworks
• Proficiency in regulatory requirements such as EMIR, Dodd-Frank, and Basel III
• Experience with collateral management systems like Murex or Calypso
• Excellent analytical skills with the ability to handle complex financial data
• Fluency in English; additional languages such as French or German are advantageous

Preferred Qualifications

• Advanced degree (Master's or CFA) in Finance or Risk Management
• Prior experience at a global investment bank like JP Morgan Chase
• Knowledge of triparty collateral arrangements and repo markets
• Familiarity with automation tools for margin calls and dispute resolution
• Certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager)

Required Skills

• Proficiency in Excel and VBA for financial modeling
• Knowledge of SQL for data querying and analysis
• Understanding of financial derivatives and OTC products
• Strong attention to detail and accuracy in high-volume environments
• Excellent communication skills for client and internal interactions
• Analytical mindset for risk assessment and problem-solving
• Time management and ability to prioritize under deadlines
• Familiarity with risk management software and tools
• Team collaboration and interpersonal skills
• Adaptability to fast-paced financial markets
• Regulatory compliance awareness
• Quantitative analysis capabilities
• Dispute resolution and negotiation skills
• Process optimization and automation expertise
• Client-focused service orientation

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• Generous 401(k) matching and pension contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives at JP Morgan locations
• Global mobility opportunities and career progression support

JP Morgan Chase is an equal opportunity employer.