Margin & Collateral Manager III

Location: Mumbai, Maharashtra, India

Job Family: Margin&Collateral

About the Role

At J.P. Morgan Chase, we are at the forefront of financial innovation, and our Margin & Collateral Management team plays a pivotal role in safeguarding our global trading operations. As a Margin & Collateral Manager III in our Mumbai office, you will join a dynamic team responsible for managing collateral across derivatives, securities financing, and other complex financial products. This role offers the opportunity to build your career in one of the world's most respected banks, where creativity and excellence are not just valued but essential to driving success in a competitive industry. You will contribute to optimizing collateral usage, ensuring regulatory compliance, and mitigating risks in a high-stakes environment that supports J.P. Morgan's unparalleled client services worldwide. In this position, you will handle end-to-end margin processes, from initial margin calculations using advanced models like the Standard Initial Margin Model (SIMM) to triparty collateral management and dispute resolution with counterparties. Working closely with global trading desks in New York, London, and Asia-Pacific, you will analyze market data to forecast collateral needs, implement automation tools to streamline operations, and provide actionable insights to senior leadership. Your expertise will directly impact funding efficiency and risk exposure, helping J.P. Morgan maintain its leadership in investment banking and capital markets. This role demands a blend of technical proficiency and strategic thinking, set against the vibrant backdrop of Mumbai's financial hub. J.P. Morgan Chase fosters a culture of inclusion and professional growth, offering robust support for your development through mentorship, cutting-edge technology access, and exposure to diverse financial challenges. As part of our commitment to excellence, you will engage in continuous learning to stay ahead of evolving regulations like uncleared margin rules under EMIR and Dodd-Frank. Joining us means becoming part of a legacy of innovation that has shaped the financial world, with opportunities to advance your career while contributing to initiatives that matter globally.

Key Responsibilities

• Oversee daily margin call processes, ensuring accurate calculation and timely settlement of collateral for derivatives and repo transactions
• Manage collateral inventory, including optimization of asset allocation to minimize funding costs and maximize efficiency
• Conduct risk assessments on collateral exposures, identifying potential shortfalls and recommending mitigation strategies
• Collaborate with trading desks, operations, and compliance teams to ensure adherence to internal policies and regulatory standards
• Develop and implement enhancements to margin and collateral management systems to support J.P. Morgan's global operations
• Monitor market volatility and its impact on collateral requirements, providing real-time reporting to senior management
• Liaise with counterparties to negotiate margin terms and resolve disputes in a fast-paced trading environment
• Contribute to regulatory reporting and audits, maintaining documentation for J.P. Morgan's compliance framework
• Mentor junior team members and drive process improvements in the Mumbai operations center
• Analyze performance metrics to support strategic decisions in collateral management

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related field; advanced degree (MBA or Master's) preferred
• Minimum of 5-7 years of experience in margin management, collateral operations, or risk management within the financial services industry
• Strong understanding of derivatives, securities lending, and collateralized financing transactions
• Proficiency in regulatory requirements such as Dodd-Frank, EMIR, and Basel III related to margin and collateral
• Experience with collateral management systems like Murex, Calypso, or similar platforms
• Ability to analyze complex financial instruments and perform quantitative risk assessments
• Fluency in English; additional languages like Hindi or regional Indian languages are a plus

Preferred Qualifications

• CFA, FRM, or equivalent certification in finance or risk management
• Prior experience working in a global investment bank like J.P. Morgan Chase
• Knowledge of Indian financial regulations and SEBI guidelines
• Hands-on experience with automation and scripting for collateral optimization
• Proven track record in cross-functional collaboration in a high-pressure environment

Required Skills

• Expertise in margin methodologies (e.g., SIMM, ISDA agreements)
• Proficiency in Excel, VBA, and Python for financial modeling and automation
• Strong analytical skills for quantitative risk analysis and scenario modeling
• Knowledge of financial instruments including swaps, options, and fixed income securities
• Excellent communication skills for stakeholder engagement and reporting
• Attention to detail in high-volume, deadline-driven environments
• Problem-solving abilities to handle complex collateral disputes
• Team collaboration and leadership in multicultural teams
• Regulatory compliance acumen in global financial markets
• Data management skills using SQL or similar for collateral databases
• Adaptability to fast-changing market conditions
• Project management for system implementations
• Risk assessment and mitigation techniques
• Negotiation skills with external counterparties
• Time management in a 24/7 global operations context

Benefits

• Competitive base salary and performance-based annual bonuses aligned with J.P. Morgan's global compensation structure
• Comprehensive health insurance coverage including medical, dental, and vision for employees and dependents
• Retirement savings plan with employer matching contributions to support long-term financial security
• Generous paid time off, including vacation, sick leave, and parental leave policies
• Professional development opportunities through J.P. Morgan's internal training programs and tuition reimbursement
• Employee wellness programs featuring gym memberships, mental health support, and fitness challenges
• Flexible work arrangements, including hybrid options for work-life balance in Mumbai
• Stock purchase plan allowing participation in J.P. Morgan's equity growth

JP Morgan Chase is an equal opportunity employer.