About the positions

J.P. Morgan is offering a unique opportunity for highly-motivated school, sixth-form and college leavers, to break into security services as part of the securities lending department. Previous experience is not required and training will be provided on the job. More can be found about the bank and department below, along with additional information about the opportunities available.

About J.P. Morgan Corporate & Investment Bank

J.P. Morgan operates in over 100 countries, offering capital raising, risk management and strategic advice to corporations, institutions and governments.

In January 2020, the J.P. Morgan Development Finance Institution was established seeking to expand JP Morgan’s sustainable financing activities, in line with the companies values of; environmental sustainability, wealth creation, community development, business growth and skill development.

At J.P. Morgan we pride ourselves on:

• Exceptional client service
• Operational Excellence
• A commitment to integrity fairness and responsibility
• A great team winning culture

J.P. Morgan have strived to create a diverse network through our Business resource groups. These include: Adelante, AsPIRE, BOLD, Access Ability, PRIDE, NextGen, VETS, Women on the move. More can be found at: https://www.jpmorganchase.com/about/people-culture/employee-programs

Employee benefits: Employee benefits; wellness plans, retirement programs, health care and insurance plans.

About Agency Securities Lending

• Agent Lending is a product line within Trading Services, CIB. Agent Lending provides securities lending services to institutional investors such as pension funds, mutual funds, sovereign wealth funds, insurance companies and central banks.
• Securities Lending is and asset management technique, which increases return on a portfolio. It involves temporary transfer of a security from the owner to the borrower, with both title & ownership transferred. Securities are held in custody at JPMorgan and other custodian banks. The transaction is collateralised (3) with cash or securities (non-cash) to value of securities lent, with an additional margin of 2-11%. At the end of the term, borrower returns the security and economic benefits return to lender (interest , corporate actions).
• JPMorgan provides risk management to assist clients in the management and mitigation of risk associated with lending securities. This is a competitive, dynamic and evolving industry with clients demanding high levels of customisation and service, including detailed reporting and performance analytics.

About Collateral Management

The Collateral Management team supports our global trading desks. The team is responsible for the oversight and settlement of Collateral trades, and managing intraday exposures generated from new lending activity.

The role requires the individual to have excellent communication skills in conjunction with an ability to multitask. This is due to the complexities of parties involved and the volume of accounts covered. Great time management skills and an ability to work well under pressure is needed in order to manage and complete the workload in time for the hard market deadlines.

Roles & Responsibilities:

• Processing and settling the daily collateral trades.
• Calculation of non-cash & cash collateral exposures, working closely with the borrower community to ensure collateral is delivered and correct margins are maintained.
• Marking of previously settled loans, to account for fluctuation in securities price, to ensure collateral is maintained to correct margins.
• Understanding cash flows and manual payment processing .
• Daily reconciliations and reporting intraday and end of day items.
• Cash break management.
• Work alongside the trade desks, triparty agents, treasury services and counterparties.
• Dealing with a high volume of queries relating to product understanding, settlement of collateral and general reconciliation breaks.
• Management of client relationships and liaising with relationship managers to maintain client expectations.

Opportunities/growth areas

• Problem solving skills.
• Collaborate with others to meet deadlines, cross train and expand understanding of the teams operations.
• Opportunities to learn Alteryx, Tableau, Xceptor.
• Time management skills alongside ability to effectively prioritise.
• Network with other departments to enhance product knowledge.
• Care and diligence.