If you are passionate, curious, and ready to make an impact, we are looking for you.

The Global Collateral Trading desk is one of 3 teams in Collateral Management & Optimization (“CM&O”) along with DD Trading and Margin Strategy. CM&O has a reporting line into Rates but sits within the wider Credit Portfolio Group (“CPG”) which also performs XVA risk management and pricing functions for the firm.

The desk is responsible for bearing and optimizing the funding costs arising from JPM’s derivative collateral exposures, bearing ultimate responsibility for sourcing cash/non-cash collateral to meet Initial Margin (“IM”) and Variation Margin (“VM”) requirements. The desk works closely with the rest of Rates and Fixed Income Financing (“FIF”), among other front office teams, as well as numerous support teams which are key in solving for the management of physical collateral.

The role, based in London, includes structured training and development to further their career within CPG and the firm.

Job responsibilities:

• Trade execution in securities financing and interest rate derivatives products
• Idea generation to solve for liquidity, funding, balance sheet, and capital constraints
• Management of market risks arising from the sourcing of collateral to meet margin requirements
• Maintenance of optimization program and oversight of collateral posted vs. substitution options
• Negotiation and advice on funding value of collateral including in CSA negotiations
• Maintenance and development of key internal relationships including Rates, FIF, S&M, CIB Treasury, XVA Trading, QR, Technology, and Operations
• Regulatory margin compliance, including regulator relationship, and keeping up to date with future regulatory changes
• Management of change agenda including in support teams

Required qualifications, capabilities, and skills:

• You have a good understanding of fixed-income and derivatives pricing
• You demonstrate an excellent technical and/or quantitative skills; strong excel and data manipulation skills; ability to formulate and present views
• You show an interest and curiosity in financial markets, particularly funding and rates markets
• You have ability to make sound judgements/multi-task within time constraints
• You have familiarity with physical collateral operational lifecycles and their constraints
• You have a strategic mindset, able to lead people and projects across functions to deliver results
• You demonstrate a working knowledge of rates and/or bonds processes/applications

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.