Collateral Management - Credit Portfolio Group - Associate

JP Morgan

Location: Greater London

Job Type: Full time


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

The Differential Discounting Desk (“DD”) is part of Collateral Management & Optimization (“CM&O”), which is responsible for management of collateralized derivatives for CIB Markets. 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.

We are looking for a talented Associate to join our Collateral Management, Credit Portfolio Group team in London.

DD manages Fair Value and other economic risks arising from derivatives collateral - including pricing client transactions, hedging portfolio risk and developing discounting infrastructure. The desk works closely with Rates and other lines of business, as well as numerous support teams and risk functions to optimize outcomes and ensure best practice.

Job responsibilities:

  • Pricing client transactions under Credit Support Annex (“CSA”) documentation
  • Structuring, negotiation and pricing new/amended CSAs, including direct client engagement
  • Development and support of pricing tools for DD and Sales/Structuring
  • Portfolio analysis and infrastructure governance to optimize economics, efficiency and control
  • Management of discounting framework change agenda, including support team liaison

Required qualifications, capabilities, and skills:

  • You demonstrate a fixed-income derivatives pricing experience
  • You bring 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 a strategic mindset, able to lead people and projects across functions to deliver results

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.

You’ve got this!