CIB_Trading Services Manager III_Vice President

Job Description

JOB TITLE: IB Risk Trade Support Manager Vice President BUSINESS UNIT: Derivatives Middle Office Ops JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking; financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients.The creation of the India Middle Office Footprint is a unique and significant step forward in JPM s advanced Location Strategy and presence in India. The India MO is an extension of the primary location MO s. The India MO is an integral part of the overall support to the Front Office. BUSINESS UNIT OVERVIEW Credit Portfolio Group (CPG) is one of the key sub-groups within IB Risk and is mandated to actively manage the Investment Banks retained credit exposures resulting from traditional lending and derivatives activities. Specifically, CPG is responsible for developing and executing strategies with the primary goals of reducing credit risk concentration and losses from credit events, as well as aiming to increase the capacity for future business. One element of these responsibilities is to manage the market risk of derivatives counterparty exposure. This entails risk position analysis for a number of separate markets and executing a coherent strategy across them.Differential Discounting (DD) allows JPM trading infrastructure to price and risk manage financing costs in a manner that is consistent with various funding treatments specified by JPM s counterparty specific collateral arrangement. This major initiative went live November 2011. The DD (formerly DCU, Differential Discounting Utility) function was created as a result of this program and as part of CPG provides risk management for the C&IB along with CIO & Treasury. It also provides CSA spreads and CSA related trade to discount curve mappings RESPONSIBILIITES
• Responsible for tracking remap negotiations; this includes but is not limited to managing the expected demand NMCR (non-cleared margin).
• Making sure the team is organized and can accurately track and control newly signed and amended CSAs.
• Production team in Mumbai responsible for CSA discount curve mappings for each Line Of Business including:
• Daily process to translate CSA information into Discount curves and FCFs.
• Key controls over changes in CSA data, curve overrides
• Key controls on data quality of data used in the CSA Discount curve mapping process
• Face off to multiple asset classes and be able to co-ordinate a global strategy effectively and efficiently.
• Accurately capture the impact of a change to a CSA from a PnL and Risk point of view across multiple asset classes and businesses.
• Gather business requirements, perform detailed analysis, and produce associated functional specifications where required.
• Partner with Operations, Technology and Front Office groups globally within JPM to define and implement new requirements
• Risk mitigation, ensure the risk in JP Morgan s outstanding portfolio of trades is effectively mitigated and controlled through various control & risk mitigation processes and function.
• Close interactions with senior experts from various different teams and regions including global Middle offices, Technology and Compliance to resolve outstanding issues. This role will involve a large amount of facilitation and negotiation.
• Actively work with the global team and management to achieve both industry and internal targets.
SKILL / EXPERIENCE MANDATORY 1) Strong numerical, analytical, technical and problem solving skills. 2) The role global in nature therefore will require strong communication skills and the candidate should be highly articulate in the English language. 3) Attention to detail. Demonstrates willingness to deep dive into an issue or problem to establish and address root cause. 4) Drive and motivation: successfully handles and prioritizes multiple tasks, takes initiative and leads to improve own and team s performance, works intensely towards extremely challenging goals and persists in the face of obstacles. 5) Strong team player- effectively collaborates with others both locally and globally. 7) Creativity/Innovation- leads by example to challenge status quo and looks for new ways to improve current processes and procedures. Develop creative solutions that are grounded in reality and have practical value. ,

Keyskills :
environmental impact assessmentstrong communication skillsltdcost controldeliveryproject management