The Stock Borrow Loan (SBL) desk is part of the Prime Finance Organization. SBL undertakes various trade structures ranging from short coverage, financing, conduit lending, dividend yield enhancement and the facilitation of longer-term non-standard structured deals. To support this, SBL borrows stock from counterparties based in various countries around the world and flows this stock through multiple legal entities onto the relevant risk entity.
The Stock Borrow Loan Middle office's main function is to facilitate and control the end to end life cycle of Equity Borrow / Loan activity in NA. Liaison with external counterparties & traders on a day-to-day basis. Regulatory reporting, client onboarding and collateral (cash and stock) management are the main functions of the team along with the control and clearance of all exceptions and cash flows that the trade lifecycle creates.
The SBL Middle Office, Trading Services Analyst role requires a wide variety of strengths and capabilities, including the ability to:
Perform daily collateral exposure management
Manage counterparty relationships
Support the daily requirements of the SBL Front Office
Liaison with clients, counterparties and traders to investigate & resolve any trade exceptions
Reconciliation & investigation of all key controls within the trade life-cycle.
Production of daily metrics in relation to key risk and performance indicators
Support the regulatory reporting requirements.
Support the new and incremental client onboarding agenda, working with KYC, Legal and Credit team.
Exception management updates to management
Operations, Middle Office or other relevant experience is preferred
Proficiency in excel
Well motivated and enthusiastic
Good communication skills and ability to develop good relationships with internal and external parties.
Highly numeric person with excellent attention to detail in all areas.
Ability to work in a pressurised environment, meeting tight deadlines on a daily basis
Ability to work as a team player
Strong Data analytics and accuracy
Demonstrate understanding of how operations interacts with relevant businesses
Ensure awareness of and compliance with relevant policies, controls, regulations and escalation protocol
Proactively identify areas for improving process quality, control, and productivity
Build working level awareness of digital ops tools leveraging the Firm's online and classroom training
Jpmorgan Chase & Co.