This Abend vanishes when you apply IBM's PTF OA54317 available here: http://www-01.ibm.com/support/docview.wss?uid=isg1OA54317
A circumvention is to use Product Region JCL Parameter XM=TASK instead of XM=ZIIP.
UPDATE: This IBM fix does not completely correct the problem.
It will result in a S0C3 abend. Please see KB000091959 for additional Netmaster and IBM fixes to fully correct the problem.