Cash and Controls Associate II

JPMorgan Chase & Co. • Newark, DE

8d

About The Position

Join our team where you'll play a crucial role in ensuring accurate and
efficient trade processing across all asset classes. Your advanced analytical
skills and trade lifecycle expertise will be vital in solving complex problems,
making impactful decisions, and ensuring compliance with industry standards.

As an Associate II in our Prime Brokerage team, you will have the opportunity to
develop your skills while contributing to a collaborative group that values
growth and learning, you will join us and be part of a company that supports
your professional journey and offers exciting challenges. This is an excellent
opportunity for a motivated professional seeking to make a difference in a
supportive and dynamic environment. You’ll work alongside individuals with
diverse skills and backgrounds, united to achieve common goals through
excellence and creativity. The successful applicant will be required to
successfully obtain their FINRA Series 99 certification within 12 months of
their start date.

Requirements

• 3+ years of experience in managing trade lifecycle processes, with a focus on cash movements and funding for managed demand deposit accounts.
• Demonstrated proficiency in using automation technologies to optimize trade lifecycle operations and implement process improvements.
• Advanced knowledge of market product definitions, operating procedures, and industry regulations, with the ability to apply this knowledge in day-to-day operations.
• Proven ability to manage projects effectively, with experience in leading cross-functional teams and delivering results within set timelines.
• Proficiency in data analysis and interpretation, with experience in using various systems and tools for ledger reconciliation and discrepancy resolution.
• FINRA licensing: SIE + Series 99 (or willingness to obtain)

Responsibilities

• Oversee the preparation and management of funding for managed demand deposit accounts (DDA’s), ensuring proper allocation of wires to client/funding accounts within the appropriate threshold.
• Conduct comprehensive reconciliation of ledgers using various systems and tools, identifying and addressing any discrepancies promptly.
• Collaborate with other lines of business to facilitate proper funding, ensuring seamless coordination and communication.
• Validate internal entries for processing and confirming instructions, applying a keen attention to detail and a thorough understanding of trade lifecycle processes.
• Lead and manage projects in partnership with various Operations Departments, leveraging your project management skills to meet goals and deliver results.
• Contribute to end-to-end process and operating model reviews, identifying areas for improvement and implementing effective solutions.
• Ensure proper controls are in place to mitigate financial risks, proactively identifying and addressing any gaps.
• Support strategic projects in partnership with Product, Tech, and Change partners, facilitating seamless change adoption with a key focus on strategic stack adoption.
• Know the front to back Operations process (including the key elements such as confirmations, settlements, regulatory reporting) and facilitate issue resolution across teams.

Benefits

• We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions.
• We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.
• Additional details about total compensation and benefits will be provided during the hiring process.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees