Cleared Margin Client Service and Treasury Operations Associate I

JPMorgan Chase & Co.•Chicago, IL

5d•Onsite

About The Position

Join a dynamic team at J.P. Morgan, where you’ll play a key role in supporting global clients and optimizing margin and treasury operations in Futures & Derivatives Clearing – Global Equity Operations. Make an impact by driving process improvements and collaborating across international teams. As a Cleared Margin Client Service and Treasury Operations Associate I in Global Equity Operations team, you will manage range of tasks including settling margin values (Cash, Securities, Letters of Credit) with clients, cash funding, global non-cash collateral settlements, Foreign Exchange (FX) trade processing, reconciliation and break resolution, settling margin obligations at Central Counterparties and owning the full life cycle of the underlying securities trades of expired options and futures. You will work closely with global teams, ensuring timely settlements and maintaining a controlled environment that supports business growth and regulatory compliance for Futures & Options and Over-The-Counter (OTC) Cleared Derivatives.

Requirements

Previous Operations experience of Futures and Options (Cleared & Over-The-Counter (OTC)) or similar background.
Working knowledge of client service, cash funding, global settlements & reconciliations.
Strong problem-solving & strategic thinking and should be able to develop solutions for clients and drive process improvements.
Should possess high accuracy & attention to detail, maintain precision and highly numerate, with strong proficiency in Excel and core systems.
Must possess strong communication skills, as the role involves detailed interactions across multiple lines of business and core processing areas.
Should be able to work methodically, adhering to strict deadlines and perform well under pressure.
Ability to proactively identify risks and confidently challenge stakeholders when controls may be compromised.
Should collaborate efficiently, support team goals, and foster a positive team environment.
Eager to learn, asks the right questions, and adapts to new challenges.
Take responsibility for mistakes, shares lessons learned, and embrace feedback for growth.
Strong analytical abilities and enthusiasm for digital automation tools.

Nice To Haves

Experience with global margin settlements and multi-currency operations.
Familiarity with regulatory reporting and compliance requirements.
Exposure to process improvement and strategic project initiatives.
Ability to manage complex change requests within derivatives operations.
Experience supporting audit and operational investigations.
Knowledge of digital automation tools such as Alteryx.
Experience working with global teams across multiple locations.

Responsibilities

Manage and optimize client collateral while monitoring its movement.
Respond to incoming margin settlement requests from clients, compare them to JP Morgan's exposure, and agree on the amount and type of asset to be moved.
Drive continued development of the Clearing Client Service offering.
Ensure timely settlement of trades with exchanges and clients; follow up promptly on any failed settlements.
Fund exchange cash accounts accurately and process client Foreign Exchange (FX) transactions.
Prevent client payments from resulting in deficits and follow up on counterparty issues.
Maintain a controlled environment by adhering to and updating operational procedures.
Report significant issues to management, respond quickly to internal inquiries, support reconciliations, resolve discrepancies, and assist with reporting and root cause analysis.
Handle ad hoc management requests, operational investigations, and audit requirements.
Review processes regularly, suggest improvements, implement enhancements, participate in strategic Straight-Through Processing (STP) initiatives, and manage complex change requests.
Ensure full compliance with all control and educational requirements.

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.

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