Margin & Collateral Manager III
About The Position
As a Vice President within the Futures and Derivatives Clearing Client Margins team at JPMorganChase, the Margin & Collateral Manager III provides strategic and operational oversight for a team that serves as the daily contact for clients regarding their margin obligations. The role champions payment controls, ensures adherence to regulatory and internal standards, and drives continuous improvement in team processes. It works with internal partners to enhance the client experience and support operational transformation. Success requires ownership, critical assessment and resolution of issues, development of team capabilities aligned with business priorities and firm-wide objectives, product knowledge, and a strong focus on payment controls. The role is full time in the office, Monday through Friday between 8:00 a.m. and 5:00 p.m., and is based in Chicago, Illinois. Training is required as scheduled, and training hours may not coincide with regularly scheduled hours. The position does not offer relocation assistance or immigration sponsorship.
Requirements
- Deep understanding of the Derivatives Clearing business and the end-to-end lifecycle of Futures and Cleared OTC Swaps products.
- Proven experience in team oversight, developing talent, and fostering a culture of accountability.
- Strong communication skills and ability to build relationships with external clients and internal stakeholders, including Sales, Controls, Technology, and Operations.
- Demonstrated control mindset, including identifying process gaps, prioritizing, and mitigating operational risk, especially in payment controls.
- Excellent problem-solving skills and ability to address operational and technical issues with sound judgment.
- Ability to prioritize, drive results, and influence team members in a cross-functional, diverse environment.
- Strong organizational skills and attention to detail, with ability to multitask and deliver against tight deadlines.
- Commitment to self-development and continuous learning.
- Ability to synthesize complex information for various audiences.
- Series 99 license, or ability to obtain it within 180 days of hire.
Nice To Haves
- Working knowledge of, or strong desire to learn, data visualization and analytics tools such as Tableau, Alteryx, and LLMs.
Responsibilities
- Lead and oversee a team serving as the primary escalation point for clients settling margin requirements.
- Champion payment controls through rigorous oversight and continuous process improvement.
- Ensure margin requirements are met in accordance with margin regulations, client priorities, and internal risk policies.
- Resolve complex issues related to SWIFT formatting, cash and securities settlement instructions (SSIs), and securities settlements across global markets.
- Build and leverage relationships across Sales/RM, Compliance, Technology, and Operations to drive solutions.
- Analyze client behavior, margin balances, and exceptions to identify opportunities for improvement.
- Implement solutions to enhance the client experience, drive capacity gains and efficiency, and strengthen controls.
- Lead and participate in cross-functional initiatives involving regulatory matters, strategic/platform work, exchange/product onboarding, and client experience to improve service offerings.
- Monitor industry developments in cleared derivatives and communicate relevant insights to management and the team.
- Promote continuous learning and product expertise within the team.
Benefits
- Competitive total rewards package, including base salary determined by role, experience, skill set, and location.
- Eligible roles may receive commission-based pay and/or discretionary incentive compensation in the form of cash and/or forfeitable equity.
- Comprehensive health care coverage.
- On-site health and wellness centers.
- Retirement savings plan.
- Backup childcare.
- Tuition reimbursement.
- Mental health support.
- Financial coaching.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
