Prime Brokerage Margin-Client Service Operations Associate

JPMorganChase•Jersey City, NJ

About The Position

As a Prime Brokerage Margin-Client Service Operations Associate within JPMorgan Chase, you will play a pivotal role in managing the operations of the pre- and post-trading life cycle across all asset classes. Your expertise in trade lifecycle management will be crucial in ensuring all trades are processed on respective platforms, and in coordinating cash movements in and out of client accounts. You will be responsible for day-to-day operational functions including (1) firm and regulatory risk monitoring, (2) review and approval of collateral movements and (3) maintaining equity levels on margin loans. These functions are inclusive of providing first class client service to our Client Service Rep team that deal directly with our Prime Brokerage/Hedge Fund clients.

Requirements

Broker Dealer Operations experience of or similar background.
Working knowledge of client service, cash funding, global settlements & exception remediation.
Strong problem-solving & strategic thinking and should be able to develop solutions for clients and drive process improvements.
Possess high accuracy & attention to detail, maintain precision and highly numerate, with strong proficiency in Excel and core systems.
Possess strong communication skills, as the role involves detailed interactions across multiple lines of business and core processing areas.
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.
Collaborate efficiently, support team goals, and foster a positive team environment.
Take responsibility for mistakes, shares lessons learned and embrace feedback for growth.
Strong analytical abilities and enthusiasm for digital automation tools.
Series 99 and SIE licenses required to be obtained within 6 months of starting in role.

Nice To Haves

Knowledge of Reg T, FINRA Rule 4210, SEC Rule 15c3-1 and SEC Rule 11d1 is highly preferred, with the ability to apply these regulations to ensure compliance in trade lifecycle management and margin requirements.

Responsibilities

Manage and optimize client collateral and monitor its movement.
Answering of incoming margin settlement requests sent by clients, comparing them to JPMorgan's exposure and agreeing on the amount and type of asset to be moved.
Continue development of the Prime Brokerage Margin Service offering.
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 and 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.
Regularly review processes, suggest improvements, and implement enhancements.
Participate in strategic STP initiatives and manage complex change requests.
Ensure full compliance with all control and educational requirements.