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Chase · 1 day ago

Prime Brokerage Margin-Client Service Operations Associate

575 Washington Blvd, Jersey City, NJ, 07310, US

Full-time

Onsite

New Grad, Entry Level

$74K/yr - $100K/yr

JPMorgan Chase is one of the oldest financial institutions, offering innovative financial solutions to a diverse clientele. The Prime Brokerage Margin-Client Service Operations Associate will manage operations related to the pre- and post-trading life cycle, ensuring accurate cash movements and providing exceptional client service.

BankingFinancial Services

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

Continued 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

Qualification

Broker Dealer OperationsExcel ProficiencySeries 99 LicenseSIE LicenseClient ServiceCash FundingAnalytical AbilitiesRegulatory KnowledgeProblem-SolvingCommunication SkillsAttention to DetailTeam Collaboration

Required

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

Preferred

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