Chase ยท 4 hours ago
Cleared Margin Client Service and Treasury Operations Associate II
10 S Dearborn St, Chicago, IL, 60603, US
Full-time
Onsite
Mid Level
$75K/yr - $107K/yrJ.P. Morgan is a leading financial institution, and they are seeking a Cleared Margin Client Service and Treasury Operations Associate II to support global clients and optimize margin and treasury operations. The role involves managing tasks related to margin settlements, cash funding, and ensuring compliance with operational procedures while collaborating with international teams.
BankingFinancial Services
No H1B
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
Qualification
Required
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
Preferred
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
Benefits
Comprehensive health care coverage
On-site health and wellness centers
A retirement savings plan
Backup childcare
Tuition reimbursement
Mental health support
Financial coaching
Company
Chase
Chase provides broad range of financial services. It is a sub-organization of JP Morgan Chase.
Founded in 2000
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Mike McDonnell
Managing Director, Head of Chase Travel Platform Product
Nicole Sanchez
Managing Director, Consumer Bank, GM and Product Executive, Growth Financial Products
Recent News
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