JP Morgan Chase & Co.

Margin&Collateral Associate I

JP Morgan Chase & Co. • $70K — $95K *
Chicago, IL 60603In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • BA/BS degree required
  • 5+ years experience in futures and/or derivatives with a broker or market participant
  • Understanding of FCM regulations including CFTC and Dodd-Frank
  • Knowledge of accounting and finance principles
  • Strong interpersonal skills for building departmental relationships
  • Highly organized and detail-oriented
  • Excellent verbal and written communication skills

Responsibilities

  • Assist the CFTC Client Money Officer in updating US Client Money Policies
  • Prepare daily client money calculations per CFTC and regulatory rules
  • Review business processes for FCM regulatory compliance
  • Conduct compliance reviews and risk assessments to identify vulnerabilities
  • Develop corrective measures for compliance issues

Benefits

  • Opportunity to work in a collaborative and complex environment
  • Engage with multiple departments and functions
  • Gain exposure to regulatory compliance tasks
  • Participate in ongoing process improvement efforts
  • Career development opportunities within a global financial institution
Full Job Description
JOB DESCRIPTION

J.P. Morgan’s Global Client Money Team seeking a highly motivated individual to join the North America Client Money team responsible for Futures & Options and OTC Clearing business. 

As a Margin&Collateral Associate within the North America Client Money team, you will help support daily Commodity Futures Trading Commission (CFTC) regulatory filings, provide regulatory guidance and support to various teams within the FCM (Futures Commission Merchant)  including sales, trading, marketing, operations finance, control, technology, risk, onboarding, and treasury and business management on manners relating to the treatment, reporting and recordkeeping requirements around client funds. In addition, you will be part of the ongoing review of processes and procedures concerning client funds to identify gaps in such processes and procedures and develop remedial action to close any identified gaps.

Job responsibilities

  • Assist Americas Commodity Futures Trading Commission (CFTC) Client Money Officer in revising, updating, and maintaining US Client Money Policies and Procedures concerning the treatment, reporting and record keeping relating to funds belonging to U.S. and foreign futures and options customers as well as cleared OTC customers.
  • Formulate daily preparation of client money calculations prepared in accordance with CFTC and self-regulatory organization rules and regulations.
  • Review business processes and new initiatives to ensure that JPMS LLC (a Futures Commission Merchant (FCM) ) comply’ s with regulatory requirements.
  • Perform compliance reviews and risk assessments, identify potential areas of compliance vulnerability and risk, develop and implement corrective measures, and provide guidance on how to avoid or deal with similar situations in the future.

Required qualifications, capabilities, and skills

  • College degree required (BA/BS)
  • 5+ years of relevant futures and/or derivatives experience with a futures commission merchant, regulator, investment bank, broker, or market participant.
  • Working understanding of basic rules, regulations, and interpretations pertaining to a FCM including CFTC, NFA, exchanges, clearinghouses, and Dodd-Frank.
  • Knowledge of basic accounting/finance principles
  • Strong interpersonal and influencing skills with the ability to establish credibility and strong partnerships with business partners with experience building and maintaining key relationships across departments and functions, and encouraging a culture of engagement.
  • Highly organized, detail-oriented, and energetic individual with proven ability to communicate effectively at all levels both orally and in writing.
  • Capable of operating comfortably within a complex organizational structure.
  • Excellent business judgment and problem-solving skills.
  • A self-starter with the aptitude to initiate action, adapt to change, make difficult decisions, and accept challenging assignments.

  • Work effectively both in a team environment and independently. 

     

     

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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