JP Morgan Chase & Co.

Trade Lifecycle Manager - Prime Brokerage Margin

JP Morgan Chase & Co. • $90K — $110K *
Jersey City, NJ 07310In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Broker Dealer Operations experience or similar background.
  • Working knowledge of client service, cash funding, global settlements & exception remediation.
  • Strong problem-solving and strategic thinking skills for developing client solutions.
  • High accuracy and attention to detail with strong proficiency in Excel.
  • Effective communication skills for interactions across various business lines.
  • Ability to work methodically under pressure while meeting strict deadlines.
  • Capacity to proactively identify risks and challenge stakeholders as needed.
  • Enthusiasm for digital automation tools and strong analytical abilities.
  • Series 99 license required within 180 days of starting.

Responsibilities

  • Manage and optimize client collateral while monitoring its movement.
  • Address incoming margin settlement requests and reconcile with JPMorgan's exposure.
  • Develop the Prime Brokerage Margin Service offering continuously.
  • Prevent client payments from resulting in deficits and follow up on issues with counterparties.
  • Uphold controlled environments by adhering to and updating operational procedures.
  • Report significant issues to management and respond swiftly to internal inquiries.
  • Support reconciliations and assist with reporting and root cause analysis.
  • Participate in strategic STP initiatives and manage complex change requests.
  • Regularly review processes for improvements and implement enhancements.
  • Ensure compliance with all operational controls and educational requirements.

Benefits

  • Exposure to a prominent role at a leading financial institution.
  • Opportunities for professional development and growth within a collaborative environment.
  • Engagement with high-profile clients in the Prime Brokerage and Hedge Fund sectors.
  • Chance to participate in strategic initiatives and influence process improvements.
  • Dynamic work environment that values attention to detail and precision.
Full Job Description
JOB DESCRIPTION
Embark on your journey as a Trade Lifecycle Manager I where you'll be at the forefront of managing the pre- and post-trading life cycle across all asset classes. Your role will be crucial in ensuring accurate cash movements and proper funding coordination, leveraging your expertise to drive process improvements and ensure project success.

As a Trade Lifecycle Manager - Prime Brokerage Margin 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.      

Job 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.

Required qualifications, capabilities, and skills

  • 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 license required to be obtained within 180 days of starting in role.

 

Preferred qualifications, capabilities, and skills

  • 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.

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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