Cash and Controls Associate II
JPMorganChase
As an Associate II in our Prime Brokerage team, you will have the opportunity to develop your skills while contributing to a collaborative group that values growth and learning, you will join us and be part of a company that supports your professional journey and offers exciting challenges. This is an excellent opportunity for a motivated professional seeking to make a difference in a supportive and dynamic environment. You’ll work alongside individuals with diverse skills and backgrounds, united to achieve common goals through excellence and creativity. The successful applicant will be required to successfully obtain their FINRA Series 99 certification within 12 months of their start date.
Job responsibilities
- Oversee the preparation and management of funding for managed demand deposit accounts (DDA’s), ensuring proper allocation of wires to client/funding accounts within the appropriate threshold.
- Conduct comprehensive reconciliation of ledgers using various systems and tools, identifying and addressing any discrepancies promptly.
- Collaborate with other lines of business to facilitate proper funding, ensuring seamless coordination and communication.
- Validate internal entries for processing and confirming instructions, applying a keen attention to detail and a thorough understanding of trade lifecycle processes.
- Lead and manage projects in partnership with various Operations Departments, leveraging your project management skills to meet goals and deliver results.
- Contribute to end-to-end process and operating model reviews, identifying areas for improvement and implementing effective solutions.
- Ensure proper controls are in place to mitigate financial risks, proactively identifying and addressing any gaps.
- Support strategic projects in partnership with Product, Tech, and Change partners, facilitating seamless change adoption with a key focus on strategic stack adoption.
- Know the front to back Operations process (including the key elements such as confirmations, settlements, regulatory reporting) and facilitate issue resolution across teams.
- 3+ years of experience in managing trade lifecycle processes, with a focus on cash movements and funding for managed demand deposit accounts.
- Demonstrated proficiency in using automation technologies to optimize trade lifecycle operations and implement process improvements.
- Advanced knowledge of market product definitions, operating procedures, and industry regulations, with the ability to apply this knowledge in day-to-day operations.
- Proven ability to manage projects effectively, with experience in leading cross-functional teams and delivering results within set timelines.
- Proficiency in data analysis and interpretation, with experience in using various systems and tools for ledger reconciliation and discrepancy resolution.
FINRA licensing: SIE + Series 99 (or willingness to obtain)
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Join JPMorganChase as a Trade Lifecycle Associate II to manage cash movements, funding, and drive process improvements across assets.