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JM
JP Morgan Chase Company
Trade Lifecycle Manager - Prime Brokerage Margin
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Based on New Jersey data
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What they do
A Brokerage Clerk works on behalf of clients at a stock exchange. Delivers orders to securities brokers, checks final orders and keeps a record of transactions; delivers securities, distributes dividends and provides tax calculations for clients.
$91,244 / year median in New Jersey
-6% projected decline
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