Prime Brokerage Cash & Controls - Associate

JPMorgan Chase & Co.; Bournemouth; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial services firm in the UK is seeking an Associate for their Prime Brokerage team. This role involves processing payments, applying payment controls, and investigating reconciliations. Candidates should have experience with automation technologies and knowledge of market products. The position offers an opportunity for professional growth in a dynamic environment, with a requirement to obtain FINRA Series 99 certification within 12 months. Competitive salary and benefits are included.

Qualifications

• Experience using automation technologies to optimize systems and processes.
• Knowledge of market products, operating procedures, and relevant industry regulations.
• Strong time management and ability to deliver under pressure.
• Willingness to obtain FINRA licensing: SIE + Series 99.

Responsibilities

• Process payments and review incoming cash wires for clients.
• Apply and monitor payment controls, ensuring adherence to standards.
• Investigate and resolve cash and control breaks.
• Liaise with partners to resolve reconciliation issues.

Skills

Automation technologies

Market products knowledge

Proactive problem solving

Time management

Data analysis skills

Presentation skills

Job description

Responsibilities

• Process payments and review incoming cash wires for institutional and retail clients
• Apply and monitor payment controls, ensuring adherence to standards
• Investigate and resolve cash and control breaks
• Liaise with global partners and stakeholders to resolve reconciliation issues
• Perform and help design key controls across the trade lifecycle process
• Analyze and identify opportunities to increase STP (Straight Through Processing)
• Support the development and revision of company and department policies and procedures
• Ensure timely completion of work items
• Prepare and analyze metrics

Are you ready to elevate your career in a fast‑paced, innovative environment? The Prime Brokerage department provides packaged services to hedge funds and professional investors, enabling them to finance their investment activities through a bespoke range of products tailored to their needs. Our services include Global Custody, Securities Lending, Financing, and Margin Solutions.

As an Associate 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’ll 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.

Qualifications

• Experience using automation technologies to optimize systems and processes
• Knowledge of market products, operating procedures, and relevant industry regulations
• Proactive approach to problem solving and ownership of issues
• Strong time management and ability to deliver under pressure
• FINRA licensing: SIE + Series 99 (or willingness to obtain)
• Data analysis skills and ability to communicate insights effectively
• Ability to create and deliver presentations to management and stakeholders

Preferred Qualifications, Capabilities, and Skills

• Experience in financial services, especially Corporate Banking
• Payments understanding and background
• Experience within Prime Brokerage, Securities Settlements, or Asset Servicing
• Reconciliation experience
• Analytical skills

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first‑class business in a first‑class way approach to serving clients drives everything we do. We strive to build trusted, long‑term partnerships to help our clients achieve their business objectives.

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.