Prime Brokerage Cash & Controls - Associate

J.P. Morgan; Bournemouth; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading global financial services firm is seeking an Associate for their Prime Brokerage team in Bournemouth. This role provides an excellent opportunity to optimize processes, handle payments for institutional clients, and ensure adherence to industry regulations. The ideal candidate will possess strong analytical skills, time management abilities, and a proactive mindset. You will work collaboratively in a dynamic environment while preparing essential metrics and presentations for stakeholders.

Qualifications

• Experience with automation technologies to optimize systems.
• Knowledge of operating procedures and industry regulations.
• Strong time management and delivery under pressure.

Responsibilities

• Process payments and review cash wires for clients.
• Monitor payment controls to ensure standards are met.
• Investigate and resolve cash and control breaks.
• Liaise with stakeholders to resolve reconciliation issues.
• Design key controls across the trade lifecycle.
• Analyze opportunities to increase STP.

Skills

Automation technologies usage

Knowledge of market products

Proactive problem solving

Time management

Data analysis

Presentation skills

Education

FINRA licensing: SIE + Series 99

Job description

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 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

• 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

Required qualifications, capabilities, and skills

• 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