Margin & Collateral Associate

Fairygodboss; Mumbai; On-site; INR 2,200,000 - 3,600,000; Full time

Job summary

JPMorgan Chase in Mumbai seeks a Collateral Operations Associate within Derivative Operations to support margin, collateral, and regulatory compliance across global teams. You will drive automation projects and partner with back/back-office and technology groups to improve processes.

The role requires significant experience in derivatives operations and a strong ability to manage disputes, run daily exchanges, and implement strategic controls.

Qualifications

• CA or MBA with 6+ years operations experience, or graduate/post-graduate with 8+ years.
• Familiarity with a global bank's processes and external reporting.
• Strong investment banking knowledge including OTC products, processes, and systems.
• Strategic thinking to address day-to-day issues while planning initiatives.
• Hands-on approach to drive results.
• Clear written and verbal communication with stakeholders at all levels.
• Proficient in Microsoft Office: Outlook, PowerPoint, Excel, Word, Access, Project.
• Ability to prioritize in a dynamic environment with tight deadlines.

Responsibilities

• Resolve collateral disputes.
• Execute daily margin exchange, same-day settlement, and exception management.
• Apply supervisory controls for collateral exposure.
• Oversee mark-to-market breaks with data quality and strategic initiatives with middle office and risk teams.
• Diagnose upstream drivers and reduce breaks through remediation.
• Lead regulatory compliance activities across CFTC, EMIR, and NCMR requirements.
• Strengthen process controls and ensure compliant execution per regulatory rules.
• Coordinate new analysis requirements and brief senior management on BAU and projects.
• Direct user acceptance testing activities.
• Deliver strategic automation initiatives.

Skills

Collateral management

Risk controls

Stakeholder management

Process improvement

Communication

Education

CA

MBA

Tools

Outlook

PowerPoint

Excel

Word

Access

Project

Job description

Make your mark supporting high-impact derivatives operations work with strong career growth, mobility, and exposure to automation and process improvement.

As a Collateral Operations Associate within Derivative Operations in Commercial Investment Banking, you support key derivatives product areas including foreign exchange, over-the-counter derivatives, collateral, cleared derivatives, agency collateral, billing, and CASS. You manage margin call activities, collateral dispute handling, and regulatory adherence while partnering across back office, middle office, and global teams. You help build a culture of continuous improvement by supporting metrics, projects, and strategic automation initiatives across operations and technology stakeholders.

Job Responsibilities:

• Resolve collateral disputes.
• Execute daily margin exchange, same-day settlement, and exception management.
• Apply supervisory controls for collateral exposure.
• Oversee mark-to-market breaks, including data quality activities and strategic initiatives in partnership with middle office, credit risk, and other stakeholders.
• Diagnose upstream drivers and reduce breaks through targeted remediation.
• Lead regulatory compliance activities across Commodity Futures Trading Commission, European Market Infrastructure Regulation, and NCMR requirements.
• Strengthen process controls and ensure accurate, compliant execution aligned to regulatory rules.
• Coordinate new analysis requirements across stakeholders and provide regular updates to senior management on business-as-usual work and projects.
• Direct user acceptance testing activities.
• Deliver strategic automation initiatives.

Required qualifications, skills, and capabilities:

• Hold a Chartered Accountant or Master of Business Administration qualification with 6+ years of operations experience, or a graduate/post-graduate degree with 8+ years of operations experience.
• Demonstrate familiarity with a global bank's processes and operational environment, including management and external reporting.
• Exhibit strong investment banking business knowledge, including over-the-counter products, processes, and systems.
• Apply strategic thinking to address day-to-day issues while planning and executing initiatives aligned to operations goals.
• Drive results through a hands-on approach.
• Communicate clearly in writing and verbally with business and technology stakeholders at all levels.
• Use Microsoft Office applications including Outlook, PowerPoint, Excel, Word, Access, and Project.
• Prioritize work effectively in a dynamic environment with tight deadlines.

Preferred qualifications, skills, and capabilities:

• Demonstrate knowledge of Commodity Futures Trading Commission, European Market Infrastructure Regulation, and NCMR regulations.
• Show experience with over-the-counter confirmations, collateral management, and reconciliation platforms.
• Developing experience using AI-powered analytics, workflow automation, or intelligent process tools to drive efficiency gains, reduce manual effort, or improve accuracy in operational processes.

ABOUT US

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

ABOUT THE TEAM

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.