Margin & Collateral Manager III

JPMorganChase; Chicago (IL); On-site; USD 180,000 - 270,000; Full time

Job summary

JPMorganChase in Chicago, IL seeks a Vice President Margin & Collateral Manager III to provide strategic and operational oversight for the Futures and Derivatives Clearing Client Margins team. You will champion payment controls, drive continuous improvements, and ensure margin obligations are met in line with regulations and risk policies.

The role demands strong ownership, issue resolution, and collaboration with Sales, Compliance, Technology and Operations to develop team capabilities aligned

Qualifications

• Deep understanding of derivatives clearing lifecycle.
• Proven track record in leading teams and developing talent.
• Strong communication with clients and internal stakeholders.
• Ability to identify process gaps and mitigate operational risk.
• Problem-solving skills for complex operational/tech issues.
• Ability to prioritize and influence in a cross-functional environment.
• Attention to detail and multi-tasking under deadlines.
• Commitment to self-development and continuous learning.
• Ability to synthesize complex information for diverse audiences.
• Series 99 or ability to obtain within 180 days of hire.

Responsibilities

• Lead and oversee a team serving as the primary escalation point for clients settling margin requirements
• Champion payment controls, ensuring rigorous oversight and continuous process improvement
• Ensure all margin requirements are met in accordance with margin regulations, client priorities, and internal risk policies
• Resolve complex issues related to SWIFT formatting, cash and securities settlement instructions (SSIs), and securities settlements across global markets
• Build and leverage relationships across Sales/RM, Compliance, Technology, and Operations to drive solutions
• Analyze client behavior, margin balances, and exceptions to identify opportunities for improvement
• Implement solutions to enhance client experience, drive capacity gains, efficiency, and strengthen controls
• Lead and participate in cross-functional initiatives to improve service offerings
• Monitor industry developments in cleared derivatives and communicate relevant insights to management and the team
• Promote a culture of continuous learning and product expertise within the team

Skills

Derivatives clearing

Team leadership

Regulatory compliance

Stakeholder management

SWIFT/SSIs knowledge

Job description

Job Description

As a Vice President within the Futures and Derivatives Clearing Client Margins team, you will provide strategic and operational oversight for a team that serves as the daily contact for clients regarding their margin obligations.

As a Margin & Collateral Manager III within JPMorganChase, you will champion payment controls, ensure adherence to regulatory and internal standards, and drive continuous improvement in team processes. Collaboration with internal partners is key to enhancing the client experience and supporting operational transformation. This position requires a strong ownership mindset, the ability to critically assess and resolve issues, and a commitment to developing team capabilities in line with business priorities and Firm-wide objectives. Product knowledge and a keen focus on payment controls are essential for success in this role.

Job Responsibilities

• Lead and oversee a team serving as the primary escalation point for clients settling margin requirements
• Champion payment controls, ensuring rigorous oversight and continuous process improvement
• Ensure all margin requirements are met in accordance with margin regulations, client priorities, and internal risk policies
• Resolve complex issues related to SWIFT formatting, cash and securities settlement instructions (SSIs), and securities settlements across global markets
• Build and leverage relationships across Sales/RM, Compliance, Technology, and Operations to drive solutions
• Analyze client behavior, margin balances, and exceptions to identify opportunities for improvement
• Implement solutions to enhance client experience, drive capacity gains, efficiency, and strengthen controls
• Lead and participate in cross-functional initiatives (Regulatory, Strategic/Platform, Exchange/Product onboarding, client experience) to improve service offerings
• Monitor industry developments in cleared derivatives and communicate relevant insights to management and the team
• Promote a culture of continuous learning and product expertise within the team

Required Qualifications, Capabilities And Skills

• Deep understanding of Derivatives Clearing business and the end-to-end lifecycle of Futures and Cleared OTC Swaps products
• Proven experience in team oversight, with a focus on developing talent and fostering a culture of accountability
• Strong communication skills and ability to build relationships with external clients and internal stakeholders, including Sales, Controls, Technology, and Operations
• Demonstrated control mindset to identify process gaps, prioritize, and mitigate operational risk, especially in payment controls
• Excellent problem-solving skills and ability to address operational and technical issues with sound judgment
• Ability to prioritize, drive results, and influence team members in a cross-functional, diverse environment
• Strong organizational skills and attention to detail with ability to multi-task and deliver against tight deadlines
• Commitment to self-development and continuous learning
• Ability to synthesize complex information for various audiences
• Series 99 or ability to obtain within 180 days of hire

Preferred Qualifications, Capabilities And Skills

• Working knowledge or strong desire to learn data visualizations and analytics tools (Tableau, Alteryx, LLM, etc.)

Work Schedule

This role is full time in office, Monday thru Friday between the hours of 8:00am to 5:00pm, and is located in Chicago, IL only. It does not offer relocation assistance or immigration sponsorship. This position requires that you attend the training as scheduled. The hours may not coincide with your regularly scheduled hours.

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 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

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.