Margin & Collateral Manager III

JP Morgan Chase; Chicago (IL); On-site; USD 180,000 - 280,000; Full time

Job summary

JP Morgan Chase is seeking a Vice President in Chicago to lead the Futures and Derivatives Clearing Client Margins team. You will oversee daily client margin obligations, champion payment controls, and drive continuous process improvements across global settlements.

A core focus is building talent and ensuring rigorous adherence to risk policies. You will collaborate with Sales, Controls, Technology, and Operations, solving complex settlement issues, and shaping client experience through

Qualifications

• Deep understanding of the Derivatives Clearing business and end-to-end lifecycle of futures and cleared swaps.
• Proven experience in team oversight and developing talent with accountability.
• Strong communication skills for external clients and internal partners.
• Demonstrated control mindset to identify gaps and mitigate operational risk, especially in payment controls.

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 and internal risk policies.
• Resolve complex issues related to SWIFT formatting, cash and securities settlement instructions, and settlements across global markets.
• Build 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 cross-functional initiatives to improve service offerings and client experience.
• Monitor industry developments in cleared derivatives and communicate insights to management.

Skills

Derivative clearing domain

Team leadership

Client/Stakeholder relations

Control mindset

Problem solving

Prioritization & multi-tasking

Organization & detail orientation

Self-development

Synthesis of complex information

Series 99 certification or eligible

Education

Series 99 certification or eligible

Tools

Tableau

Alteryx

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 inChicago, ILonly. 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.