Senior Margin and Collateral Lead – Derivatives Clearing

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

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