Associate II - Prime Brokerage Asset Servicing Middle Office

Location: Jersey City, NJ, United States

Job Family: Client Service Delivery

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client-focused solutions. We are seeking a detail-oriented, results-driven problem solver to join our dynamic Prime Brokerage Asset Servicing Middle Office team as an Associate II. Based in our state-of-the-art facility in Jersey City, NJ, this role is pivotal in delivering exceptional client service within our Client Service Delivery category. The ideal candidate will thrive in a collaborative environment, leveraging their expertise in financial operations to support hedge funds, asset managers, and institutional clients through efficient asset servicing and middle office support. In this position, you will be responsible for managing the end-to-end asset servicing processes for prime brokerage activities, including trade reconciliation, corporate action processing, and collateral management. You will work closely with cross-functional teams to ensure seamless execution of client instructions while mitigating operational risks and adhering to stringent regulatory standards. Opportunities abound to contribute to process enhancements, utilizing cutting-edge technology to streamline workflows and improve service delivery. This role offers exposure to a broad range of financial instruments and global markets, fostering professional growth within JP Morgan's renowned training and development programs. Joining JP Morgan Chase means becoming part of a world-class institution committed to integrity, innovation, and community impact. We value diverse perspectives and provide robust support for career advancement, work-life balance, and personal well-being. If you are passionate about the financial services industry and eager to make a meaningful contribution to our clients' success, we encourage you to apply and help shape the future of prime brokerage at JP Morgan.

Key Responsibilities

• Oversee daily asset servicing operations for prime brokerage clients, including trade settlements, corporate actions, and income processing
• Perform reconciliations of client positions, cash balances, and collateral to ensure accuracy and compliance
• Collaborate with front office, back office, and client service teams to resolve discrepancies and operational queries
• Monitor and manage risk exposures related to asset servicing, escalating issues as needed to senior management
• Ensure adherence to JP Morgan's risk management policies and regulatory standards in all middle office activities
• Support client onboarding and ongoing servicing by providing timely reports and analytics on portfolio performance
• Identify process improvements and implement automation solutions to enhance efficiency in asset servicing workflows
• Conduct quality assurance reviews and audits of middle office processes to mitigate operational risks
• Liaise with custodians, clearinghouses, and external vendors to facilitate seamless asset movements and settlements

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Minimum of 3-5 years of experience in middle office operations, asset servicing, or prime brokerage within the financial services industry
• Strong understanding of financial instruments including equities, fixed income, derivatives, and collateral management
• Proficiency in regulatory requirements such as SEC, FINRA, and Dodd-Frank, with a focus on prime brokerage compliance
• Demonstrated ability to manage high-volume transactions and resolve complex operational issues in a fast-paced environment
• Excellent analytical skills with experience using financial reconciliation tools and data analysis software

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) or relevant certifications like CFA or Series 7
• Prior experience at a major investment bank such as JP Morgan Chase or similar in prime brokerage asset servicing
• Knowledge of JP Morgan's internal systems like Prime Gateway or asset servicing platforms
• Experience with cross-border transactions and international regulatory frameworks

Required Skills

• Proficiency in Microsoft Excel and financial modeling tools
• Knowledge of SQL for data querying and analysis
• Understanding of prime brokerage products and services
• Strong attention to detail and accuracy in data handling
• Excellent problem-solving and critical thinking abilities
• Effective communication skills, both written and verbal
• Ability to work under pressure in a high-stakes financial environment
• Team collaboration and stakeholder management
• Regulatory compliance and risk assessment expertise
• Time management and prioritization in dynamic settings
• Familiarity with Aladdin or similar asset management systems
• Analytical mindset for reconciling complex financial data
• Adaptability to evolving market conditions and technologies
• Customer service orientation for client-facing interactions

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement for advanced education
• Employee stock purchase plan and access to JP Morgan's global mobility opportunities
• Wellness programs including gym memberships and mental health support
• Flexible work arrangements and hybrid work options in Jersey City, NJ

JP Morgan Chase is an equal opportunity employer.