Buenos Aires, Buenos Aires
Margin
The Margin Departments are responsible for administering the margin and credit rules of various regulatory agencies, including but not limited to The Federal Reserve Board, Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), UK’s Financial Services Authority (FSA), as well as the Firm’s internal requirements. In addition, the final review and approval of clients’ requests to withdraw funds and/or securities is owned by Margin staff
Retail Margin services individuals and as well as entity accounts of clients from various lines of businesses such as Chase Wealth Management, JPMorgan Securities Inc., The Private Bank,
Equities Derivatives and Special Equities Finance. There are approximately 2.5 Million client accounts with ~ $8 billion in credit exposure. This team consists of 40 professionals, located in New York, Delaware and Buenos Aires.
Each time a Margin exception is triggered during daily client trading activity, it is run through team developed User Tools to determine if manual action is required by the Margin team. These exceptions might include trading activity that results in an unsecured debit or short position, good faith violation, box position in a margin account, etc.
The department also facilitates the movement and withdrawal of a client’s cash and securities. The team performs a series of manual validations and callbacks to ensure that collateral movements are confirmed and accurate before leaving the Firm. Finally, the team provides customer service in the form of responding to general inquires and margin questions.
Key Operational Areas:
In Buenos Aires the Margin department is responsible for:
Monitors margin loans for accounts with respect to equity levels -
Daily review of cash exceptions
Manages and approves requests for cash and security movements in accordance with the Global Funds Transfer Policy
Acting as a key point of contact between the front offices and operations
Banklink ACH Rejects.
Fee Billing
Collateral Agreements
Your Background:
These points have been carefully considered as being essential for the role. Your background must accurately reflect all of these for your application to be considered.
- University student / degree.
- 1+ years of working experience on administrative roles.
- Strong risk and control awareness and ability to implement mitigating controls
- Ability to effectively prioritize workloads and work to critical deadlines while maintaining accuracy and quality
- Problem / issue resolution skills
- Relationship building skills, strong ability to develop partnerships to drive results
- Very strong verbal and written communication skills
- Proficiency with Microsoft Excel.
- Client Orientation.
