
at J.P. Morgan
Bulge Bracket Investment BanksPosted 3 days ago
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**Senior Margin & Collateral Associate:** Lead margin call management and regulatory compliance in J.P. Morgan's Derivative Operations, Mumbai. Manage collateral disputes, execute daily margin exchanges, and drive operational excellence through automation. Requires 6-8 years of operations experience, OTC product knowledge, and strategic execution skills.-MS Office proficiency, global flexibility, and tight deadline management are essential.
- Compensation
- Not specified
- City
- Mumbai
- Country
- India
Currency: Not specified
Full Job Description
Location: Mumbai, Maharashtra, India
J.P. Morgan Corporate Investment Bank is a global leader in investment and wealth management, serving institutions, high-net-worth individuals, and retail investors worldwide.
As an Associate in Collateral Operations within Derivative Operations (CIB), you will lead margin call management, drive adherence to evolving regulatory requirements, and deliver cross line-of-business metrics and initiatives. You will support a continuous improvement culture across Back Office, Middle Office, and global teams by partnering closely with Operations and Technology stakeholders. You will contribute to resilient day-to-day execution while advancing strategic automation, control enhancements, and operational excellence.
Job Responsibilities
- Manage collateral disputes through timely investigation, stakeholder engagement, and resolution.
- Execute daily margin exchanges with same-day settlement, exception management, and escalation as needed.
- Perform supervisory controls to monitor collateral exposure and ensure strong governance.
- Supervise MTM breaks, including data quality remediation and coordination with Middle Office, Credit Risk, and VCG partners.
- Drive upstream root-cause fixes to minimize recurring breaks and reduce operational risk.
- Ensure compliance with regulatory requirements (e.g., CFTC, EMIR, NCMR) through disciplined execution and audit-ready controls.
- Lead UAT oversight and strategic automation/projects, providing structured updates to senior management on BAU and delivery progress.
Required qualifications, skills, and capabilities
- CA/MBA with 6 years of operations experience, or Graduate/Post-Graduate with 8 years of operations experience
- Investment Banking operations knowledge, including OTC products, processes, and system understanding; familiarity with global bank operational and reporting environments
- Strategic, detail-oriented execution capability across BAU and project delivery with a hands-on approach to problem solving
- Strong written and verbal communication skills; proficiency in MS Office (Outlook, PowerPoint, Excel, Word, Access, Project) and ability to operate under tight deadlines with flexibility for global hours/travel
Preferred qualifications, skills, and capabilities
- Working knowledge of CFTC, EMIR, and NCMR regulatory requirements
- Experience in OTC confirmations processes
- Experience in collateral management and reconciliation platforms
- Exposure to strategic automation initiatives within operations environments




