JOB DESCRIPTION

Derivative Operations provides operational support across Commercial Investment Bank covering key product areas including FX, OTC Derivatives, Principal Collateral, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS.

As a Senior Associate in Collateral Operations as a part of Derivative Operations, you will be responsible for margin call management, dispute resolution, and daily collateral controls supporting OTC and cleared derivatives activity. You will deliver strong regulatory adherence across upcoming and evolving requirements (e.g., CFTC, EMIR, NCMR) while partnering closely with Middle Office, Credit Risk, VCG, Operations, and Technology teams. You will drive continuous improvement by reducing breaks through root-cause analysis, strengthening controls, and supporting strategic automation and change delivery.

Job Responsibilities :
- Manage collateral disputes through investigation, stakeholder engagement, escalation, and timely resolution.
- Execute daily margin exchange activities, ensuring same-day settlement, accurate processing,



and exception management.
- Perform supervisory control checks around collateral exposure, including monitoring, evidence capture, and remediation tracking.
- Investigate MTM breaks and data quality issues, coordinating resolution with Middle Office, Credit Risk, VCG, and upstream teams.
- Drive root-cause deep dives on recurring exceptions, implementing fixes that reduce future breaks and operational risk.
- Lead regulatory compliance execution across applicable frameworks, supporting readiness activities and ongoing governance requirements.
- Deliver cross-LOB metrics and support BAU and strategic initiatives, including UAT coordination and automation projects, with explicit senior management updates.

Required qualifications, skills, and capabilities :
- Graduate or Post-Graduate with 8+ years of operations experience, or CA or MBA with 9+ years of operations experience.
- Strong kno

📌 Margin & Collateral Associate (Mumbai)
🏢 JPMorganChase
📍 Mumbai