At JPMorganChase, we believe in empowering our people to make meaningful impact from day one. As a Vice President on our Prime Finance SBL team, you will be at the center of one of the most dynamic and fast-moving areas of the firm. You will support the daily coverage of the ETF stock borrow and loan activity while driving broader General Collateral (GC) financing strategy and balance sheet optimization. If you thrive in a fast-paced, hands-on environment and are passionate about securities lending and financing economics, this role is built for you.
Job Responsibilities
- ETF Stock Borrow/Loan Activity (SBL):
Support the daily coverage of the ETF book, managing stock borrow and loan activity including inventory management, recalls, buyins, settlement issues, availability, and pricing
- Monitor and identify changes in utilization, short interest, corporate actions, create/redeem flow.
- General Collateral
- Optimize GC collateral borrow activity through strategic deployment of firm needs and counterparty management to ensure competitive financing economics
- Analyze stock loan positions and financing activity to identify balance sheet optimization opportunities
- Collaborate closely with Demand, Operations, Risk, and Capital Management teams to optimize the firm's financing resources
- Deliver strong client and counterparty service while maintaining alignment with internal risk and regulatory frameworks
Required Qualifications, Capabilities, and Skills
- Strong understanding of the stock loan market and Securities Borrowing & Lending (SBL) mechanics, including ETF borrow, create, and redeem dynamics
- Demonstrated experience in financing economics and balance sheet optimization
- Ability to manage day-to-day trading and operational responsibilities in a fast-paced, hands-on environment
- Strong analytical skills with the ability to identify trends and drive data-informed decisions across financing activity
- Proven ability to collaborate cross-functionally with Risk, Operations, and Capital Management stakeholders
- Excellent communication and interpersonal skills with the ability to manage client and counterparty relationships effectively
Preferred Qualifications, Capabilities, and Skills
- Prior experience at Associate/VP level within equity finance, prime brokerage, or a related securities lending function
- Familiarity with regulatory capital frameworks and their application to financing optimization
- Experience working with large data sets to support reporting and strategic decision-making
- Series 7 and Series 63 Licensing Preferred
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Skills Required
- Strong understanding of the stock loan market and Securities Borrowing & Lending mechanics, including ETF borrow, create, and redeem dynamics
- Demonstrated experience in financing economics and balance sheet optimization
- Ability to manage day-to-day trading and operational responsibilities in a fast-paced, hands-on environment
- Strong analytical skills with ability to identify trends and drive data-informed decisions across financing activity
- Proven ability to collaborate cross-functionally with Risk, Operations, and Capital Management stakeholders
- Excellent communication and interpersonal skills to manage client and counterparty relationships
- Prior experience at Associate/VP level within equity finance, prime brokerage, or securities lending function
- Familiarity with regulatory capital frameworks and their application to financing optimization
- Experience working with large data sets to support reporting and strategic decision-making
- Series 7 and Series 63 licensing
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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