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Business Operations Associate information
See Delaware salary details
$11.31 - $15.14
9% of jobs
$17.63 is the 25th percentile. Wages below this are outliers.
$15.14 - $18.96
24% of jobs
The median wage is $21.88 / hr.
$18.96 - $22.79
22% of jobs
$22.79 - $26.62
16% of jobs
$28.32 is the 75th percentile. Wages above this are outliers.
$26.62 - $30.45
9% of jobs
$30.45 - $34.27
7% of jobs
$34.27 - $38.10
4% of jobs
$38.10 - $41.93
4% of jobs
$41.93 - $45.76
3% of jobs
$45.76 - $49.58
1% of jobs
$49.58 - $53.41
0% of jobs
$11
$26
$53
How much do business operations associate jobs pay per hour?
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NA Cash Equities - Client Service Commission Management - Assoc II
Newark, DE • On-site
Full-time
Medical, Retirement
Re-posted yesterday
JPMorgan Chase & Co. rating
8.0
Based on 493 frontline employees who took The Breakroom Quiz
72nd of 171 rated banks
Job description
The Commission Management team is responsible for looking after commission agreements that allows investment managers to separately pay the broker for trade execution and ask that the remaining commission be allocated to a client account, where the investment manager would accrue CSA credits and use them to pay eligible research/brokerage providers.
As a Client Service Associate II within JPMorganChase, you will have wide-ranging responsibilities in performing this role, ranging from daily control functions, trade break investigations and reconciliations, vendor documentation, legal documentation, tax governance to accommodating ad hoc tasks from the trading desk and the other operational teams with whom we partner. You will be expected to build a solid understanding of front to back trade flows and equity systems infrastructure. Developing strong working relationships with a wide range of both regional and global middle, back office, technology and finance teams will be essential to succeed in this role. You will preferably have an operations background, strong analytical skills, and needs to be able to work efficiently in a fast paced, high volume environment.
Job responsibilities
- Provide comprehensive client service by addressing inquiries, processing transactions, and troubleshooting issues, utilizing your proficiency in strategic planning and digital literacy.
- Protect both the client and the institution from potential financial and reputational damage.
- Contribute to the change management process, assisting in strategic communications and stakeholder impact mitigation to ensure smooth transitions during operational changes.
- Utilize your knowledge of market products to provide informed advice to clients, maintaining an understanding of current industry practices and regulations.
- Participate in the development and implementation of process automation initiatives, applying systems architecture and automation technologies to optimize service delivery.
- Reconcile and manage trades, including coordination of payments to vendors on behalf of CSA clients.
- Manage trade exceptions and partnering with other MO and FO teams globally to resolve issues.
- Perform a variety of daily control functions and create ad hoc reports for MO and FO management.
- Identify process weaknesses and work with technology teams to implement solutions.
Required qualifications, capabilities, and skills
- 3+ years of experience or equivalent expertise in a client service role within a financial institution.
- Excellent influencing, negotiation, and communication skills, with the ability to develop and maintain collaborative relationships.
- Experience in change management, with the ability to facilitate strategic communications and mitigate stakeholder impact.
- Proficiency in digital literacy, with a willingness to understand and implement new/emerging technologies that impact business operations.
- Understanding of the JPM Equity business, infrastructure, trade flows, and control environment.
- Experience in an operations role with strong analytical and problem-solving skills.
- Self-motivated, self-starter with the ability to multitask and work under pressure, prioritizing duties according to risk and client profiles.
- Excellent communication and interpersonal skills, ability to partner with teams across Operations, technology, finance, and the front office.
- Experience in Microsoft Excel.
Preferred qualifications, capabilities, and skills
- Ability to analyze a process and recommend ways to improve quality, control, and efficiency.
- Drive continuous improvement initiatives for high-quality client experiences.
- Experience in client-facing roles working across multiple business areas and/or functions to deliver results.
- Analytical, problem-solving, critical thinking, and decision-m
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
What JPMorgan Chase & Co. employees say
Pay
Benefits
Hours and flexibility
Workplace
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About JPMorgan Chase & Co
Sourced by ZipRecruiter
Industry
Finance and insurance and banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
New York, NY, US