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Commission Merchant Processing Jobs in Illinois (NOW HIRING)

Crypto.com

U.S. Treasurer

Chicago, IL · On-site

... Commission Merchant (FCM), Foris DAX FCM LLC. This structure gives Crypto.com control over the full ... This is a hands-on leadership role with a clear mandate to modernize the function through process ...

NinjaTrader

Sr. Paralegal

Chicago, IL · On-site

$100K - $120K/yr

... commission merchant (NinjaTrader Clearing, LLC), and an educational company (NT Technologies, LLC). The Sr. Paralegal will take ownership of critical legal processes, manage complex legal projects ...

Advance Trading, Inc

Compliance Officer

Bloomington, IL · On-site

Manage Anti-Money Laundering training and related processes * Associated Persons Registrations ... Experience as an Introducing Broker of Futures Commission Merchant * Series 3 license OR ability to ...

Oanda

Chief Compliance Officer

Chicago, IL · On-site +1

As a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with ... While these tools provide recommendations, our recruitment process remains human-centric: all final ...

NinjaTrader

Sr. Paralegal

Chicago, IL · On-site

... commission merchant (NinjaTrader Clearing, LLC), and an educational company (NT Technologies, LLC). The Sr. Paralegal will take ownership of critical legal processes, manage complex legal projects ...

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All JobsMerchant Processing JobsCommission Merchant Processing JobsCommission Merchant Processing Jobs in Illinois

Commission Merchant Processing information

What are the key skills and qualifications needed to thrive as a Commission Merchant Processing Specialist, and why are they important?

To thrive as a Commission Merchant Processing Specialist, you need strong analytical abilities, attention to detail, and a solid understanding of financial transactions, often supported by experience in accounting or finance. Familiarity with payment processing platforms, CRM systems, and relevant compliance standards such as PCI DSS is typically required. Excellent organizational skills, integrity, and effective communication set top performers apart in this role. These skills are crucial for ensuring accurate commission calculations, regulatory compliance, and smooth merchant operations.

What is the difference between Commission Merchant Processing vs Sales Agent?

AspectCommission Merchant ProcessingSales Agent
CredentialsMay require business licenses, industry-specific certificationsOften requires sales or industry-specific training, but fewer formal credentials
Work EnvironmentTypically office-based or remote, handling transactions and client accountsField or office-based, engaging directly with clients or prospects
Employer & Industry UsageUsed by financial, payment processing, and merchant services companiesCommon in retail, insurance, and service industries
Search & Comparison IntentHigh overlap in payment processing and merchant servicesFocuses more on direct sales and client acquisition

Commission Merchant Processing involves managing merchant accounts and processing transactions, often requiring industry-specific certifications. Sales Agents primarily focus on selling products or services directly to clients, with less emphasis on processing credentials. Both roles are common in client-facing industries but differ in responsibilities and work environment.

What are some common challenges faced by professionals in Commission Merchant Processing, and how can they be addressed?

Professionals in Commission Merchant Processing often encounter challenges such as managing complex transaction reconciliations, ensuring timely payments to stakeholders, and maintaining compliance with industry regulations. Staying organized and developing strong attention to detail are crucial for accurately tracking commissions and resolving discrepancies. Collaborating closely with sales teams and IT departments can help streamline workflows and address technical issues, while ongoing training in compliance and payment technologies can enhance efficiency and reduce errors.

What are commission merchant processing jobs?

Commission merchant processing jobs involve handling transactions and payments for businesses or individuals who sell goods on commission. These professionals are responsible for ensuring that payments between buyers, sellers, and agents are accurately processed and recorded. They may work with various payment platforms, verify transaction details, and provide customer support related to commission payments. The role often requires attention to detail, familiarity with financial systems, and strong communication skills.
What are the most commonly searched types of Merchant Processing jobs in Illinois? The most popular types of Merchant Processing jobs in Illinois are:
What are popular job titles related to Commission Merchant Processing jobs in Illinois? For Commission Merchant Processing jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Commission Merchant Processing jobs in Illinois look for? The top searched job categories for Commission Merchant Processing jobs in Illinois are:
What cities in Illinois are hiring for Commission Merchant Processing jobs? Cities in Illinois with the most Commission Merchant Processing job openings:
Commission Merchant Processing jobs near you
Margin&Collateral Associate I

Margin&Collateral Associate I

JP Morgan Chase

Chicago, IL • On-site

Full-time

Medical, Retirement

Posted 9 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 492 frontline employees who took The Breakroom Quiz

71st of 170 rated banks

Job description

J.P. Morgan's Global Client Money Team seeking a highly motivated individual to join the North America Client Money team responsible for Futures & Options and OTC Clearing business. 

As a Margin&Collateral Associate within the North America Client Money team, you will help support daily Commodity Futures Trading Commission (CFTC) regulatory filings, provide regulatory guidance and support to various teams within the FCM (Futures Commission Merchant)  including sales, trading, marketing, operations finance, control, technology, risk, onboarding, and treasury and business management on manners relating to the treatment, reporting and recordkeeping requirements around client funds. In addition, you will be part of the ongoing review of processes and procedures concerning client funds to identify gaps in such processes and procedures and develop remedial action to close any identified gaps.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.

Job responsibilities

  • Assist Americas Commodity Futures Trading Commission (CFTC) Client Money Officer in revising, updating, and maintaining US Client Money Policies and Procedures concerning the treatment, reporting and record keeping relating to funds belonging to U.S. and foreign futures and options customers as well as cleared OTC customers.
  • Formulate daily preparation of client money calculations prepared in accordance with CFTC and self-regulatory organization rules and regulations.
  • Review business processes and new initiatives to ensure that JPMS LLC (a Futures Commission Merchant (FCM) ) comply' s with regulatory requirements.
  • Perform compliance reviews and risk assessments, identify potential areas of compliance vulnerability and risk, develop and implement corrective measures, and provide guidance on how to avoid or deal with similar situations in the future.

Required qualifications, capabilities, and skills

  • College degree required (BA/BS)
  • 5+ years of relevant futures and/or derivatives experience with a futures commission merchant, regulator, investment bank, broker, or market participant.
  • Working understanding of basic rules, regulations, and interpretations pertaining to a FCM including CFTC, NFA, exchanges, clearinghouses, and Dodd-Frank.
  • Knowledge of basic accounting/finance principles
  • Strong interpersonal and influencing skills with the ability to establish credibility and strong partnerships with business partners with experience building and maintaining key relationships across departments and functions, and encouraging a culture of engagement.
  • Highly organized, detail-oriented, and energetic individual with proven ability to communicate effectively at all levels both orally and in writing.
  • Capable of operating comfortably within a complex organizational structure.
  • Excellent business judgment and problem-solving skills.
  • A self-starter with the aptitude to initiate action, adapt to change, make difficult decisions, and accept challenging assignments.

  • Work effectively both in a team environment and independently. 

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

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. 

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