Prime Finance - ETF/General Collateral SBL Trader - Vice President

Job Description

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

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.