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Margin Operations Associate

M1
Chicago, IL Full Time
POSTED ON 4/8/2025
AVAILABLE BEFORE 5/8/2025

Who We Are

M1 Finance has created a personal wealth-building platform made for the modern era, uniting personal perspective and automated ease. We seamlessly combine free investing, low cost borrowing and digital checking all in one intuitive, automated Finance Super App, and we’re driven by a mission to empower personal financial well-being. We believe that financial well-being is fundamental to overall well-being, and we strive to deliver products that are simpler, smarter, and stronger than those created by our staid, boring, entrenched, slow-moving competitors in the personal finance industry.

Our clients have already trusted us with over $10 billion of assets, we’re currently helping hundreds of thousands of people grow and manage their wealth with our industry-leading automation and tools, and we’re adding thousands of new clients every day.

We’re looking for passionate people who want to improve and build on what we’ve created and take responsibility to help others build something meaningful and sustainable for their futures.

We mean it when we say, “M1 is yours to build.”

If this sounds interesting to you, we’d love to have you read on.

Our Values

Our team embodies our eight core principles and if these principles speak to you – we’d love to talk with you.

  • Mission Driven : We will passionately apply ourselves to deliver immense value to our customers, knowing if they succeed, so too will the company.
  • Extreme Ownership : We think and act like owners. Our focus is on building long-term value, not scoring short-term marks. We own everything in our domain, including the outcome and everything that affects it.
  • Boldness : We want to do things of consequence. Make a difference. We would rather fail at something meaningful than succeed at something trivial.
  • Bias for action : The best way to make progress is to act.
  • Economical : Efficiency is important, and we consider both the costs and benefits of our actions.
  • Team-oriented : In working together, we maintain a low ego, make everyone feel welcome, assume good intent, trust one another, and seek out different perspectives. We empower our teammates to be at their best.
  • Challenged, but not overwhelmed : We are curious people who always want to grow. Growth happens outside our comfort zone. We achieve our potential through consistent, manageable growth.
  • Integrity : We do the right thing. When we make mistakes, we own and correct them. We would be proud of our actions are shared with our family, friends, and strangers. Everyone can count on us to act according to our values, beliefs, and principles we state we hold. This trust must never be broken.

Position Overview

We are seeking a detail-oriented and proactive Margin Operations Associate to join our growing operations team at M1. In this role, you will be responsible for managing the daily margin operations process, monitoring margin calls, and ensuring compliance with regulatory requirements. You will play a key role in supporting risk management initiatives and ensuring the smooth execution of margin-related activities across M1.

This position is ideal for individuals with a strong understanding of financial markets, margin requirements, and risk management, and who thrive in a collaborative, dynamic environment.

Key Responsibilities

  • Margin Monitoring : Monitor and track margin requirements for all trading accounts, ensuring compliance with firm policies, exchange regulations, and credit limits.
  • Margin Calls : Manage the daily margin call process, including issuing margin calls, tracking cash and collateral movements, and ensuring timely resolution.
  • Risk Management Support : Assist in the identification and resolution of potential risk issues related to margin and collateral. Work closely with risk management and trading desks to ensure optimal margin utilization and compliance.
  • Trade Reconciliation : Reconcile margin and collateral balances against internal systems, broker reports, and clearinghouse data to ensure accuracy and resolve discrepancies.
  • Regulatory Compliance : Ensure that all margin-related activities comply with regulatory requirements, including exchange rules, regulatory bodies (e.g., SEC, FINRA), and internal compliance policies.
  • System Maintenance : Work with internal teams to maintain and update margin-related processes and procedures in trading platforms and risk management systems.
  • Process Improvement : Identify and recommend opportunities for process improvements in margin operations, aiming to increase efficiency, reduce risk, and enhance accuracy.
  • Communication & Support : Serve as the primary point of contact for internal and external stakeholders regarding margin-related inquiries, issues, and escalations.
  • Qualifications

  • Education
  • Bachelor’s degree in Finance, Economics, Accounting, or a related field.

  • Experience
  • 3 years of experience in margin operations, risk management, or trading operations within a financial institution or trading firm.

  • Market Knowledge
  • Strong understanding of financial markets, trading products (equities, futures, options, etc.), and margin requirements across various asset classes.

  • Technical Skills
  • Proficiency with Excel (advanced formulas, pivot tables, v-lookups) and familiarity with trading platforms (e.g., Bloomberg, Reuters, or other trading systems). Experience with risk management or margin systems is a plus.

  • Analytical Skills
  • Strong attention to detail with the ability to analyze large sets of data, identify trends, and derive actionable insights related to margin and collateral management.

  • Communication
  • Excellent written and verbal communication skills. Ability to communicate complex margin and risk information clearly to both technical and non-technical stakeholders.

  • Problem-Solving
  • Ability to quickly identify problems and develop effective solutions under pressure, particularly during volatile market conditions.

  • Teamwork
  • Collaborative and capable of working cross-functionally with traders, risk managers, compliance officers, and other stakeholders in a fast-paced environment.

    Preferred Qualifications

  • Series 7, 24 and / or 99
  • Benefits

  • Unlimited PTO
  • Comprehensive health, dental, vision, disability, and life insurance
  • Stock options for all employees
  • Retirement benefit with employer match
  • Please submit your resume to recruiting@m1finance.com

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