JP Morgan Chase - Team Leader - Transaction Processing Supervisor - Securities Services Operations - CIB

CIB - Securities Services Operations - Transaction Processing Supervisor - Team Leader

Job Description :

Third Party Derivatives support four main OTC derivatives services:

- NAV Support - instruction capture and processing client provided valuations / cash flows; reconcile to the fund manager

- Independent Valuations - instruction capture, generate in-house/ source TPV valuations and cash flows; reconcile to the fund manager/ counterparties; standard reporting

- Middle Office - same service as Independent Valuations plus confirmation/ settlement management

- Asset Verification - As a utility to T&F, produce Independent Asset Verification of OTC/FFX & CFD trades

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Location Description

Job Description :

- Counterparty Reconciliation service is offered to clients including asset managers, pension funds and other institutional investors that are trading OTC derivatives as a component of their investment strategies. This service is also extended to hedge funds that are trading on OTC & ETD derivatives

- Counterparty reconciliation acts as secondary control check to the positions booked by Trade Capture & are responsible for ensuring the client's books and records captured within 3PDP risk management system i.e. DerivClear remain synchronized with counterparty data received in TriOptima & investigate various types of reconciliation breaks/exception.

This will also include :

- Follow up with different brokers/vendor/client for timely resolution of reconciliation breaks/exception

- Interaction with the client on weekly/fortnightly basis to discuss outstanding items

Summary of Responsibilities :

Key components of the role will be:

- Perform reconciliation between Broker / Counterparty vs Client to ensure the client books are in line with respective brokers

- Detailed investigation of the breaks

- Liaise with external clients and counterparties for breaks resolution

- Attend Client calls in presence of onshore team to discuss the status of the breaks resolution & any other client request / issues

- Liaise with internal team for breaks resolution

- Provide MIS reporting on break status

- Provide weekly KPI information to management

- Ensure team meet designated deadlines in line with internal SLA's

- Proactive & transparent communication to all stakeholders relating to delivery

- Provide comprehensive error reporting when such instances occur, and evidence action plan to ensure any identified gaps are closed

- Undertake root cause analysis of regular breaks

- Escalate issues to designated parties to agreed timescales

- Identify process improvements to contribute to best practice

Skills and Qualifications :

- Previous experience of reconciliation

- Sound knowledge of basic accounting (ie. debits/ credits)

- Excellent communication, interaction and influencing skills

- Strong PC skills, particularly Excel

- An understanding of derivatives and fund accounting processes is a distinct advantage

- Knowledge of custody and settlement is an advantage

- A proactive approach to problem-solving, taking ownership of issues and having the determination to follow things through

- Self-motivated, innovative, methodical and analytical

- Good prioritization and time management

- Flexible approach to hours and task allocation

- Good knowledge of risk and controls

About Us :

- JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants- and employees- religious practices and beliefs, as well as any mental health or physical disability needs.

About the Team :

- The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

- Operations teams develop and manage innovative, secure service solutions to meet clients- needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.

The link provided below will redirect you to a website. Please apply there as well.