JP Morgan Chase - Transaction Processing Manager/Associate - Securities Services Operations - CIB

CIB - Securities Services Operations - Transaction Processing Manager - Associate

Job Description:

Key components of the product will be:

- Valuation - take-on of the client transaction and daily valuation across all derivatives (credit, equity and interest rate)

- Lifecycle Management - trade maintenance, trade support

- Management of Settlement - including resolution of breaks

- Reconciliation Services - around valuation, cash and confirmation processes

Functional Organisation :

- The hub will be organised with the Business Executive, Business Development and OTC Valuation and Product Specialists based in London. There is also a Program Office reporting to the Operations Head to support the strategic development of the operating models plus client on-boarding.

- Valuation and Product Specialists will be responsible for market data capture and management, independent valuation and client interface in respect of valuation differences.

- Operations will undertake transaction capture and maintenance, reconciliation, client reporting, client accounting, cash management, internal and external client management.

Qualifications :

Core reconciliations - Core Responsibilities :

Key components of the role will be:

- Perform reconciliation between Fund Manager / Investment Manager vs Client to ensure completeness and Accuracy of Trade bookings.

- Detailed investigation of the breaks

- Liaise with external clients and counterparties for breaks resolution

- Liaise with internal Fund Accounting, Client Service and Custody groups for breaks resolution

- 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

Core Competencies :

- 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 prioritisation and time management

- Flexible approach to hours and task allocation

- Good knowledge of risk and controls

Dimensions:

- Size and scale of transactions to be administered to be determined

Level and Experience :

- Relevant working experience in a Fund Manager/Fund Administration or Investor Servicing Company or other related business experience

- Training or academic background in Derivatives / Investment / Settlements/Reconciliations or Mathematics

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.

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