• CIB - Collateral Operations -Transaction Processing Specialist - Team Leader Jobs in Hyderabad,India

  • JPMorgan Chase & Co
  • Save Job
  • 3 - 6 Years
  • Posted : above 1 month

Job Description:

CIB - Collateral Operations -Transaction Processing Specialist - Team Leader Req # 190064320

Location Mumbai, MH, IN

Job Category Operations

JP Morgan is a leading global financial services firm, established over 200 years ago

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management

o We have assets of $25 trillion and operations worldwide

o We operate in more than 100 markets

o We have more than 243,000 employees globally

Our wholesale businesses include JP Morgans Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families

Our corporate functions support the entire organization and include the following functions Accounting, Audit, Finance, Human Resources, Operations, and Technology

JP Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firms operations regionally and globally The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions JP Morgan is a global leader in financial services, offering solutions to the worlds most important corporations, governments and institutions in more than 100 countries

Derivative Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees Services provided to our Businesses include

Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 25M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices

OTC Derivatives Operations supports a global and diverse client base Primary functions performed affirmation, settlement, client money daily segregation, credit event management, client valuations, regulatory reporting, and tax reporting Facilitate transaction execution via a best in class systematic control framework, providing integration between risk systems (Athena, GPS, Kapital, Pyramid) and vendor platforms (DTCC / TIW / Markitwire / Thunderhead)

Manage a portfolio of 25M live trades
Monthly settlement of 600,000 payments (100 PERCENT increase vs 300,000 in 2010)
70,000 Dodd Frank MTM and client valuation statements issued on a daily basis

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

Mumbai is one of our largest locations within India Finance is a passion here, and weve been respected in the city since 1922 Mumbai is one of Indias most attractive cities with beautiful parks, avenues and impressive buildings Parts of the city are amongst the most modern and westernized areas of India We have seven sites in Mumbai, and each one offers private canteens, large break rooms and state-of-the-art facilities Our teams here are business drivers You can join them as you learn and grow Join us, and you too can be part of it

Job Description

Person will be responsible for Margin calls management, Regulatory adherence for all upcoming NCMR regulations, cross LOBs metrics and projects and building the culture of Continuous Improvement supporting business across Back Office, Middle offices as well as Global teams The individual will be interacting with multiple Operations & technology teams within the organization to (re)design process

Summary of Responsibilities

Daily Margin Exchange Same day settlement/Exception management
Supervisory controls around collateral exposure management
MTM Breaks Including Data Quality, strategic projects etc
Continuous Focus on deep dive and fixing on upstream issues to keep the breaks to minimum
Resolving Breaks with Middle Offices/Credit risk/VCG etc
UAT testing
Key role in regulatory compliance CFTC, EMIR, NCMR, MIFID etc
Improving controls in the process & ensure 100 PERCENT accuracy and compliance to Regulatory rules
Manage any new analysis requirements across multiple stakeholders
Regular update to senior management on BAU, projects etc
Collateral Dispute Management
Strategic automation projects

Skills and Qualifications

CA/ MBA with 2-4 years / Graduate or Post-Graduate with 3-6 years experience in operations
Familiarity with a global banks process & operational Strong business knowledge ie Investment Banking, including OTC product, process and system knowledge
Ability to drive results through a hands-on approach
Excellent verbal and written communication skills, and adept at communicating with all levels of the business and technical parts of the organization
Skilled in MS office applications including Outlook, PowerPoint, Excel, Word, Access and Project
Can operate effectively in a dynamic environment with tight deadlines, and can prioritize ones own and teams work to achieve them
Flexibility to work global hours and willing to travel globally, if needed
Extensive Knowledge on CFTC/EMIR/NCMR rules

Experience on Collateral/Confirmations/Portfolio Reconciliation/Exposure to Tri optima will be an advantage

Would suit someone looking for a flexible working opportunity

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 07th Jan 2020

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