• CIB - Derivative Operations - Transaction Processing Spvsr - Team Leader Jobs in Hyderabad,India

  • JPMorgan Chase & Co
  • Save Job
  • 4 - 7 Years
  • Posted : above 1 month

Job Description:

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

Hiring Manager Information

Hiring Manager

Ashish Verma

Hiring Manager Title

Vice President

II Department Information


Bangalore, INDIA

LOB Corporate & Investment Bank

Depart/Section Expense Management Unit

Shift Timings


III Background to the Role and Business Description

The Expense Management Unit (India Operations) is a part of the JP Morgan India captive, the shared services center of JPMorgan, in India, established in 2002, has operations across Mumbai, Bangalore, and Manila and supports JPMorgans various Lines of Business across the entire spectrum of banking operations / activities

The EMU is committed to providing operations of the highest quality and our integrated excellence to wide spectrum of banking operations within Corporate & Investment Banking Operations (CIB Ops)

Broad businesses under the EMU - India umbrella are Expense Management & Billing with various functions/processes Fees and Brokerage [Derivative Operations (Credit, Rates, Equities, Fixed Income, and Options), Currency Operations (FxOps), Brokerage Control etc

The EMU focuses on building and maintaining strong relationship with clients and partner closely with technology, finance and representatives from lines of businesses to provide real time, world class service in a highly controlled environment

IV Job Description

The Expense Management Unit offers innovative solutions and services to various LOBs across multiple asset classes and geographies The unit maintains relationships with hundreds of clients worldwide In addition to this JP Morgan is an industry leader in providing clearing, custody, operations, and technology and order execution capabilities to broker dealers worldwide

The Expense Management Unit - Expense Management Group is responsible for invoice management, validation/reconciliation, and allocation of charge to various LOB, Cost Centers, timely payment, NOSTRO Clearance, and MIS Reporting

The Expense Management Unit Billing Utility is responsible for invoice generation of transaction-related charges for OTC & PB clients

Expense Management

The objectives of the EMU - Expense Management Group are

Daily maintenance and reconciliation of the books and records of the JP Morgan Clearing Corp, (JPMCC) relating to clearing activities and balancing of incoming and outgoing funds

Payments to counterparties and broker dealers

Reporting of any abnormal trade activity to Product Controllers/traders that is consistent with the Firms internal policies and procedures, and in accordance with Federal, State and New York Stock Exchange, Inc (NYSE) regulations, as well as all other self-regulatory organizations of which the Firm is a member or to whose jurisdiction the Firm is subject

The Department is responsible for

Balancing all JPMCC entities within the books and records processing stream

Balancing omnibus and suspense accounts
Bank and international product reconciliations
Monitoring international operations suspense accounts
Balancing JPMCC inter -company trading accounts
Monitoring data processing charges allocated to select operational areas
Reconciling delivery-versus-payment account balances
Analyzing, accruing, allocating, and paying Electronic Communication Network (ECN) invoices
SEC Fees Direct payment & Non Direct payment
Analyzing, accruing, allocating, and paying international bank / floor brokerage / Stock Loan fees etc
Creating weekly/monthly management reports
Special projects
Receivable and Payable functions for stock loans/borrows and Clearing Member Trade Agreements (CMTA) for options

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 Mar 2020

Key Skills:

Company Profile:

JPMorgan Chase & Coarfix

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