• CIB - Middle Office - Transaction Processing Manager - Associate Jobs in Mumbai,India

  • JPMorgan Chase & Co
  • Save Job
  • 5 - 8 Years
  • Posted : above 1 month

Job Description:

CIB - Middle Office - Transaction Processing Manager - Associate Req # 190064848

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

III Background to the Role and Business Description

JPMorgan Chase Bank, NA is a leading global financial services firm with $24 trillion in assets and 255,500 people working across 60 countries JPMorgan serves the interests of clients with complex financial needs, from the worlds most prominent corporate, institutional and government clients to charities and private individuals The firm is a leader in investment banking; financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients

Corporate and Investment(CIB) Operations 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

The Global Fixed Income Cash Middle (GFICMO) Office located in Mumbai supports the global trade capture teams located across North America, Europe and Asia Pacific

IV Job Description

The GFICMO in Mumbai has close to 30 employees managing various operational functions such Trade Management, Regulatory Reporting, Control and Risk Management, Client Services, Interest Claims, Max Recovery Key Products supported are Bonds and Repo

The Mumbai Team executes multiple functions across regions as below

Mumbai Middle Office Asia and EMEA

End to end Client Trade Life cycle management including allocation, prematching, fails management, Reconciliation ( FOBO / FOFO) etc
Investigate Risk Management systems for economic breaks, raised by the back office of affiliates through the query management tools
Query management tools Work with Settlements, Confirmations & Accounting to review and assist with any settlement, confirmation and or accounting related queries/issues
Monitor live reject queues and clear exception in timely manner
Performing Reconciliation activities between Front Office, Middle Office and Back Office Systems therefore maintaining a controlled environment
Live Client interaction through mail and Client hotline
Interact back office / middle office to identify issues, challenges, disputes and take appropriate and corrective action to ensure timely settlement
Compile Ad-hoc reports that are requested by Front Office or other Middle / Back office groups
Analyze trends and partner across teams to address issues and enhance trade STP
Effectively engage with various internal teams across locations for resolution of issues, working collectively on process improvement initiatives etc
Execute all prime record reconciliations not linked to trade execution of deals This will involve the execution of these reconciliations and the investigation of breaks
Participate and Contribute in tech projects including UATs and new idea generation
Effectively execute internal reports to Sr management
Have strong understanding of end to end controls, infrastructure & clear awareness of risk

Personal Specifications

Education and Qualifications - Graduate with minimum 5 years of work experience in Investment Banking Operations Should have knowledge of Fixed Income products such as Cash Bonds and Repo

Core Skill-sets

Understanding of Fixed Income life cycle of a trade
Good understanding of the control environment Has risk and control awareness
Drafting, Confirmations, Affirmations, Settlements and or Middle office exposure
Analytical skills Problem solving Data analysis, Decision-making
Work management skills Time and workload management, Self-starter, Planning, achievement Orientation, Productivity focus
Demonstrates good problem solving skills and ability to negotiate & influence at appropriate levels
Prioritizes effectively and manages within deadlines
Interpersonal skills Ability to influence others, Purposeful communication, Flexibility, Active listening
Takes ownership & is delivery focused Delivers independently and seamlessly
Aptitude Outcome focused, self-motivated, flexible and enthusiastic, Professional approach to successfully interact with senior management/ colleagues/ peers
Communication Is organized, clear and confident in written and oral communications Actively engages in discussions offering expertise, opinions and advice
PC Literate MS Excel/ Word/ Access required
Open to work in shifts (Asia/EMEA)

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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