JOB DESCRIPTION
Join our team to build your career in a culture that values innovation, creativity, and excellence.
As a Fund Servicing Associate within the Securities Services Operations, you will be responsible for timely and accurate delivery of NAV to the FA for final release to the client. The role requires a sound understanding of derivatives and managing a team ensuring accurate and timely booking of trades based on instructions received from clients, valuation, cash, and collaterals on derivative trades based upon valuation and cash report received from the clients/Fund Managers, Market data, and Economic trade data required for processing, valuation, and reconciliation of our client derivatives portfolio into various 3PDP systems such as FSDV and WINS Enterprise.
We work in a very dynamic environment, and you will be expected to keep up with regular client onboardings and technology implementations.
Role Description:
- Acquire knowledge of Derivative and Securities markets and processing environments with control. Process and validate trades, investigate and resolve trade-related breaks in accordance with the established work practices and procedures.
- Serve as first-level authorizer, Verifier / QA, and main contact for escalations. Respond to emails pertaining to those relationships and demonstrate the ability to resolve queries quickly and accurately.
- Closely work with various internal teams such as trade processing, Recon, custody, and FM to resolve any exceptions in a timely manner.
- Respond to and resolve client inquiries promptly. Perform root cause analysis to increase STP and reduce client inquiries.
- Strong understanding of Risk Management and should be able to manage issues exceptions above materiality thresholds for resolution.
- Partner with the technology strategy team to help identify internal and external facing technology improvement opportunities. Ensure all day-to-day queries are dealt with within required SLAs and escalate issues.
- Attend internal onshore partners meetings, usually via conference call, ensuring resolution of follow-up items. Partner with client service teams to help change client behavior where required to remove manual processes.
Required qualifications, capabilities, and skills:
- Experience or working knowledge of Derivatives on OTC products.
- Good background knowledge of client valuation process and all security types (Bonds, Equities, Commodities, and Indices, etc.) their accounting treatment, and Derivative experience.
- Excellent communication, interaction, and influencing skills. Comfortable interacting with and communicating to all levels of management.
- Quick learner and capable of grasping nuances of products and implications of their processing requirements.
- Partners well with peers, subordinates, managers, and LOB and functional partners (e.g., Risk, Technology, Operations, and Finance).
- Good time management and problem-solving skills.
Preferred qualification:
- Bachelor's Degree, preferably CA/ MBA (Finance)/CFA.
- Knowledge of digital tools e.g. Tableau, Alteryx.
ABOUT US J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals, and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
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. #J-18808-Ljbffr