Reconciliation Manager

Out of the successful launch of Chase in 2021, we’re a new team, with a new mission. We’re creating products that solve real world problems and put customers at the center - all in an environment that nurtures skills and helps you realize your potential. Our team is key to our success. We’re people-first. We value collaboration, curiosity and commitment. 

As a Reconciliation Manager - Treasury Operations at JPMorgan Chase within International Consumer Bank, you will have the responsibility for ensuring that the operations and settlement of business activities is carried out on a daily basis in line with JPMC and line of business policies and procedures. Individual members of the team are required to have a firm understanding of the products and information flows of the various systems, the reconciliation and substantiation tools and auditing standards. You should be analytical and have strong communication skills to coordinate the resolution of the transaction posting errors, breaks and reconciling items across various teams in the firm. The team must coordinate and collaborate extensively with finance, product owners, JPMC Ops teams and technology functions to fulfil their responsibilities. The Treasury Operations team will also manage suspense accounts and clear the transactions in each of the Suspense accounts in line with JPMC accounting policies and standards.

Job Responsibilities:

• Treasury Operations specialist will be responsible for timely and accurate settlement of JP Morgan’s settlement obligations. 
• Daily review of the reconciliations process, analysis of the reconciling items, investigation into the Firm’s books and records to identify the resolution, initiate action to resolve the items and complete necessary documentation and communication of the outcome. 
• Daily review of the sub-ledger reconciliations process, analysis of the reconciling items, investigation into the Firm’s books and records to identify the resolution, initiate action to resolve the items, and complete necessary documentation and communication of the outcome.
• Daily review of the settlement files received from the agents against the Firm’s books and records to substantiate the amounts against the agreed calculation mechanics and issue settlement instructions.
• Daily review of the feeds from the line of business to the banking platform for the booking of fees and charges to ensure the accounting is in line with the accounting schema agreed by the business.
• Production of necessary reports on a periodic as well as ad-hoc basis required by the regulatory requirements and for distribution to senior management.
• Responding to audit queries from external and internal auditors, providing necessary audit trail and documentation to support the work performed.
• Acting as a point of contact for Finance and Product teams
• Work on building new processes as diverse products are added on an on-going basis.
• Work on creating SMEs within the team to eliminate the risk of key man dependencies.
• Fulfil payments on a daily basis to 3rd parties, as needed.

Required qualifications, capabilities and skills: 

• Relevant knowledge and experience, ideally in a back office, middle office, operations or similar function of a banking/financial services organization for 8+ years.
• Knowledge and understanding of banking platforms, reconciliation tools, payments and systems
• Experience in  Reconciliations /Payments  / Treasury Operations dealing with operational process, controls and problem solving.
• Knowledge on SWIFT, Payment flows and reconciliations of payment transactions
• Basic knowledge of accounting principles and processes
• Diverse product knowledge, with an ability to develop an understanding of new products
• Ability to work under considerable time pressure, whilst maintaining a high level of accuracy and quality
• Excellent communication and organizational skills
• Strong analytical skills to analyze the information, identify the problems, and work towards finding the solutions
• Ability to multi-task and deliver against tight deadlines
• Strong team Player, has ability to partner and influence across businesses and other support groups

Preferred qualifications, capabilities and skills:

• Control focus and mind-set at all times, whilst respectively challenging the status quo
• Attention to detail whilst being cognizant of materiality levels
• Client focused and able to deliver on complex tasks 
• Facilitate problem solving & collaboration 
• Excellent time management and prioritization skills and highly result oriented 
• A relevant degree, accounting, or financial qualification would be beneficial.

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. 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.