Trade Lifecycle Analyst - Team Leader

CIB – Global Derivatives Operations 

Description

Background

The purpose of the Derivatives Business is to provide Over the Counter (OTC) derivatives & Contract For Difference (CFD) E2E support to institutional clients, asset managers, hedge funds and insurance companies who have outsourced part or all of their operations to J.P. Morgan. Client scope will include all existing relationships including recent flagship deals. In addition the Utility will be supporting other groups within the CIB in respect of derivative activity (e.g. the Derivatives Collateral Management product )

Core Services

Key components of the product will be:

·       Valuation - take-on of the client transaction and daily valuation across all derivatives (credit, equity and interest rate)

·       Lifecycle Management - trade maintenance, trade support

·       Management of Settlement - including resolution of breaks

·       Reconciliation Services - around valuation, cash and confirmation processes

Functional Organisation

The hub will be organised with the Business Executive, Business Development and OTC Valuation and Product Specialists based in London.  There is also a Program Office reporting to the Operations Head to support the strategic development of the operating models plus client on-boarding.

Valuation and Product Specialists will be responsible for market data capture and management, independent valuation and client interface in respect of valuation differences.

Operations will undertake transaction capture and maintenance, reconciliation, client reporting, client accounting, cash management, internal and external client management.

Qualifications

Reconciliations - Core Responsibilities

Key components of the role will be:

Perform reconciliation between Fund Manager / Investment Manager vs Client to ensure completeness and Accuracy of Trade bookings and perform reconciliations between Custody and Accounting 

• Detailed investigation of the breaks
• Liaise with external clients and counterparties for breaks resolution
• Liaise with internal Fund Accounting, Client Service and Custody groups for breaks resolution
• Liaise with internal team for breaks resolution
• Provide MIS reporting on break status
• Provide weekly KPI information to management
• Ensure team meet designated deadlines in line with internal SLA's
• Proactive & Transparent communication to all stakeholders relating to delivery
• Provide comprehensive error reporting when such instances occur, and evidence action plan to ensure any identified gaps are closed
• Undertake root cause analysis of regular breaks
• Escalate issues to designated parties to agreed timescales

Core Competencies

·       Previous experience of reconciliation

·       Sound knowledge of basic accounting (ie. debits/ credits)

·       Excellent communication, interaction and influencing skills

·       Strong PC skills, particularly Excel

·       An understanding of derivatives and fund accounting processes is a distinct advantage

·       Knowledge of custody and settlement is an advantage

·       A proactive approach to problem solving, taking ownership of issues and having the determination to follow things through

·       Self motivated, innovative, methodical and analytical

·       Good prioritisation and time management

·       Flexible approach to hours and task allocation

·       Good knowledge of risk and controls

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.