Salary: Negotiate

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JPMorgan Chase is a leading financial services firm with a history spanning over 200 years. Join our team to build your career in a culture that values innovation, creativity and excellence.”

Securities Services Operations provides operational support across the CIB covering Fund accounting, Custody Middle office, financial reporting, Client Account Service, Client billing operations, Asset servicing and Network management.

Third Party Derivatives support four main OTC derivatives services:

  • NAV Support – instruction capture and processing client provided valuations / cash flows; reconcile to the fund manager
  • Independent Valuations – instruction capture, generate in-house/ source TPV valuations and cash flows; reconcile to the fund manager/ counterparties; standard reporting
  • Middle Office – same service as Independent Valuations plus confirmation/ settlement management
  • Asset Verification – As a utility to T&F, produce Independent Asset Verification of OTC/FFX & CFD trades

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Location Description

BGC, Manila, Philippines

Job Description

As a member, you will be responsible for timely and accurate deliver of NAV to the FA for final release to the client. The role requires sound understanding of derivatives and managing a team ensuring accurate and timely booking of trades based on instructions received from client, 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 on-boardings and technology implementations.

Key Objective of the Role:

  • 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 ability to resolve queries quickly and accurately
  • Work with various internal teams such as trade processing, Recon, custody and FM to resolve any exceptions on a timely manner.
  • Respond to and resolve client inquiries on a timely manner.
  • Perform root cause analysis to increase STP and reduce client inquiries.
  • Partner with client service teams to help change client behavior where required to remove manual processes.
  • Strong understanding of Risk Management and should be able to manage the issues exceptions above materiality thresholds for resolution
  • Partner with technology strategy team to help identify internal and external facing technology improvement opportunities.
  • Ensure all day to day queries dealt with within required SLAs and escalate issues .
  • Follow JPMorgan’s established processes and procedures; Look to modify / iterate processes and procedures to continually improve accuracy, reduce redundancy, and mitigate risk
  • Perform EOD process to ensure all deliverables were met timely and accurately and that exceptions are appropriately noted.
  • Attend internal onshore partners meetings, usually via conference call, ensure resolution of follow up items
  • Active involvement in projects within the team

Skills and Qualifications

Qualifications

  • Key Skills and Knowledge
  • Graduate 6-7 years of experience / CA/ MBA (Finance)/CFA.
  • Must be able to work under pressure and make accurate decisions in stressful situations.
  • Client focused
  • Good time management skills
  • Control Oriented
  • Proactive, positive approach
  • Able to grasp/learn concepts and procedures quickly
  • Ability to work independently
  • Problem solving skills
  • Attention to detail

Core Competencies:

  • 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 desirable.
  • Excellent communication, interaction and influencing skills. Comfortable at interacting with and communicating to all levels of management.
  • Quick learner and capable of grasping nuances of products and implications of their processing requirements..
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    Deadline: 31-03-2024

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