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CIB Operations (Derivatives Ops) - OTC Operations Project Manager - Singapore - Associate

Req #: 180012952
Location: Singapore, 01, SG
Job Category: Operations
Job Description:
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
 
Derivative Operations provides operational support across the CIB covering eight key product areas including FX, OTC Derivatives, Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS with ~1,900 employees.  Services provided to our Businesses include:
  • Transaction Processing, Confirmation, Settlement and Clearing, Collateral Management, Client Service, Invoicing and CASS Support
  • Typical daily activity includes settling in excess of $217B via FX trading, leading a Markets OTC portfolio of 2.5M trades, servicing >200 3rd party clients, performing 10,000 margin calls, processing 470k cleared and intermediated trades and producing >9,000 invoices
 
OTC Derivatives Operations supports a global and diverse client base. Primary functions performed: affirmation, settlement, client money daily segregation, credit event management, client valuations, regulatory reporting, and tax reporting.  Facilitate transaction execution via a ‘best in class’ systematic control framework, providing integration between risk systems (Athena, GPS, Kapital, Pyramid) and vendor platforms (DTCC / TIW / Markitwire / Thunderhead).
  • Manage a portfolio of 2.5M live trades
  • Monthly settlement of 600,000 payments (100% increase vs. 300,000 in 2010)
  • 70,000 Dodd Frank MTM and client valuation statements issued on a daily basis
 
Happy to talk flexible working.
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
 
Singapore - A multicultural island-state, exotic and modern. A hub of finance and business. We’ve been here since 1964. It’s a great city to learn and grow, both professionally and personally. Singapore is a critical regional hub for us. Our Singapore Corporate Center in Changi opened in 2013, playing an important role as one of the firm’s critical Technology & Operations hubs around the globe. And we’re still investing. We get to work with many regional colleagues in countries such as Malaysia, Thailand and Indonesia. From Singapore, we offer various services ranging from investment banking to asset management. As a Center of Excellence, it’s also the hub for our regional technology, operations, compliance, cyber security and other services.
 
 
Job Description
 
The role in Singapore is within the Change Management team focusing on projects supporting the FX and OTC Derivatives asset classes and supporting the operations teams. The individual will focus on project management, business analysis and coordination of UAT for changes across these assets classes. The role will work closely to manage key stakeholders which include the Operations line teams, Trade support, Technology, Finance, Business management and global counterparts.
Summary of Responsibilities
 
  • Management changes on behalf of Derivative Operations
  • Perform business analysis, project management and co ordinate UAT and implementation for each project
  • Maintain standard project document
  • Communicate with stakeholder on analysis, project planning and status updates / reporting
  • Manage and track key risk and issues, escalating where needed
Skills and Qualifications
 
  • A qualification at Degree level
  • 4 plus years of experience of Derivatives or Currencies operations , project experience would be beneficial
  • Excellent oral and written communication skills
  • Strong proven analysis, problem solving and influencing skills  
  • A self-motivated team player with track record of delivery working to tight timeframes
 
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