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Brexit Ops Projects - INDIA Assoc - Deriv Ops - FX Processing

Req #: 170101070
Location: Mumbai, MH, IN
Job Category: Operations
Job Description:
Job Description: Change Management – Mumbai (Associate)
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
Currencies Operating primary functions supported covered by the 200+ strong group include; Payment processing and controls, confirmation drafting issuance and matching, client service, economic affirmation, onboarding to electronic platforms, client money novation, regulatory governance and change management.
  • Service over 60,000 clients with over 400,000 discrete accounts
  • Manage payments to 135 different countries, Transact in 113 different currencies, out of 35 JPM entities
  • Manage > $2Trn of gross settlements on 500,000 transactions, in over 100 different products daily
  • Direct businesses supported generate >$4Bn of annual revenue
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: Mumbai
Mumbai is one of our largest locations outside of the United States. Finance is a passion here, and we’ve been respected in the city since 1922. Bengaluru is one of India’s most attractive cities with beautiful parks, avenues and impressive buildings. Parts of the city are amongst the most modern and westernized areas of India. We have seven sites in Mumbai, and each one offers private canteens, large break rooms and state-of-the-art facilities. Our teams here are business drivers. You can join them as you learn and grow. Join us, and you too can be part of it.
Role Overview:
  • Role will be based in Mumbai and will be responsible for managing xAsset initiatives, strategy & change across the organization.  Priorities will include providing support and thought leadership to 8 product lines, ensuring consistency & optimization of xAsset technologies and partnering closely with technology, UX designers, product teams and Ops partners to achieve results.
  • XAsset initiatives include both tech and ops driven agendas designed to improve our operational performance, client experience, risk and controls and operating model.  By design, the role is non-routine and creative in nature.  
  • The team is global with representation expanding across the operational footprint.  Team members are required to operate in a dynamic working environment and a multifaceted governance model – operating in a lead capacity by region, product and over-arching work-streams.
Summary of Responsibilities
  • Stakeholder management across region and product lines
  • Partnering closely with product leads to determine delivery approach and priority areas. 
  • E2E execution and implementation of Workstreams under management
  • Maintain and build excellent relationships across Derivatives & Currencies Ops, as well as across other CIB CAO organizations, Technology, and Product Managers. Work in partnership with these teams to achieve results.
  • Demonstrate thought leadership and contribute to solutions that will impact decision making and help steer the strategic direction of the organization.
Skills and Qualifications
  • Commerce graduate with MBA in Finance or other relevant steams preferred.
  • 7-10 years of background in OTC Derivatives and/or Currencies. Knowledge of Markets and Investor Services Operations is preferable
  • 3+ years work experience in Change/Project Management and / or Business Analytical Skills would be an advantage
  • Strong numerical & creative thinking skills
    • A self starter, requiring limited supervision.
    • Strong relationship building & networking skills
    • Ability to demonstrate strong leadership skills and initiate change
    • Confident decision making skills with the ability to articulate supporting rationale
    • Ability to prioritize work in a pressurized environment
  • Strong IT and Microsoft Excel skills are required
    • Well organized with great attention to detail
    • Good project management skills
    • Team player
    • Good communication skills, with the ability to face-off to various levels of management
    • Consistent track record of strong performance
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