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CIB - Transaction Processing Manager - Associate

Req #: 170114347
Location: Mumbai, MH, IN
Job Category: Operations
Job Description:
 
 

J.P. Morgan is a leading global financial services firm, established over 200 years ago:

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

o We have assets of $2.5 trillion and operations worldwide

o We operate in more than 100 markets.

o We have more than 243,000 employees globally.

Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.

Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.

J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.

 
 
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
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 is one of our largest locations within India. Finance is a passion here, and we’ve been respected in the city since 1922. Mumbai 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.
 
Job Description
DCO BAR Team: We own the MIS and regulatory reporting function for Global Derivative Operations & Futures/Options and Private Banking. As a centralized operations group, we cater to stakeholders across Back office and middle office to provide Operational risk metrics, performance and efficiency metrics, regulatory compliance reports and analytics. This is an exciting space for those who would love to work with data having an operations and business perceptive. It is a fast pace team constantly evolving its process to align with changes in reporting due to industry / regulatory changes, technology changes, internal management needs, and focus areas. The role provides opportunity to work with senior management across operation groups globally, project managers and our technology partners.
Summary of Responsibilities
  • Daily/ Weekly reports monitoring and publishing to senior management and operations group
  • Get involved in process improvements for better client experience & automation of reports generation.
  • Regulatory and control metrics to measure compliance with regulatory requirements
  • Investigation and resolution on internal queries on the reports and work with stakeholders on enhancements
  • Work closely with stakeholders on new reporting requirements, and with technology teams on changes to incorporate in reports
  • Providing analytics on the report with trends, root cause and business context
 
Skills and Qualifications
 
  • Bachelors degree with 5 years experience
  • Exposure to Derivative, IB Operations, Regulatory reporting will be an advantage
  • Inclination towards data analytics and automation
 
Would suit someone looking for a flexible working opportunity
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