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CIB - Reconciliation Manager -Vice President - Bangalore

Req #: 170116761
Location: Bangalore East, KA, 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.

Department Description:
Reconciliations Operating Unit  is responsible for the reconciliation and investigation of the firm's Nostro/Stock  
accounts held with overseas correspondent banks and JPMorgan branches, through a global operating model with teams based
in Philippines ,Bournemouth and Bangalore for different products in JPMC.  The department manages essential high risk day to day
Responsibilities in addition to participation in a number of firm wide and business specific initiatives.  Organizations supported by the
Group include the Corporate and Investment Bank as well as other Corporate functions.
Role Overview:
This position is within the Reconciliations team, who has responsibility for primary account controls, ensuring that all expected
Feeds are received for reconciliation, chasing up appropriately within set deadlines.  To complete the matching of exceptions,
Identification of breaks and onward referral to internal lines of business responsible for the resolution of breaks.
This is a very interesting, diverse and challenging role, with varied responsibilities across a wide range of operational activities. 
The role also supports key departmental change improvement projects/initiatives.
Key responsibilities:
Completion of daily and weekly control reports.
Driving continuous improvement and analysis of key statistics
The management and resolution of aged breaks, quality control and process improvement both internal and external.
Representation of the Reconciliations group globally on cross line of business meetings, fostering and maintenance of excellent
relationships with business partners
Involvement in key Reconciliations initiatives/deliverables as a subject matter expert, working with line of business partners
Providing effective and meaningful MIS to global stakeholders
Team management and Client Management
Responsible for career developments and performance feedbacks for team members / Associates.
  
 
Qualifications :
·         College degree and minimum 15 + years of Experience in Corporate Banking or Captive Banks or associated lines
·         Strong customer service focus and desire to provide service excellence
·         Strong interpersonal skills with the ability to communicate clearly
·         Self motivated, confident of ability, and able to work both alone and as part of a team. 
·         Methodical approach and attention to detail
·         Excellent organizational skills
·         Timely identification and escalation of issues
·         TLM experience helpful but not essential as training will be given. (Transaction Lifecycle Management)
·         Accurate and committed
·         Able to use own initiative
·         Excellent problem solving skills
·         Able to work under pressure to set deadlines
·         Knowledge of operational control processes including SLA's, SOP's and CSA's
 
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