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CIB Operations (Derivatives Ops) - Cleared Derivatives Clearing - Singapore - Professional

Req #: 180005742
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
Global Clearing Operations supports Clearing, Reconciliations, Middle Office, F&O House Ops, Expiries & Deliveries, Settlement, Brokerage, Client On-boarding, Client Money, Regulatory Reporting, Static Data Management and Position Management.
  • JPM is the 2nd largest Futures Commission Merchant based on Client Assets
  • Processes ~750,000 cleared and intermediated trades daily
  • Provides clearing at 62 global Clearing Houses
  • Settled USD equivalent 24.3Bn in physical deliveries Q1 2016
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.
Position Description:
The Middle Office group’s primary responsibility is to provide an efficient service and query resolution for all exchange-traded derivatives and OTC products to both internal and external clients of JP Morgan. JP Morgan is a clearing member on 60 Futures & Options exchanges globally and is rapidly expanding its OTC offering under our CIB group.  This role is primarily focused upon derivative products. These include Fixed Income Securities, Equities, FX & Oil, Gas, Metals, Metals and Agricultural. It is helpful that the candidate has some knowledge of the majority of these markets. The person should have some understanding of the physical delivery of contracts including fixed income, equity & commodities.  This role would suit someone looking for a flexible working opportunity.
Services include:
  • Primary point of contact for all OTC bookings, and risk and limits resolution
  • Supporting clients through the post-trade lifecycle of all trades, including settlements, exercise/assignment activities and physical deliveries
  • Understanding client trades for fixed income, money market, foreign exchange, commodity and equity-related futures and options on exchanges worldwide;
  • Understanding our OTC client coverage across the FX, Rates and CDS products.
  • Providing operational information about client’s transactions in flexible and responsive electronic or paper formats.
The Specialist is responsible for and/or ensuring that:
  • He/she is building strong relationships with all clients and offering an optimum client experience across all product groups;
  • He/she has extensive knowledge of the products and the exchange rules covered by the team and is aware of the functions of the whole team
  • He/she should be an important point of contact for the group from client relationship point of view
  • All trade and position breaks are escalated in a timely basis
  • He/she should be aware of the appropriate escalation procedures when issues are raised
  • He/she reviews and checks production output from a control aspect
  • Processes are reviewed regularly and where possible make suggestions for greater efficiency
  • All procedures are kept up to date and easily accessible
  • Participating in and contributing to UAT, global projects and initiatives
  • Any ad hoc requests of the team are dealt with in an appropriate manner
  • All communications to clients and internal stakeholders are always clear and concise

Essential Skills:
A Specialist should possess the following skills:
  • F&O Knowledge – (some Market & Product Knowledge for North American & European markets would be advantageous)
  • OTC knowledge – experience across the IRS, FX or CDS businesses would be beneficial
  • Ability to assimilate information quickly and accurately, whilst remaining focused on ‘the big picture’
  • Excellent Client focus and Customer care working practices
  • Flexible attitude towards working hours due to the demands of the working place
  • Strong intellectual curiosity for process improvements
  • Good written and verbal communication skills
  • Able to work accurately and effectively under pressure
  • Strong time management skills required to meet the many internal and external deadlines
  • Good PC skills
    Desirable Qualities & Competencies
  • Builds Customer Loyalty & Confidence:
    • Responsive and value adding
    • Delivery orientated and closes issues
    • Sound Judgement

  • Demonstrates Client Empathy
    • Knowledgeable
    • Understands the business and the clients motivational drivers
    • Excellent communication skills

  • Communicates Effectively
    • Accurate
    • Excellent written and verbal skills
    • Networks to establish effective delivery.

  • Demonstrates Stress Management Ability
    • Has perspective and can see issues and goals from different angles and levels.
    • Composure, listens and manages the conversation, offers support
    • Identifies the root causes and takes action

  • Demonstrates Excellent Team Working Skills and Personal Motivation
    • Quick learner, open approach, respectful
    • Energetic, self motivated and can motivate others
    • Keen to initiate and try new smart working ideas

  • Reliable, Loyal and Professional
    • Takes ownership and demonstrates commitment
    • Etiquette, integrity and understands diversity

  • Demonstrates Problem Solving and Organisational Skills
    • Anticipates, analyses, decisive and closes problems
    • Continually learns, organisational and industry.
    • Continually improves the process 
    • Tracks issues and organises.
    • Escalates issues in a timely manner
      Would suit someone looking for a flexible working opportunity
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