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CIB - Transaction Processing Supervisor - Team Leader

Req #: 180007410
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.

 
Fixed Income Marketing Middle Office
 
The team
 
The Regulatory Support and Control team is a dedicated group of internal and client facing resources that are focused on delivering against large scale change initiatives that span across business units to address Industry, Business and Client requirements across the Markets Operations organization. The team provides a unique mix of project skills and product experience that are not tied to a specific business unit enabling it to provide a consistent, high-quality and responsive approach to the way we manage and execute change across the Corporate and Investment Bank.
In addition the team is responsible for regulatory reporting for the Credit business –both under CFTC and EMIR, from both a BAU and initiative perspective.
 
The Role: Associate
 
A high profile role, the Fixed Income Marketing middle office is looking for an associate to take up a role in the Regulatory Support and Control team, interfacing both internally and externally with clients, to ensure that JP Morgan and its clients are able to understand and meet the ongoing regulatory requirements that arise from Dodd Frank, EMIR and other bodies.
 
Leading by example and driving others on, you will need to assume a strong regulation and infrastructure knowledge to ensure a first class service to salespeople, clients and other internal stakeholders. The ability to be flexible and work with different teams to solve complex problems and to bring issues to closure will be critical.
As part of the role you will need to effectively partner with numerous teams such as FO (Trading, Sales, and business management), Sales Support, Legal, Compliance, Middle Office and IB wide PMO teams on a daily basis.
Some of the specific responsibilities in the role are the following;
 
  • Reference Data and other BAU queries:
    • Devising efficient, standardised processes to track onboarding of clients to regulatory protocols
    • Dealing with internal and external queries in relation to regulatory protocols, providing a central point of contact
    • Assisting  in education around the decision trees for regulatory requirements to trade with various counterparties
    • Extensive interaction with Front Office (Sales and Trading), Compliance, Business Management, Legal, Credit Risk, Operations and Technology teams
    • Participate in regular internal meetings to review upcoming initiatives and priorities
    • Manage client outreach initiatives
       
 
Current ongoing initiatives are;
 
  • MIFID/MIFIR
  • EMIR client classification and clearing obligation
  • Non Cleared Derivative Margin rules
  • SEC Transaction Reporting and External Business Conduct Rules
  • CTFC and EMIR Transaction Reporting
 
Required Experience
  • Previous investment banking experience required
  • Experience and strong product knowledge of Fixed Income and Commodity derivative products (3 to 5 years experience preferred)
  • Previous experience in a regulatory role
  • Experience in managing initiatives/ projects
  • Client interaction in a previous role
  • Understanding of client reference data desirable
  • Regulatory reporting experience desirable
     
    Other role requirements
  • Excellent delivery record in previous roles, ability to manage changing priorities and high volume processes
  • Experience of OTC derivative processing/lifecycle, in one or multiple asset classes
  • Excellent communication and presentation skills, at all levels
  • Strong influencing and negotiation skills
  • Good organisational skills
  • Excellent teamwork skills
  • Have a proactive, focussed approach, looking at continuous ways to improve the control and operational environment.
  • Strong PC skills e.g. Excel, PowerPoint
  • Strong risk and controls awareness, attention to detail
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