Fund Servicing Associate II - Associate

Job Description

Leverage your unique background, experiences and skills to help innovate and add valueDiversity and Inclusion are the cornerstones of JPMorgan Chase s corporate culture. We recognize that we gain strength from a diverse workforce and embrace our differences. We are committed to a culture of openness and meritocracy, and believe in giving every individual an opportunity to succeed while bringing their whole selves to work. Every unique skill, perspective and experience is valued irrespective of background, age, disability, gender identity, ethnicity, religion or belief and sexual orientation. Different perspectives built on diverse experiences bring strength and creativity to our work and lead to the best solutions for our clients. If you re passionate, curious and ready to make an impact, we re looking for you to help us grow and position our businesses for the future.What to expect:Counterparty Reconciliation service is offered to clients including asset managers, pension funds and other institutional investors that are trading OTC derivatives as a component of their investment strategies. This service is also extended to funds that are trading on OTC & ETD derivativesCounterparty reconciliation acts as secondary control check to the positions booked by Trade Capture & are responsible for ensuring the client s books and records captured within accounting platforms remain synchronized with counterparty data received in TriOptima & investigate various types of reconciliation breaks/exception. This will also include

• Follow up with different brokers/vendor/client for timely resolution of reconciliation breaks/exception
• Interaction with the client on weekly/fortnightly basis to discuss outstanding items

About you:Were looking for highly-driven individuals with an interest in working in financial services and at JPMorgan Chase. Key components of the role will be:

• People & Stakeholder Management
• Drive root cause analysis for each break and implement innovative ideas to reduce number of breaks
• Perform reconciliation between Broker / Counterparty vs Client to ensure the client books are in line with respective brokers
• Detailed investigation of the breaks
• Liaise with external clients and counterparties for breaks resolution
• Attend Client calls in presence of onshore team to discuss the status of the breaks resolution & any other client request / issues
• Liaise with internal team for breaks resolution
• Provide MIS reporting on break status
• Provide weekly KPI information to management
• Ensure team meet designated deadlines in line with internal SLAs
• Proactive & transparent communication to all stakeholders relating to delivery
• Provide comprehensive error reporting when such instances occur, and evidence action plan to ensure any identified gaps are closed
• Undertake root cause analysis of regular breaks
• Escalate issues to designated parties to agreed timescales
• Identify process improvements to contribute to best practice
• to manage listed high-level activities to ensure we achieve the key milestones in a timely manner
• Identify process improvements to contribute to best practice
• Build robust controls to mitigate key risk in the process
• Project Management & Effective Communications

About your skills & experience:

• Previous experience of reconciliation
• Sound knowledge of basic accounting (ie. debits/ credits)
• Excellent communication, interaction and influencing skills
• Strong PC skills, particularly Excel
• An understanding of derivatives and fund accounting processes is a distinct advantage
• Knowledge of custody and settlement is an advantage
• A proactive approach to problem solving, taking ownership of issues and having the determination to follow things through
• Self-motivated, innovative, methodical and analytical
• Good prioritization and time management
• Flexible approach to hours and task allocation
• Good knowledge of risk and controls

About your qualifications:The candidate should have 7-8 years or more experience in a fund accounting and/or a good understanding of financial products and should have worked extensively in such areas with also experience in managing a team of more than 10 people and should preferably be a CA/MBA (Finance).Visit jpmorganchase.com/careers for upcoming events, career advice, our locations and more. J.P. Morgan is a marketing name for JPMorgan Chase & Co., and its subsidiaries worldwide. 2019 JPMorgan Chase & Co. All rights reserved. J.P. Morgan is an equal opportunities employer.,

Keyskills :
cmsproblem solvingfund accountingappliancesmis reportingpension fundsintelligent networksroot causehybrisj2eefinancial servicesfinancial productsroot cause analysisexternal clientsequal opportunitieshmc