JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .
J.P. Morgan is a place for talented people from all backgrounds and perspectives because our clients come from all backgrounds and perspectives. We encourage a culture of inclusion, where everyone's opinion counts and all employees have the freedom to deliver their absolute best. This is why we work hard and invest in attracting and developing a diverse workforce. Learn more about our Business Resource Groups in how they help our employees build successful careers and reach their greatest potential.
Derivatives Operations provide operational support to Markets, Investor Services and Banking businesses across the CIB. Key product areas include Currencies, OTC Derivatives, Collateral Principal, Global Clearing, and Trading Cost Management with a global team of ~1400 colleagues. Services provided to our Businesses include:
Typical daily activity includes settling in excess of $2TRN via FX trades, leading a Markets OTC portfolio of 3M trades, managing collateral balances in excess of $350BN and processing ~700K cleared and intermediary trades
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
Ensuring that all payments are settled correctly and in a timely manner.
Resolving any outstanding breaks in the Nostro accounts.
Establishing an excellent relationship with both internal and external clients.
Participating in process improvement initiatives.
Ensuring that any issues are escalated to the team leader within an appropriate time frame.
The functions of this team include: pre-confirmation of settlements, payment release, the maintenance of client & business reference data, post settlement investigation and the affirmation, drafting and chasing of legally binding trade contracts.
Excellent relationship-building and time management skills.
Superlative interpersonal and communication abilities.
Excellent problem solving skills.
Capability to prioritise.
Good team player.
Capacity to think laterally and understand the big picture.
Ability to work under pressure.
Japanese language skills are a prerequisite due to the Japanese client base.
Experience in an operational / financial services / customer services environment preferred.
Previous exposure to Derivatives, FX or Commodities settlements would be an advantage.
A finance or business degree holder
The successful candidate will be working in Asia-Pacific Client Services based in Singapore, primarily supporting Japanese clients.
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.
Internal Number: 5871372
About J.P. Morgan
eFinancialCareers is a career site specializing in financial services.