JPMorgan Securities Services Operations Depositary 

India, Telangana, Hyderabad 

592002053

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 derivatives for all non - custody assets

Counterparty 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:

Key components of the role will be:

• 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 SLA's
• 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

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 2-3 years or more experience in a fund accounting/ worked in financial products.