J.P. Morgan
Derivative Operationsprovides 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
GDOsupport four main OTC derivatives services:
- NAV Support – instruction capture and processing client provided valuations / cash flows; reconcile to the fund manager
- Independent Valuations – instruction capture, generate in-house/ source TPV valuations and cash flows; reconcile to the fund manager/ counterparties; standard reporting
- Middle Office – same service as Independent Valuations plus confirmation/ settlement management
- Asset Verification – As a utility to T&F, produce Independent Asset Verification of OTC/FFX & CFD trades
Job Description
As a member, you will be responsible for accurate and timely input of derivative trades based upon instructions received from the clients/Fund Managers and will also be responsible to maintain economic trade data required for processing, valuation and reconciliation of our client derivatives portfolio into various GDO systems
We work in a very dynamic environment and you will be expected to keep up with regular client on-boardings and technology implementations.
Key Objective of the Role:
- Input and maintenance of all the OTC trades within our strategic systems.
- Set up and maintenance of all derivatives data within our strategic systems.
- Involvement in new client/ fund on-boarding and/or new products.
- Managing the daily production co-coordinator’s checklist to ensure all sign-offs go on time, accurate & with a reliable source.
- To ensure enough controls are put in place to achieve the above.
- Managing more than one project and have an oversight of the entire project.
Core Competencies:
- Experience or working knowledge of Derivatives on OTC products.
- Good background knowledge of client valuation process and all security types (Bonds, Equities, Commodities, and Indices etc) their accounting treatment and Derivative experience desirable.
- Excellent communication, interaction and influencing skills. Comfortable at interacting with and communicating to all levels of management.
- Quick learner and capable of grasping nuances of products and implications of their processing requirements..
- Partners well with peers, subordinates, managers, and LOB and functional partners (e.g., Risk, Technology, Operations, and Finance).