Asset Management, GWM, Trade Settlement, Associate (Newark, DE)
Job Description
About JP Morgan Asset Management
J.P. Morgan Asset Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
Position Summary:
The Trade Settlements Manager in Private Bank Operations is responsible for supporting all processes within the life cycle of a securities trade. You will support multiple security types – equities, fixed income, FX and physicals – in domestic and global markets. In this role, you will work in a team environment supporting a variety of other areas within the firm such as Front Office, Middle Office, Client Service, Custody, and Operations.
Core Responsibilities:
• Manage a team of 4-7 individuals in Delaware
• Accurate verification and execution of all trade instructions received by internal partners within established service level agreements.
• Settlement and proof of over 10,000 trades each business day.
• Review, monitor and action against daily break, fail and control reports
• Timely completion of cancellation and correction requests.
• Respond promptly and accurately requests & inquiries from the Front Office, Client Service, Custodian and external brokers.
• Adhere to established process controls, and escalation policies.
• Proactively focus on issues and deliver sound recommendations for process improvement.
• Participate in Global Wealth Management initiatives/projects as well as those created within the Settlements team.
• Document procedures and process flows, and ensure they are kept accurate.
• Ability to work in a high-pressure, deadline-driven environment while managing changing workload volumes.
• Strong analytical and problem solving skills to assist in resolving complex issues and inquiries.
• Exceptional professional verbal and written communication skills.
• Attention to detail and a strong control focus.
• Series 99 required within 120 days of hire
Preferred Experience/Skills
• Knowledge of securities industry and back office operations (e.g. options, equities, fixed income, physicals, custody services, etc.)
• Strong mainframe and desktop/PC skills. Proficiency with macros is a plus.
• Ability to analyze a process and recommend ways to improve quality, control, and efficiency
