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CIB-3PDP-Team Leader-Mumbai

Job Description

CIB - Third Party Derivatives Services
Description
 
Background
 
The purpose of the Derivatives Business is to provide Over the Counter (OTC) derivatives support to institutional clients, asset managers, hedge funds and insurance companies who have outsourced part or all of their operations to J.P. Morgan. Client scope will include all existing relationships including recent flagship deals. In addition the Utility will be supporting other groups within the WSS business in respect of derivative activity (e.g. the Derivatives Collateral Management product )
 
 
Core Services
 
Key components of the product will be:
 
·       Valuation - take-on of the client transaction and daily valuation across all derivatives (credit, equity and interest rate)
·       Lifecycle Management - trade maintenance, trade support
·       Management of Settlement - including resolution of breaks
·       Reconciliation Services - around valuation, cash and confirmation processes
 
Functional Organisation
 
The hub will be organised with the Business Executive, Business Development and OTC Valuation and Product Specialists based in London.  There is also a Program Office reporting to the Operations Head to support the strategic development of the operating models plus client on-boarding.
 
Valuation and Product Specialists will be responsible for market data capture and management, independent valuation and client interface in respect of valuation differences.
 
Operations will undertake transaction capture and maintenance, reconciliation, client reporting, client accounting, cash management, internal and external client management.


 

Qualifications
  
Counterparty reconciliations - Core Responsibilities
 
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
 
 
Core reconciliations - Core Responsibilities
 
Key components of the role will be:
 
Perform reconciliation between Fund Manager / Investment Manager vs Client to ensure completeness and Accuracy of Trade bookings.
  • Detailed investigation of the breaks
  • Liaise with external clients and counterparties for breaks resolution
  • Liaise with internal Fund Accounting, Client Service and Custody groups for breaks resolution
  • 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
 
 
Core Competencies
 
·       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 prioritisation and time management
·       Flexible approach to hours and task allocation
·       Good knowledge of risk and controls
 
 
Dimensions
 
·        Size and scale of transactions to be administered to be determined
 
Level and Experience
 
·       Relevant working experience in a Fund Manager/Fund Administration or Investor Servicing Company or other related business experience
·       Training or academic background in Derivatives / Investment / Settlements/Reconciliations or Mathematics


 

Req #: 160033031
Location: Mumbai, MH IN
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: Indian Rupee (INR)

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