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CIB - Transaction Processing Supervisor - Team Leader

Req #: 180016522
Location: Bangalore East, KA, IN
Job Category: Operations
Potential Referral Amount: 20000 Indian Rupee (INR)

J.P. Morgan is a leading global financial services firm, established over 200 years ago:

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

o We have assets of $2.5 trillion and operations worldwide

o We operate in more than 100 markets.

o We have more than 243,000 employees globally.

Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families. Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.

J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.

Derivative Operations provides 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
Global Clearing Operations supports Clearing, Reconciliations, Middle Office, F&O House Ops, Expiries & Deliveries, Settlement, Brokerage, Client On-boarding, Client Money, Regulatory Reporting, Static Data Management and Position Management.
  • JPM is the 2nd largest Futures Commission Merchant based on Client Assets
  • Processes ~750,000 cleared and intermediated trades daily
  • Provides clearing at 62 global Clearing Houses
  • Settled USD equivalent 24.3Bn in physical deliveries Q1 2016
    Job Description
  • A part of DCO team which is responsible for providing 24 hr support functions globally for the client facing teams of the Futures & Options and OTC Clearing and F&O business of the bank. It provides support to in-house and client trading floors by way of risk management, reference data management, MIS reporting and analysis.
  • Payments related to Margin, fees and Commissions at Entity & Currency level.
  • Nostro Reconciliations for all cash movements Liaising with the counterparts on a regular basis
  • Adherence to controls and compliance requirements
  • Client Onboarding to various trade flow systems for FX and CDS Prime Brokerage
  • Limits set up and maintenance on various ECN trading platforms like Reuters, EBS etc.
  • Reference data maintenance on various front end systems
  • NOP Limit data maintenance for CDS and FX PB Clients
  • Reporting and Analysis, Query handling and projects
  • Establishing and maintaining excellent relationships with the Business partners as well as the people in the Client support groups
  • He/she performs daily/monthly activities for Brokerage clients/Brokers by generating invoices and sending to Brokers/clients for payment collection.
  • He/she performs daily/monthly activities for Brokerage by reconciliation of invoices and processing payments to Brokers.
  • He/she needs to quickly gets familiar with the Payment & billing procedure for invoices
Summary of Responsibilities
  • Execute BAU tasks Assigned
  • Take lead on process improvement and automation
  • Ability to manage assigned tasks independently with a little or no supervision
  • Have a control mindset and be alert to issues, risk that have impact on process or to the organization
  • Team Management and an initiator, whereever required
Skills and Qualifications
  • Graduate with atleast 4+ years of experience, preferably in back office operations
  • Good computer skills ( MS Excel, Word, PPT, Outlook etc)
  • A fair understanding of the financial services industry, products and processes
  • Good communication skills, ability to articulate processes, issues to a wide range of stakeholders without ambiguity
  • Strong time management and prioritization skills
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