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CIB - Transaction Processing Supervisor - Team Leader

Req #: 180015410
Location: Mumbai, MH, 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.

System Controls & Reconciliation
Team is part of the Middle office structure under Markets& supports various system controls for Rates, Equities & Credit Middle Office to ensure our Sale team bookings are consistent in the system infrastructure. This control is across various lifecycle events meant to check accuracy, improve STP & efficiency in the system flow by continuous improvement projects run by the team.
  1. Controls:
  • Execute the T+1 control reconciliations associated with the process and resolve discrepancies, if any.
  1. Investigations:
  • Execute T+1 control AFR reconciliations associated with the process and resolve discrepancies, if any.
  • Investigate the root cause & reach out to technology partners as well as respective Location Middle Office, Marketing Support teams, Risk Management teams and amend Data Management Application for details validated through the investigation in the process.
  • Complete ownership of end-to-end processing of reconciliation output & timely escalation of issues. Thorough follow-up till the issue is resolved if the fix is outside the team’s span of control.
  1. MIS & Data Management:
  • Ensures that data is available to run the various reconciliation engines & logics are in place to reflect the true genuine breaks for investigation & subsequent escalation of key issues.
Generate daily / weekly/ monthly reports and circulate to stakeholders of the Global Recipient.
Team has established processes in place & due to the dynamic nature of the business; it’s expanding its foot print into periphery controls enhanced in the present reconciliations.
We are looking to hire high potential individuals with the flair for change as Team Leader to fulfill the following responsibilities across levels
502- Team Leader
  • Bachelor’s Degree with more than 5 years of experience
  • PC Literate MS Excel/ Word/ Access required. Strong MS Excel skills a must.
  • Proficiency in written & spoken English
  • Product –
    • Interest Rate Swaps, Basis Swaps, OIS, Options, Inflation Swaps & Exotics.
    • Credit Default Swaps, Distressed Bonds, Index Swaption & trade life cycle events in Credit products desired.
  • Process –
    • Understanding of Interest Rate Derivative / Fixed Income Trade life cycle of a trade.
    • Good understanding of the control environment. Has risk and control awareness.
    • Prior Reconciliation, Trade Support/trade processing and or Middle office exposure preferred.
  • Skill set -
    • Positive can do attitude, appetite for success.
    • Effective verbal/ written communication skills.
    • Self motivated individual, displays initiative.
    • Attention to detail.
    • Analytical mindset and ability to solve problems independently to resolution.
    • Executes tasks with commitment & reliability.
    • Questioning mind: Aptitude to distinguish efficiencies and inefficiencies in the process.
    • Time management.
    • Ability to work through a changing environment – flexible & adaptable.
      Shift Timings
  • Primary Coverage- 1:30 pm to 10:30 pm IST. Cross regional coverage to be provided. Ability to work stretch hours in case of business requirement.
  • Travel: Flexibility for travel to region (APAC / EMEA / Americas) for period of 2-3 months within short notice in case of business requirements.
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