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CIB Ops-Transaction Processing Manager- Brooklyn

Req #: 180022182
Location: Brooklyn, NY, US
Job Category: Operations
Potential Referral Amount: 0 US Dollar (USD)
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
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
Billing Operating Unit supports the end to end Billing process for the Global business units within CIB Banking, Markets and Investor Services.  Support CIB clients, globally, who use the Treasury Services, Custody, Accounting, Fund Administration, Investment Analytics, Trust & Fiduciary, Transfer Agency, Prime Brokerage, and OTC suite of products.  Primary functions include account and product setup, validation of data inputs into the core billing applications, invoice production, validation & delivery.
  • Over $3.7Bn in fees are billed annually to over 130,000 billing relationships in 29 countries
  • Over 150 products supported by over 3,000 service codes & hundreds of price points
  • Over 2.4 million statements and invoices are produced annually
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Location Description
Brooklyn. We’re based in the MetroTech building, which is also home to New York University’s Center for Urban Science and Progress, and other organizations. As one of our strategic hubs, employees here enjoy state-of-the-art facilities and technology. At the heart of MetroTech‘s 16-acre complex is the Commons, a 3.5-acre open space that hosts events including concerts, health fairs, film screenings, and holiday celebrations. Last year, Brooklyn employeesvolunteered 17, 290 hours. Our Brooklyn teams cover nearly every business line, from Asset Management to Commercial Banking. Over 5,000 employees work here. If you want the excitement of working in New York while enjoying a strong community vibe, come to Brooklyn.
Summary of Responsibilities
  • Accounting liaison to Prime Broker, Prime Broker Fixed Income, Prime Broker Prime Custody and Electronic Client Solutions businesses.
  • Ensures that Clearance, Execution, Liquidity, related fees and expenses are reconciled, allocated and recovered according to signed agreements.
  • Prepares weekly and monthly metrics utilizing Excel  and other proprietary tools
  • Perform daily and monthly account reconciliations
  • Manipulate data using Excel Pivot tables, Vlookup’s, Sum ifs, etc. to streamline various reports and billing products
  • Recommends and implements enhancements to improve effectiveness and efficiency of services and systems
  • Maintains and reviews revenue and expense generated from client trading activity.
  • Ensures timely processing and generation of client invoicing/reporting. 
  • Perform month-end close functions, trend and trading activity analysis. Investigating any unusual variances and prepares management reports.
  • Interacts and has confident ability to communicate effectively with our clients, and Line of Business teams within Sales, Marketing, and Middle office.
  • Manage projects and other department initiatives as required
  • Update and maintain operating manuals as needed
Skills and Qualifications
  • BA, Accounting or Finance
  • General business knowledge of the Securities Industry
  • Highly Proficient in Excel
  • Analytical, problem solver
  • Ability to multitask and meet required deadlines
  • Must be organized and have excellent prioritization skills
  • Excellent communication and presentation skills
Would suit someone looking for a flexible working opportunity
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