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CIB Operations (Derivatives Ops) - Global Clearing Treasury Operations - Singapore - Professional

Req #: 180037643
Location: Singapore, 01, SG
Job Category: Operations
Potential Referral Amount: 0 US Dollar (USD)


Business Description:        
 
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
 
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
 
Open to talk flexible working.
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.
 
Singapore – a multicultural island-state, exotic and modern. A hub of finance and business. We’ve been here since 1964. It’s a great city to learn and grow, both professionally and personally. Singapore is a critical regional hub for us. Our Singapore Corporate Center in Changi opened in 2013, playing an important role as one of the firm’s critical Technology & Operations hubs around the globe. And we’re still investing. We get to work with many regional colleagues in countries such as Malaysia, Thailand and Indonesia. From Singapore, we offer various services ranging from investment banking to asset management. As a Center of Excellence, it’s also the hub for our regional technology, operations, compliance, cyber security and other services.
 
Position Description:
 
The cash/funding group’s primary responsibility is to ensure that Exchange margin requirement is met accurately and promptly. JP Morgan is a clearing member for most of the Exchanges Globally.
 
This role is focused upon derivative Exchanges Globally. It is helpful that the candidate has some knowledge of the majority of these markets.  The Singapore Regional Operations Centre (ROC) will be JP Morgan’s preferred hub for a wide range of operational support for our listed derivatives business.  Any candidate should have some understanding of the funding requirements and cutoffs.
 
The Specialist is responsible for ensuring that:
 
  • He/she has some knowledge of the products and the exchange rules covered by the team and is aware of the functions of the global business
  • He/she should be a point of contact for the group from ASIAPAC strategic standpoint.
  • All funding requirements/margin calls are processed accurately and promptly both at the exchange and within the internal clearing system
  • All FX for restricted currencies are performed accurately and timely
  • He/she should be aware of the appropriate escalation procedures when issues are raised
  • He/she reviews and checks production output from a control aspect
  • Processes are reviewed regularly and where possible make suggestions for greater efficiency
  • All procedures are kept up to date and easily accessible
  • Any ad hoc requests/queries of the team are dealt with in an appropriate manner
Essential Skills:
 
A Specialist should possess the following skills:
 
  • F&O Knowledge – (some Market & Product Knowledge for ASPAC markets would be advantageous)
  • Excellent Client focus and Customer care working practices
  • Flexible attitude towards working hours due to the demands of the working place
  • Strong intellectual curiosity for process improvements
  • Good written and verbal communication skills
  • Able to work accurately and effectively under pressure
  • Strong time management skills required to meet the many internal and external deadlines
  • Good PC skills
  • Excellent attention to detail
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