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CIB Operations (Derivatives Ops) - Japan settlements and affirmations - Associate

Req #: 170107558
Location: Singapore, 01, SG
Job Category: Operations
Potential Referral Amount: 0 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

 
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
 
OTC Derivatives Operations supports a global and diverse client base. Primary functions performed: affirmation, settlement, client money daily segregation, credit event management, client valuations, regulatory reporting, and tax reporting.  Facilitate transaction execution via a ‘best in class’ systematic control framework, providing integration between risk systems (Athena, GPS, Kapital, Pyramid) and vendor platforms (DTCC / TIW / Markitwire / Thunderhead).
  • Manage a portfolio of 2.5M live trades
  • Monthly settlement of 600,000 payments (100% increase vs. 300,000 in 2010)
  • 70,000 Dodd Frank MTM and client valuation statements issued on a daily basis
 
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
 
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.
 
Job Description
 
The functions of this team include: drafting, affirmations and chasing of legally binding trade confirmations.
 
Summary of Responsibilities
  • Interacting with clients using Japanese language (written and spoken)
  • Ensuring that all payments are settled correctly and in a timely manner.
  • Resolving any outstanding breaks in the Nostro accounts.
  • Economic affirmation, chasing and drafting of trade contracts.
  • Participating in process improvement initiatives.
  • Ensuring that any issues are escalated to the team leader within an appropriate time frame.
Skills and Qualifications
  • Excellent relationship-building and time management skills.
  • Results-orientated.
  • Capability to prioritise.
  • Good team player.
  • Capacity to think laterally, solve problems and understand the big picture.
  • Ability to work under pressure.
 
Essential Experience:
  • Fluent Japanese language skills are a pre-requisite due to the mainly Japanese client base.
  • Experience in an operational / financial services / customer services environment.
  • Previous exposure to Derivatives, FX or Commodities settlements
  • Would suit someone looking for a flexible working opportunity

 

J.P. Morgan is a place for talented people from all backgrounds and perspectives because our clients come from all backgrounds and perspectives. We encourage a culture of inclusion, where everyone's opinion counts and all employees have the freedom to deliver their absolute best. This is why we work hard and invest in attracting and developing a diverse workforce. Learn more about our Business Resource Groups in how they help our employees build successful careers and reach their greatest potential.

 
 
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