CIB_ Trading Services Associate II _Associate Job Vacancy in JPMorgan Chase Bank, N.A. Mumbai, Maharashtra – Updated today
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Company Name : JPMorgan Chase Bank, N.A.
Location : Mumbai, Maharashtra
Position :
Job 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
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
Mumbai – Mumbai is one of our largest locations outside of the United States. Finance is a passion here, and we’ve been respected in the city since 1922. Mumbai is one of India’s most attractive cities with beautiful parks, avenues and impressive buildings.
Parts of the city are amongst the most modern and westernized areas of India. We have seven sites in Mumbai, and each one offers private canteens, large break rooms and state-of-the-art facilities. Our teams here are business drivers. You can join them as you learn and grow. Join us, and you too can be part of it.
Job Description
The focus of Confirmations team is to issue and execute OTC Legal Documents with the clients in a timely manner. The team is required to understand the fundamentals of the product and underlying instruments and business strategy and to continually improve control infrastructure to meet regulatory requirements and maintain control.
Thunderhead is a licensed external Vendor application. It is the preferred strategic document generation solution and content management. Process involves Template Development for Legal Docs using the thunderhead platform. Plan and monitor progress of deliveries with agreed levels of quality and ensuring timely delivery.
Summary of Responsibilities
Design, build and maintenance of high quality Thunderhead templates across OTC Derivatives and Structured Securitization products
Thunderhead Release management and Regression testing
UAT testing on linked applications impacting Thunderhead Templates
Stakeholder’s interaction for business requirements at all stages of the development lifecycle
Writing specifications, conducting gap analysis and requirements gathering.
MIS Reporting and performing analysis on template breaks
Drive project initiatives to increase efficiency.
Skills and Qualifications
4+ years plus experience in a Thunderhead AD / Thunderhead Developer role, preferable.
Technical Experience in XML/XSLT, SQL, Java Scripting, Unix/Linux, WordML and VBA, preferable.
Flexible with shifts timings.
Equities Derivatives experience in a global financial institution, preferably in a mix of business and technical capacities.
Understanding and practical experience of front to back business processes in OTC & Securitized derivative products preferable.
Documentation regulatory (EMIR, CFTC) reporting awareness, preferable.
Prioritizing work loads in a multi-client environment where demand exceeds supply.
Control mindset to identify process control gaps, prioritize & mitigate operational risk
Attention to detail.
Proactive in problem solving and developing solutions
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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