Fund Servicing

About J.P. Morgan

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers 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.

J.P. Morgan Securities Services Operations

J.P. Morgan is global leader with $22 trillion in assets under custody, provides Institutional investors access to markets worldwide for the settlement, safekeeping and asset servicing of securities, along with ancillary services such as Foreign Exchange and Liquidity Solutions. J.P. Morgan’s Securities Services business is comprised of Custody, Accounting, Transfer Agency, Middle Office outsourcing, Foreign Exchange, and other activities related to servicing assets for traditional and alternative funds; it leverages its scale and capabilities in more than 100 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services.

Leverage your unique background, experiences and skills to help innovate and add value

Diversity and Inclusion are the cornerstones of JPMorgan Chase’s corporate culture. We recognize that we gain strength from a diverse workforce and embrace our differences. We are committed to a culture of openness and meritocracy, and believe in giving every individual an opportunity to succeed while bringing their whole selves to work. Every unique skill, perspective and experience is valued irrespective of background, age, disability, gender identity, ethnicity, religion or belief and sexual orientation. Different perspectives built on diverse experiences bring strength and creativity to our work and lead to the best solutions for our clients. 

If you’re passionate, curious and ready to make an impact, we’re looking for you to help us grow and position our businesses for the future.

What to expect:

Counterparty Reconciliation service is offered to clients including asset managers, pension funds and other institutional investors that are trading OTC derivatives as a component of their investment strategies. This service is also extended to funds that are trading on OTC & ETD derivatives

Counterparty reconciliation acts as secondary control check to the positions booked by Trade Capture & are responsible for ensuring the client’s books and records captured within accounting platforms remain synchronized with counterparty data received in TriOptima & investigate various types of reconciliation breaks/exception. 

This will also include – 

• Follow up with different brokers/vendor/client for timely resolution of reconciliation breaks/exception
• Interaction with the client on weekly/fortnightly basis to discuss outstanding items

About you:

We're looking for highly-driven individuals with an interest in working in financial services and at JPMorgan Chase. 

Key components of the role will be:

• Perform reconciliation between Broker / Counterparty vs Client to ensure the client books are in line with respective brokers
• Detailed investigation of the breaks
• Liaise with external clients and counterparties for breaks resolution
• Attend Client calls in presence of onshore team to discuss the status of the breaks resolution & any other client request / issues
• Liaise with internal team for breaks resolution
• Provide MIS reporting on break status
• Provide weekly KPI information to management
• Ensure team meet designated deadlines in line with internal SLA's
• Proactive & transparent communication to all stakeholders relating to delivery
• Provide comprehensive error reporting when such instances occur, and evidence action plan to ensure any identified gaps are closed
• Undertake root cause analysis of regular breaks
• Escalate issues to designated parties to agreed timescales
• Identify process improvements to contribute to best practice

About your skills & experience:

• Previous experience of reconciliation
• Sound knowledge of basic accounting (ie. debits/ credits)
• Excellent communication, interaction and influencing skills
• Strong PC skills, particularly Excel
• An understanding of derivatives and fund accounting processes is a distinct advantage
• Knowledge of custody and settlement is an advantage
• A proactive approach to problem solving, taking ownership of issues and having the determination to follow things through
• Self-motivated, innovative, methodical and analytical
• Good prioritization and time management
• Flexible approach to hours and task allocation
• Good knowledge of risk and controls

About your qualifications:

• The candidate should have 3+ years’ experience in a Fund Accounting or a good understanding of financial markets having worked in them.
• Post graduate with knowledge of Finance/Accounting will be added value.

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.