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J.P. Morganis a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
Derivative Operationsprovides 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 Operationssupports 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.
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.
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.
Process involves drafting of confirmations from risk management system, to ensure legal documentation issued to clients is in line with Risk Management System.
Summary of Responsibilities
Drafting and Affirmation of Legal confirmations and understand legal aspects relating to Derivatives confirmations.
Drive Efficiency in the current process and identifying incorrect booking practice and educate Middle office on the impact
Overseeing the data gathering process, analyze the data and report MIS utilizing the various data source
Produce time sensitive daily reports with actionable data to Front Office, Middle Office or Back Office for break resolutions
Timely escalation of unissued/unexecuted documents.
Building and sustaining, strong working relationships with internal Lines of Business with Middle Office, Front Office and internal Counterparts.
Ensuring all issues are investigated and resolved in a timely manner as per Business Standards.
Skills and Qualifications
Finance/Economics degree holder with 6-8 years of experience preferably in the Middle Office/Trade Support teams
Attentive to details, strong interpersonal skills, Solid business judgments and positive attitude
The candidate must be a motivated individual with a strong Partnership abilities
ISDA knowledge and Derivatives Product knowledge and experience is preferable
The individual must be able to: handle a high level of complexity in their product coverage, be able to shift gears with relative ease, be flexible enough in shifting workload in accordance with changing priorities and be comfortable dealing with a stressful and fast paced Trading environment.
Good understanding of downstream impact of actions undertaken, particularly the requirement for strong and timely controls throughout the life cycle of the trade
Should be willing to do all shifts
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