Elevate your career with JPMorgan Chase, a top financial firm, valuing innovation, creativity, and excellence.

As a Trade Lifecycle Associate within Cost and Commission Services, you will be providing support to the  execution of strategic business initiatives, workflow design, and implementation of the department’s goals and objectives. You will be part of the group that is responsible for invoice management, validation/reconciliation, and allocation of charge to various LOB, Cost Centers, timely payment, NOSTRO Clearance, and MIS Reporting.

 

Job responsibilities:

Conduct daily maintenance and reconciliation of the books and records of various JP Morgan Legal entities relating to clearing activities and balancing of incoming and outgoing funds, payments to counterparties and broker dealers. Execute Notification letters to clients of cash and stock transfers Reconcile security and NOSTRO positions/ transactions breaks for proprietary and Prime brokerage accounts by referring it to settlements/ Middle Office/ Agents systems/reports. Reconciliation over Geneva application versus JPMCC Books and Records positions and balances Report of any abnormal trade activity to Product Controllers/traders that is consistent with the Firm’s internal policies and procedures, and in accordance with Federal, State and New York Stock Exchange, Inc. (“NYSE”) regulations, as well as all other self-regulatory organizations of which the Firm is a member or to whose jurisdiction the Firm is subject. Send early warning reports if workloads impact turnaround time or quality parameters. Perform the balancing all JPMCC  entities within the books and records processing stream, omnibus and suspense accounts, inter-company trading accounts Monitor international operations’ suspense accounts, data processing charges allocated to select operational areas Conduct reconciliation of delivery-versus-payment account balances, cash movement from JPMCC to JPMSI & JPMSL through the firm omnibus accounts, including reconciling Suspense Accounts – U.S. and currencies for operations and International and Custodial Trust Company or CTC) Perform analysis in, accruing, allocating, and paying Electronic Communication Network (ECN) invoices, international bank / floor brokerage / Stock Loan fees etc. Creating weekly/monthly management reports Participate in Special projects Review payable and receivables for stock loans/borrows and Clearing Member Trade Agreements (CMTA) for options, SEC Fees Direct payment & Non Direct payment and process invoices from external parties and resolve/escalate discrepancies to OU(Organization units)/Middle office Act as a point of contact for escalations and high priority requests from internal clients.

 

Required qualifications, capabilities and skills:

At least 5 years relevant experience reconciling security & NOSTRO positions, TLM breaks; accounts payable and receivable, reconciliation etc. Must be organized and have excellent follow-up and prioritization abilities Strong business writing and verbal English communication skills Strong business knowledge i.e. Investment Banking, product knowledge in derivatives, fixed income, and equities. Knowledge of accountancy, journal entries, general ledger, book keeping etc. Knowledge of Prime brokerage / Clearing business and the regulations Assertive and self-confident.