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Fund Servicing Analyst - Team Leader

JPMorgan Chase & Co.

JPMorgan Chase & Co.

Mumbai, Maharashtra, India
Posted on Sunday, June 9, 2024

Job Description

Third Party Derivatives support four main OTC derivatives services:

  • NAV Support – instruction capture and processing client provided valuations / cash flows; reconcile to the fund manager
  • Independent Valuations – instruction capture, generate in-house/ source TPV valuations and cash flows; reconcile to the fund manager/ counterparties; standard reporting
  • Middle Office – same service as Independent Valuations plus confirmation/ settlement management
  • Asset Verification – As a utility to T&F, produce Independent Asset Verification of OTC/FFX & CFD trades

Summary of Responsibilities

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 Brokers 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

Skills and Qualifications

  • 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