JPMorgan Chase CIB Operations (Derivatives Ops) - 3rd Party CFD Support - Newark - Analyst in Newark, Delaware

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

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

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

  • The individual will work as a Team member / subject matter expert within the CFD Administration team in Delaware and have responsibility for the delivery of these services to a number of clients.

Job Description

To provide support for CFD’s (Contract for Difference) traded by institutional clients, asset managers, hedge funds and insurance companies who have outsourced part or all of their operations to J.P. Morgan. Client scope includes all existing relationships globally. In addition the Utility supports other groups within the business in respect of derivative activity.

Summary of Responsibilities

  • Responsible for the daily management of a clients CFD trading activity including reviewing reconciliation breaks on Position, Market price, Income, Cash, Finance and Valuation

  • Dealing with all client and broker queries related to daily CFD activity.

  • Responsible for all CFD investigation, amendments and delivery sign off to Fund Accounting and client

  • Responsible for the 3PDP(Third Party Derivatives Processing) OTC Reconciliation process for TPDP clients delivered from the Delaware location.

  • To accurately and efficiently reconcile against all core controls for all relevant OTC deliveries

Skills and Qualifications

  • Bachelor degree or equivalent work experience (2-3 yrs).

  • Ability to build and maintain effective working relationships with clients and counterparties

  • Quick learner both technical knowledge and systems

  • Results orientated, Create and sustain a Target driven environment

  • Self-motivated and flexible approach to working hours

Could suit someone looking for a flexible working opportunity

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.