Reconciliation - Associate
Location
Mumbai | India
Job description
Job Description
As a Reconciliation Associate in our Middle Office, you will be responsible for transaction analysis, P&L and risk, and project support to the T/CIO desks which execute transactions and manage resulting positions. You will also be involved in various other tasks such as performing reconciliations, developing written procedures, participating in cross-functional training, and working closely with various stakeholders.
Job Responsibilities - Perform reconciliations across various platforms / systems such as risk management; sub-ledgers; Risk and P&L aggregators; market & credit risk infrastructure; industry utilities; etc.Develop written procedures covering all aspects of required business as usual tasks. Participate in cross-functional training to ensure adequate coverage.
- Perform Nostro Reconciliations and Investigations. Ensure Reconciliations are performed and reviewed in a timely manner at an established frequency outlined in the respective Standard Operating Procedures (SOP).
- Perform completeness checks to ensure that the intended data population is included in the reconciliation. Any deliberate data exclusions are reviewed and approved periodically by the respective supervisors with adequate documentation.
- Follow-up with product controls, trade support and technology on breaks and ensure that adjustments, amendments and code fixes are actioned by the respective teams.
- Timely resolution and escalation of reconciliation breaks above investigation thresholds. Publish metrics to the relevant stakeholders and the Management for review.
- Participate in the identification or development of technology to support new business flows. Generate test cases and execute user acceptance testing to ensure new technology delivers and functions as expected.
- Work in close partnership with various stake holders i.e. market risk, finance, trade support, reference data, settlements, VCG, technology & PMO on BAU/adhoc management requests
Required Qualifications, Capabilities And Skills - Graduate Degree in Commerce, Finance, Accounting, or Banking.
- Minimum of y years working experience in Middle Office, Market Risk, Finance or Product Control
- Good product knowledge in Fixed Income, Treasury, FX and Interest Derivatives products
- Advanced Excel skills required. MS PowerPoint proficiency a plus
- Alteryx knowledge would be an added plus
Capabilities & Skills - Strong analytical skills to understand a diverse set of sophisticated cross-asset products and complex end-to-end workflow
- Good communication skills, robust and credible partner with all stakeholder
- Thorough understanding of transaction cycle, infrastructure & associated operational and financial processes and controls
- Strong interest in process improvement, automation, and system enhancement. Ability to deal with high level of adhoc requests and deliver under pressure
ABOUT US 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.
About The Team Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
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