Job Description:

The purpose of the Derivatives Utility will be to provide Over the Counter (OTC) and Exchange Traded derivatives support to institutional clients, asset managers, hedge funds and insurance companies who have outsourced part or all of their operations to J.P. Morgan. Client scope will include all existing relationships including recent flagship deals. In addition the Utility will be supporting other groups within the WSS business in respect of derivative activity (e.g. the Derivatives Collateral Management product - CommanD).

Department Description

·      Valuation - take-on of the client transaction and daily valuation across all derivatives (credit, equity and interest rate)
·      Accounting Service - on the basis of the valuation
·      Lifecycle Management - trade maintenance, trade support
·      Management of Settlement - including resolution of breaks
·      Reconciliation Services - around valuation, cash and confirmation processes
·      Supporting Collateral Valuations
·      Analytics - management information detailing the basis for valuation, explanations of movements, market commentary 
Responsibilities

·      Ensure the accurate and timely input of trades onto the primary systems
·      Processing all trade events into Wins/Summit/Reech/DerivClear
·      To provide system training and integrate the new operating processes into business as usual.
.      Create efficiencies and help with the push towards a fully automated process.
.      Ensure SOP's are kept up to date to mitigate risk.

J.P. Morgan is creating a Global Derivatives Utility for the newly-branded Worldwide Securities Services (WSS) business. The move comes as a response to the increasing complexity of outsourced client portfolios and the very strong trend towards a diversification of clients into derivative activity.

(COMPANY NAME) Worldwide Securities Services, a division of (COMPANY NAME) Chase Bank, N.A., is a global industry leader with $15.2 trillion in assets under custody.  (COMPANY NAME) provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers.  (COMPANY NAME) Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services

Candidate Requirements:

·      Experience or working knowledge of OTC Derivatives
·      Working knowledge of Summit, WINS and ancillary systems
·      Good background knowledge of all security types and their operational treatment
·      Excellent communication, interaction and influencing skills
·      Self motivated, innovative and analytical
·      Ability to work well both as an individual and part of a team
·      Strong PC skills, particularly Excel
·      Comfortable at interacting with and communicating to all levels of management and client
·      A proactive approach to problem solving, taking ownership of issues and having the determination to follow things through
·      Good prioritisation and time management

Additional Information

Shift coverage to include 6am - 2pm; 7am - 3pm; 8am - 4pm;

(COMPANY NAME) offers an exceptional benefits program and a highly competitive compensation package.

(COMPANY NAME) is an Equal Opportunity Employer