JPMorgan Chase Bank, N.A. Hiring for Reconciliation at Mumbai, Maharashtra Full Time

The department is responsible for the cash and asset breaks investigation and taking it to resolution. Ensuring the KPI and KRI of business in kept under control.

Role/Title: Vice President / 603

BAU Management

The incumbent shall be responsible for managing the workflow through the life cycle of Reconciliation

Responsible for cash and asset breaks, reviewing aged breaks and follow ups with respective stakeholders, Have a client focused view for top Tier clients.

Operational management and control of the daily workflow within the Reconciliation Team

Maximize team capacity through effective resource planning and ensure team structure is robust through effective training and succession planning

Ensure all daily controls and processing are completed and signed off including client service enquiry resolution, cash and stock break & event management as well as all key metrics are produced as required

Own issues related to the Reconciliation Department and ensure timely escalation to both Operational and Risk leads

Ensure all team members adhere to global escalation policies, maintain up to date awareness of RED policies and procedures, attest to operational procedures at required intervals and actively comply with ethics and behavior standards

People Management – Provide direction and leadership to the team. Provide effective communications to the dept, ensuring staff are aware of strategic and regulatory changes in the organization

Continued review of content and presentation of Standard Operating Procedures, in line with introduction of new policies and ongoing risk management activities

Act as a focal point for issue planning or crisis review situations. The business demands flexibility in production processes and for technical assessments to be made in short time frames.

Ensure department has viable Business Continuity and Concentration plans in place, that are tested in accordance with Bank Policy and that all staff are familiar with the plans.

Leadership

Represent Global Asset Servicing with internal and external clients, promoting the strategy, products and capabilities of the department. Participate in Investment Initiative prioritization meetings. Support operational partners in Asset Servicing with strategic initiatives across the department.

Contribute to the strategic development of the asset servicing product. Identify key areas of opportunity, creating robust business cases and ensuring appropriate levels of analysis are undertaken. Implement the project structure and governance required to deliver on the agreed strategy.

Further Function Specific Requirements

Promote culture of early and timely escalation, ensure root cause analysis undertaken for all operational incidents and follow through with all recommendations. Actively manage risk items and continually evidence compliance with key controls.

Ensure all errors and incidents are written up in a timely manner in keeping with internal policy

Organize morning risk review meeting and oversight intraday and end of day key sign off points

Ensure all cash and stock breaks are investigated in a timely manner and followed through without any delays

Ensure all client queries dealt with within required SLAs

Ensure all event files are present, correct and complete

Spot check calls, sign offs and files for quality control

Work with Product Development, Settlements, FX and Risk

Required Qualifications

B Com/CA/MBA with 15 – 20 years of experience in Investment Banking Domain and knowledge of Custody and Fund Accounting.

Core Skills and Competencies:
Operation’s Team Management in a daily environment is critical

Operational subject matter expertise critical e.g. Reconciliation, Settlements, Trade Support

Reconciliation, Risk & Control and Custody experience

Strong People Management skills, ability to Lead and Motivate Managers

Strong ability to learn ongoing stream of new markets, products and processes

Strong Risk and Control Awareness: Ability to effectively priorities workloads and work to critical deadlines

Demonstrate Ownership and Accountability for Operational and Project Deliverables with a proven track record

Confident communicator in all mediums to both internal and external clients

Strategic thinker, able to review and implement process improvements

Drive, Energy and Enthusiasm

Display high levels of integrity; operate on the basis of open and honest interaction

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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.