Job Summary
As a Trading Services Manager - Vice President within the Confirmations team, you will be responsible for issuing and executing OTC Legal Documents with clients in a timely manner. You will have the opportunity to understand the fundamentals of the product and underlying instruments and business strategy, and to continually improve control infrastructure to meet regulatory requirements and maintain control. We value your ability to promote efficiency, manage new analysis requirements, and oversee data gathering processes. Your role is crucial in ensuring all issues are investigated and resolved in a timely manner as per Business Standards. You will also have the chance to contribute to strategic automation projects and improve controls in the process to ensure 100% accuracy and compliance to Regulatory rules
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The focus of Confirmations team is to issue and execute OTC Legal Documents with the clients in a timely manner. The team is required to understand the fundamentals of the product and underlying instruments and business strategy and to continually improve control infrastructure to meet regulatory requirements and maintain control.
Process involves drafting of confirmations from risk management system, to ensure legal documentation issued to clients is in line with Risk Management System.
Job responsibilities
- Drafting and Affirmation of Legal confirmations and understand legal aspects relating to Derivatives confirmations.
- Drive Efficiency in the current process and identifying incorrect booking practice and educate Middle office on the impact
- Timely escalation of unissued/unexecuted documents.
- Building and sustaining, strong working relationships with internal Lines of Business with Middle Office, Front Office and internal Counterparts.
- Ensuring all issues are investigated and resolved in a timely manner as per Business Standards.
- Automation projects
- Improving controls in the process & ensure 100% accuracy and compliance to Regulatory rules
- Manage any new analysis requirements across multiple stakeholders
- Overseeing the data gathering process, analyze the data and report MIS utilizing the various data source
- Produce time sensitive daily reports with actionable data to Front Office, Middle Office or Back Office for break resolutions
Preferred qualifications, capabilities and skills
- CA/ MBA with 11-13 years / Graduate or Post-Graduate with 14-15 years' experience in operations
- The candidate must be a motivated individual with a strong Partnership abilities
- ISDA knowledge and Derivatives Product knowledge and experience is preferable
- The individual must be able to: handle a high level of complexity in their product coverage, be able to shift gears with relative ease, be flexible enough in shifting workload in accordance with changing priorities and be comfortable dealing with a stressful and fast paced Trading environment.
- Good understanding of downstream impact of actions undertaken, particularly the requirement for strong and timely controls throughout the life cycle of the trade
- Attentive to details, strong interpersonal skills, Solid business judgments and positive attitude
- Excellent verbal and written communication skills, and adept at communicating with all levels of the business and technical parts of the organization
- Can operate effectively in a dynamic environment with tight deadlines, and can prioritize one's own and team's work to achieve them
- Flexibility to work global hours and willing to travel globally, if needed
- Extensive Knowledge on CFTC/EMIR/NCMR rules
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
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.