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Asset Management - Reconciliations (strategy)- Team Leader

JP Morgan Chase
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Not Disclosed by Recruiter Posted 7 days ago Job Applicants: 37 Job Views: 235

Job Description

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    J.P. Morgan, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits

    Asset Management Reconciliations team is responsible for:
    • Managing the Reconciliations of all Asset Management accounts held by the Client for various currencies.
    • Investigate reasons for breaks and differences in statements in our side and the custody side.
    • Detailed MIS and trend analysis of open items and ageing.
    • Tracking, analyzing and follow-up on outstanding requirements

    • Ensure adherence of operational procedures to complete task in an accurate and timely manner.
    • CTQs and benchmarks for the desk are monitored daily.
    • Track, analyze and escalate outstanding items for pending action.
    • Achieving the daily/weekly and monthly volume targets
    • Detailed and meticulous, high level of accuracy with no tolerance for error.
    • Query emails from Front Office / Middle Office / Counterparties must be reverted with clear and concise remarks.
    • Ensuring accuracy on performing BAU related activities / tasks and non-disclosure of client information by preserving client confidentiality

    • Detail Orientation – Function is critical from impact perspective. Need eye for detail and there is zero tolerance to oversight mistakes.
    • Strong Client focus & strong time management and ability to coordinate with various teams to action items.
    • Analytical - Ready to analyze the process flows and ideate on operational improvements.
    • Strong team player and must have the capability to build good working relationships with cross functional/geographical teams.
    • Communication (Spoken – Assertiveness & Written) – Ability to communicate effectively and assist Client Service Specialists / Front Office Groups / Middle Office Groups with queries/investigations.
    • Adaptability - Ability to perform in a fast paced environment and handle multiple tasks through effective prioritization
    • Control orientated and Risk awareness is essential. Understand Operational Risks to reduce Risk Profile.
    • Ability to influence others for providing the supports and work under pressure independently.
    • Desire to make an impact, self-starter, confident and proactive.
    • Provide solutions and action plans for resolutions of open items.
    •Track, and analyze outstanding items for pending action.
    •Support the team in their mission to provide top quality operations.
    •Gain end to end knowledge of the process & as an SME, assist the team in resolving their queries on various request types & involve in effective transfer of knowledge.
    •Ability to handle all miscellaneous requests related to the process & assist the team with research & investigation as required.
    •Ability to review the SOPs of the process & incorporate the necessary changes/updates as required. Sharing the updates/changes made effectively with the team.
    •Ensure to document procedures and identify requirements for additional controls as required.
    •Ensure effective transfer of knowledge
    • Good on MIS & Reporting requirements.
    •Should be able to effectively manage performance of the team by coaching/providing feedback, influencing & build good rapport.
    •Ability to resolve conflicts, negotiate & manage difficult conversations.
    •100 % adherence to procedures to ensure that there is not bad client experience. Ensure adherence to operational procedures to complete task in an accurate and timely manner.
    •To provide processing support for effective and efficient process delivery.
    •Maintain optimal Productivity & Accuracy levels for the team as defined for the process.
    •Ensure timely follow-ups on the pending/ageing requests, if any by the team.
    •Ensure the capturing of the details of the requests processed on a daily basis for the MIS/Reporting purposes
    Good Knowledge on Microsoft Office applications (MS Word, MS Excel, MS PowerPoint & MS Outlook)
    Reconciliation background including investigation and reporting of breaks
    Strong verbal & written communication.
    Conflict Management
    Effective Time Management Skills
    Problem Solving & Analytical Skills
    Product knowledge for Equity, Fixed Income, Derivatives and Alternative investment products.
    Knowledge on Reconciliations tools such as Smart stream TLM, Intellimatch, Irecs will be preferred

Salary: Not Disclosed by Recruiter

Industry: Banking / Financial Services / Broking

Functional Area: Accounts , Finance , Tax , Company Secretary , Audit

Role Category:Finance/Audit

Role:Finance Executive

Employment Type: Permanent Job, Full Time


Desired Candidate Profile

    Please see job details section for all requirements


UG: Any Graduate - Any Specialization

PG:Any Postgraduate - Any Specialization

Company Profile:

JP Morgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at
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