.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
OTC Derivatives Operations supports a global and diverse client base. Primary functions performed: affirmation, settlement, client money daily segregation, credit event management, client valuations, regulatory reporting, and tax reporting. Facilitate transaction execution via a ‘best in class’ systematic control framework, providing integration between risk systems and vendor platforms.
Manage a portfolio of 2.5M live trades
Monthly settlement of 600,000 payments
Location DescriptionJ.P. Morgan’s extensive history in Argentina dates back to the 1880s, playing a crucial role in the financing of railroads, gold and minerals extraction, and sovereign financing. In 1978, J.P. Morgan reinforced its local presence with a branch office in the city, and less than a decade later, J.P. Morgan Argentina S.A. was created. Buenos Aires is a key location for the company’s international footprint. The firm is investing in creating a world-class corporate center in Buenos Aires, with refurbished and high performance workplaces, state-of-the-art technology and collaboration tools. It’s a first-class environment, where people take great pride in the important work they do for the company. Employees at the BA Corporate Center provide a wide range of support for the firm’s day-to-day, global business activities, representing JPM Corporate & Investment Bank, the strategic Operations& Technology Corporate Center and Corporate Functions. Employees work in 2 buildings collaborating, innovating and sharing their time while offering robust training, development and internal mobility opportunities.
Summary of Responsibilities:Confirmation with clients of amounts to be settled in relation of coupons payments for Interest, Credit or Equity derivative trades;
Pre-settlement investigations of differences between client´s and JPM amount. Analysis of trade documentation to identify differences and follow up for resolution.
Management of client´s reference data for ensuring documentation delivery is done on time
Management of client´s settlement instructions
Post-settlement investigations of differences. Follow up with internal and external clients to close open breaks.
Creation of daily/weekly metrics report for outstanding open breaks.Skills and QualificationsDerivative Operations experience desirable (Middle Office / Back Office)
Strong product knowledge; thorough understanding of the end to end transaction cycle for Credit derivative products
Excellent verbal and written communication skills
Ability to drive results through a "hands-on" approach
Can operate effectively in a dynamic environment with tight deadlines
Control mindset to identify process control gaps, prioritize & mitigate operational risk
Ability to multi-task effectively to meet tight dead lines
Flexibility to work in shifts
