CIB , BA OTC Derivatives Deal Review
JPMorgan Chase & Co
Buenos Aires, C, AR
hace 3 días

J.P.Morgan is a global leader infinancial services, offering solutions to the world's most importantcorporations, governments and institutions in more than 100 countries.

DerivativeOperations provides operational supportacross the CIB covering eight key product areas including FX, OTC Derivatives,Collateral Principal, 3rd Party Derivatives, Cleared Derivatives, AgencyCollateral, Billing and CASS with 1,900 employees.

Services provided toour Businesses include :

Transaction Processing,Confirmation, Settlement and Clearing, Collateral Management, Client Service,Invoicing and CASS Support

Typical daily activityincludes settling in excess of $217B via FX trading, leading a Markets OTCportfolio of 2.5M trades, servicing >

200 3rd party clients, performing10,000 margin calls, processing 470k cleared and intermediated trades andproducing >

9,000 invoices

OTCDerivatives Operations supportsa global and diverse client base. Primary functions performed : affirmation,settlement, client money daily segregation, credit event management, clientvaluations, regulatory reporting, and tax reporting.

Facilitate transaction execution via a bestin class’ systematic control framework, providing integration between risk systems(Athena, GPS, Kapital, Pyramid) and vendor platforms (DTCC / TIW / Markitwire / Thunderhead).

Managea portfolio of 2.5M live trades

Monthlysettlement of 600,000 payments (100% increase vs. 300,000 in 2010)

70,000Dodd Frank MTM and client valuation statements issued on a daily basis

We are an equal opportunityemployer and value diversity at our company. We do not discriminate on thebasis of race, religion, color, national origin, gender, sexual orientation,age, marital status, veteran status, or disability status.

JobDescription

The focus of Confirmationsteam is to issue and execute OTC Legal Documents with the clients in a timelymanner. The team is required to understand the fundamentals of the product andunderlying instruments and business strategy and to continually improve controlinfrastructure to meet regulatory requirements and maintain control.

Process involves drafting ofconfirmations from risk management system, to ensure legal documentation issuedto clients is in line with Risk Management System.

Summaryof Responsibilities

Perform deal reviews withinthe SLA which involves :

ReviewTerm sheet versus Risk management system.

LegalConfirmation versus Risk management system.

Ensureaccurate reviews and Timely escalation of unissued / unexecuted documents.

Drive Efficiency in thecurrent process and identifying incorrectbooking practice and educate Middle office on the impact

Buildingand sustaining, strong working relationships with internal Lines of Businesswith Middle Office, Front Office and internal Counterparts.

Ensuringall issues are investigated and resolved in a timely manner as per BusinessStandards.

Prepareweekly MIS and monthly control packs for Senior Management

AnalyzeMI and report trends and spikes

Participatein various testings related to system enhancement, project implementation andnew business initiatives

Identifycontrol gaps and suggest improvement ideas for better efficiency andeffectiveness

Skillsand Qualifications

Graduatewith 1-3 years experience

Thecandidate must be a motivated individual with a strong Partnership abilities

ISDA knowledge and Equity Derivatives Product knowledge along with EquityDerivative experience is preferable

The individual must be able to : handle a high level of complexity intheir product coverage, be able to shift gears with relative ease, be flexibleenough in shifting workload in accordance with changing priorities and becomfortable dealing with a stressful and fast paced Trading environment.

Good communication skills.

Needsto be highly numerate with excellent keyboard skills and a high-level ofcomputer literacy

Needs to be aware and have anunderstanding of the large financial risks that can be incurred throughoperational errors and control risks

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