Trade Lifecycle Manager | Vice President

About JPMorgan Corporate & Investment Bank

JPMorgan CIB, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.2+ trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Securities Services leverages its scale and capabilities in more than +0 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services.

The department is responsible for the capture & validations of fund accounting trades ensuring its accurate booking in fund accounting books. The process also performs broker reconciliations for Exchange Traded Derivatives products.

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.

Role/Title: Vice President / 603

BAU Management

The incumbent shall be responsible for managing the workflow through the life cycle of non-OTC Trades, primarily the operational readiness related to New Clients being onboarded globally and fund lifecycle events - Fund/Sleeve launch, Share Class launch, Advisor/Broker Change/Addition, Conversions and Liquidation.
Capture & Validation of trades that involves exception management, breaks investigation & resolution, FM Recs for FFXs, ETD Rec with broker, Additional configurations/testing required for processing and seamless Go-Live transition to BAU teams.
Adherence to asset class wise detailed checklists and support Newton workflows.
Test strategic/tactical builds and ensure readiness prior to Go-Live. Identify manual/bespoke activities and partner with Tech/Product/Client Services to drive more automated solutions or eliminate the process, whilst reducing risk across Operations.
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 Department and ensure timely escalation to both Operational and Risk leads.
Pursue Standardization within the functions and align the deliveries as per the global operating model & Design Principles – Onboarding & Governance, Instruction Capture, Trade Completeness & Validations, ETD Reconciliations and EMS & Control Checks.
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 is aware of strategic and regulatory changes in the organization
Continued review of content and adherence 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 Trades team with internal and external clients, promoting the strategy, products and capabilities of the department. Drive Operating model and 24-hour clock discussion with BI, OSD, Client Services and Product teams. Participate in Investment Initiative prioritization meetings. Support operational partners in Asset Servicing with strategic initiatives across the department.

Contribute to the strategic development of trades & asset servicing products. 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. Ability to influence and build strong relationships across multiple levels of the organization.

Further Function Specific Requirements

Responsible for daily management of fund accounting staff directly or through subordinate supervisors. Identify and track pain points/Day-2 items. Have a plan for remediation and track it to closure. Participates in extensive problem solving. Makes decisions regarding employment, reviews performance appraisals, training, disciplinary actions and salary recommendations. Manages all issues which are escalated by previous profile and ensures appropriate onward escalation to next levels as required. Responsible for building the right control environment and metrics to monitor and track performance delivery.

Duties and Responsibilities:

Operational

Validate exceptions above defined materiality thresholds
Identify core weaknesses in processes and identify potential solutions
Continuously develop industry/product knowledge
Control / Risk

Manage issues/exceptions above materiality thresholds for resolution.
Support Operations metrics / KPI / KRI for Trades and ensure robust controls within the respective processes.
Staff

Provides technical direction and support to assigned staff.
Development of goals and execution of strategies within a department.
Ensures that decisions are guided by policies or established practices that will have limited impact on company revenues/assets.
Work with L&D to ensure coverage and implementation of training needs and requirements for staff.
Lead L&D sessions for staff
Plan Staff professional development and mobility plans
Others

Work with all internal and external stakeholders to meet overall business needs
Involvement and initiative in global projects impacting FS

Required Qualifications

B Com/CA/MBA with 15+ years of experience in Trades or fund accounting domain. Preferred experience in managing teams.

Core Skills and Competencies:

Operation's Team Management in a daily environment is critical
Operational subject matter expertise critical e.g. Capture, Reconciliation, Settlements, Trade Support
Fund accounting, 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 prioritize workloads and work on critical deadlines
Demonstrate Ownership and Accountability for Operational and Project Deliverables with a proven track record
Confident communicator in all mediums with both internal and external clients, including senior business executives.
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
Primary Location: Mumbai/Bengaluru

Job Type: Full-time

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, ****** 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.




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.