The Markets Asset Servicing team manages corporate actions across global markets, including Stock Splits, Tender Offers, and Rights Issues. They handle the announcement, processing, and settlement of these events, as well as the collection and payment of income for all asset classes. A new risk function team analyzes events to understand risk profiles and market exposure, ensuring all actions are captured and executed, particularly around expiration periods. Key services include proactive management of Corporate Actions, Income, Taxation, Proxy Voting, and Client Inquiries/Reporting.
As a Markets Asset Servicing-Associate within Commercial & Investment Bank you will have the opportunity to work with Prime Finance and the Trading businesses, and build up comprehensive product and market knowledge. You will work closely with several other groups across the firm, including trading desks, middle office and financial control teams. This interaction enables employees to gain an insight into other operations and obtain a high level knowledge of the diverse range of the J.P. Morgan products.
Job Responsibilities:
- Analyzing risk of all voluntary corporate actions (all Lines of Businesses)
- Reviewing the finer details of the event to determine nuance risk
- Reviewing the stock record to determine positional risk
- Calculating the market exposure in terms of discount, liquidity and volatility
- Checking all events have been captured and are due for instruction on the correct day
- Ensuring corporate instructions are sent to custodians/ trading counterparties on time
- Providing opportunity for direct supervision & involvement in project work related to improving efficiency and/or reducing risk
- Investigating and resolving of complex issues and enquiries
- Producing daily management reports to summarize risk and actions taken
- Escalating, as appropriate of all risk events ahead of their expiration
- Work with multiple partners: Senior Management, Technology, Middle Offices, Finance, Product Control, OCM, Audit, Front office and Clients to manage risk and provide an excellent global service
Required qualifications, capabilities, and skills
- Must have a relevant work experience
- Knowledge of the transaction/ trade lifecycle
- Give examples of your risk awareness and operational controls experience within Asset Services.
- Strong communicator who is confident to express concerns and risk in a timely manner
- Adaptability is essential in order to learn the process quickly and efficiently
- Discuss you process improvement experience, where you clearly articulate ideas, concepts, procedural changes to internal colleagues and clients.
- Proven ability to give examples of your reconciliation and problem solving skills
- Proven experience within an arena where accuracy is critical within strict deadlines.
- Excellent communication skills, both written and verbal at all levels are necessary to meet the demands of the client base and to support management in an effective manner
- Flexible proactive attitude towards work is required, as the individual must adapt to the needs of the business
Preferred qualifications, capabilities, and skills:
- Asset servicing knowledge and experience within an operations environment preferred
- 10 years in Asset Servicing preferred
About Us
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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.
Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.
Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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