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SalaryIf you would like to be a driving force in a range of projects that will provide great development opportunities and exposure to the wider Investment Bank, then this offer is for you.
As a Settlements Manager - Associate you will be responsible for the timely settlement of FX trades for the EMEA region across the FX and FX Operations (FXO) products. You will be working as an experienced individual within the bank and you would be expected to work with a high focus on control and risk reduction. Understanding of key risk indicators, having an eye for detail and being able to adapt to the pressures of the day are an important part of the role. You will be expected to quickly adapt to the surroundings, familiarize yourself with the internal controls and understand key risks held within the role they perform. In this role you will seek out opportunities to improve and streamline our behavior.
Market Operations are split between our Bournemouth, Mumbai, Singapore and Delaware offices. The Bournemouth team provide comprehensive operational services to the Investment Bank's business across the globe, for FX and FX Options trading products. The department is very fast moving, with ever increasing volumes, there is always an opportunity to learn, increase knowledge, to take on more responsibility and where staff excellence is recognized through reward and promotion.
The EMEA Desk works to cover the hours between 08:00 and 19:00 GMT on a shift pattern basis.
Job responsibilities
- Controls payment and oversight
- Monitors and ensures timely execution of FX payments
- Oversees and adheres to strict currency cutoff times
- Oversees high value and aged reconciliation breaks
- Multi-tasks with particular emphasis on daily controls, check sheets
- Builds strong relationships with clients, Front Office and internal partners
- Produces and adheres to weekly/monthly targets and able to articulate trends to senior management
- Initiates and participates in process improvement initiatives
- Handles and escalates sensitive and risk situations
- Sets and maintains standards of the highest Client Service, and drives improvements
- Understands and develops our existing payment controls with focus on risk reduction to the firm
Required qualifications, capabilities, and skills
- Strong control mindset
- Experience in an operational / financial services / customer services environment
- Effective organizational skills with the ability to manage and prioritize workload whilst working as part of a team
- Strong communication skills - experience of building phone relationships a desirable quality
- Excellent time management skills are required.
- Well-developed problem solving skills
- Ability to work under pressure
Preferred qualifications, capabilities, and skills
- A good working knowledge of the Funds transfer policy would be an advantage
- FX & FXO experience is desirable, although not essential
- Payment processing knowledge
- A good working knowledge of the Funds transfer policy
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
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.
Operations teams develop and manage innovative, secure service solutions to meet clients' needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.
