Asset Associate I - Markets Asset Servicing

Posted 13 Hours Ago
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Manila, First District NCR, National Capital Region
Hybrid
Senior level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
As an Asset Associate I in Markets Asset Servicing, you will manage income events, ensure timely processing of dividend and coupon payments, and reconcile breaks. You will collaborate with internal teams and external counterparties, improve processes, and provide subject matter expertise for initiatives. Your role will also involve identifying gaps and supporting automation.
Summary Generated by Built In

Job Description
At JPMorgan Chase, we endeavor to provide a place where your development and growth are nurtured and achieve your highest potential.
As an Asset Associate I within the Markets Asset Servicing team, you are responsible for Income events across EMEA, WHEM & ASIA markets. You are required to ensure timely and accurate processing of income events, collection / payment of claims, timely reconciliation cash, stocks, wash across our Fixed Income / Equity and Prime Business. We work closely with internal stakeholders including trading desks, sales, finance and other operations team and work in partnership with clients, custodians, agents, depo, and 3rd party service providers. You will be responsible to execute goals and objectives set up to deliver core business deliverables. 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:

  • Ensure all pre-event reconciliation and pay date event processing related on Income events such as dividend, coupons and redemptions are completed in a timely manner to avoid impact in Desk PnL and Prime Clients
  • Ensure partnership with external and internal counterparties, timely responses and completion of outstanding items in managing new and old items for payable and receivable claims covering SBL, market failed claims (dividend and bonds), coupon claims and Repo claims
  • Perform oversight and ensure all cash breaks, wash breaks, suspense breaks and control account breaks are reconciled timely, match-off correctly and reduce or Nil accumulation of over 30 days aged items. Manage any potential system feed issues, late/incorrect investigation, follow-through till resolution.
  • Act as a point of contact for clients / internal stakeholder such as Trading desk, Middle Office, Finance and other operations team within Markets Operations for all escalations and ensure adequate coverage by service teams
  • Serve as a subject matter expert for the functions managed
  • Perform process re-engineering activities, support automations, identify and close process gaps, support remediation activities
  • Maintain documented procedures and ensure adherence to and compliance with firm policies and regulatory requirement and deploy effective cross training to ensure all critical functions have in built resiliencies
  • Provide SME support for various transformation initiatives driven by senior management from time to time and influence end outcome
  • Identify ways to improve processes/procedures to enhance quality and/or productivity
  • Act as a subject matter expert on procedural matters, and be the funnel for communication with the global teams


Required qualifications, capabilities and skills

  • Minimum of 6 years of relevant experience, preferably with Asset Servicing background covering either Income and Corporate action or with any Market Operations processing background
  • Experience in data transformation tools, such as Alteryx and data visualization tools (e.g., Tableau, QlikView/QlikSense and enhanced data mining skills using SQL, SAS, Python, or other equivalent tools)
  • Analytical mindset and problem-solving skills, with the ability to identify and resolve complex operational issues
  • Problem solving skills - the candidate must demonstrate exceptional judgment and the ability to independently identify and escalate key issues, obtain appropriate information form further analysis, and develop actionable recommendations
  • Teamwork skills - the candidate must be flexible in his/her/their work style and be able to work appropriately with stakeholders and colleagues at all level
  • Good Inter-personal and relationship management skills
  • Ability to partner with multiple internal teams, external clients & 3rd party service providers
  • Ability to work independently and achieve desired results and have an eye for detail
  • Ability to manage tight delivery timelines, and ensure our organization is on track to execute and deliver strategic change that meets our goals
  • Ability to organize to prioritize workload to manage concurrent tasks and meet competing deadlines


Preferred qualifications, capabilities and skills

  • Minimum Bachelor's degree [Finance, Business, Accounting]
  • Strong understanding of different technological development methodologies (e.g., Agile, Waterfall) and design techniques with ability to successfully lead regardless of approach
  • Business analytics or project management certifications a plus
  • Strong technical and analytical skills, including proficiency in Microsoft Office applications
  • Experience using automation tools a plus (e.g., Python, Alteryx, Tableau)
  • With Series 99 license holder is a plus but not required


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 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
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.

Top Skills

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The Company
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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.

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