Agency Securities Finance Operations provides regional operational support for our Discretionary Securities Lending businesses.
Securities Finance as agent lender provides equity and fixed income securities to broker dealers to facilitate their proprietary and client trading strategies.
Where they have a requirement to borrow securities the lending desk negotiates a fee for the loan based on supply and demand and the type of underlying strategy.
With 5 desk globally, JPMC offers a 24 hour service in 37 different markets.
Role Summary :
Assist the onshore trade desk in booking trades & rerates, fixing breaks and other tasks when necessary
Work with key internal stakeholders to resolve outstanding issues, ensuring appropriate escalaton is performed. Where necessary, liaise with other departments and broker dealers to agree a satisfactory conclusion, ensuring minimum impact to Trading Services
Pro-actively assess and recommend process improvements to assist in risk mitigation and revenue generation
Documenting and updating current processes and trading agreements. Implementing any new controls and changes to workflow after appropriate sign off
Providing revenue numbers, forecasts, commentary and other MIS for daily, weekly, monthly etc. reporting
Ad-hoc project requirements such as technology enhancements, UAT testing, system updates and ownership of desk user tools
Key Risk & Control Environment Compliance : Review current processing to ensure all controls maintained and up to date to fit with the current tasks.
Identify gaps in processes and full compliance of SSAE18. Responsible for documenting and updating current workflows and task lists.
Implementing any new controls and changes to workflow after appropriate sign off to minimize financial loss Inform and work with Risk Management upon identifying potential risks.
Pro-actively assess and recommend process improvements to assist in risk mitigation Communicate all issues effectively and ensure understanding by the team.
Operational : Escalate issues to the Manager and be involved in taking action to escalate and resolve with the other party.
A review is to be done on the issue to ensure procedures are updated. Investigate and when applicable, assist in implementing new procedures or systems that enhance the overall service of the group.
Ensure all work received is actioned, accounted for and all control procedures are adhered to. Issues raised must be either resolved or escalated if necessary.
To ensure that the specialist’s Checklist is followed and all items actioned on a daily basis, with sign off occurring throughout the day as necessary.
To be involved in the resolution of outstanding issues, to make decisions based on precedent and experience when confronted with frequently conflicting priorities.
Where necessary, liaise with other areas to agree a satisfactory conclusion, ensuring minimum impact to Trading Services
Reporting : Be involved in the review of workflows, review reporting of all KPI’s, and other MIS statistics required by management.
Assist in tracking trends in work volumes, including reconciliation errors and document any negative trends and proposed solutions.
Excellent knowledge of Global Financial Markets
Bachelor degree or above preferred
Minimum 3 to 4 years experience in Securities Finance, Prime Brokerage, Collateral Management, Settlements, Trade Support / Middle Office or COACs role
Proven track record in a busy / dynamic operations environment
Great understanding of Microsoft Excel, Tableau, Alteryx & Xceptor
Understanding of the workflows of a custodian
Strong inter-personal and communication skills with the ability to build strong relationships with strategic internal & external partners
Ownership and Accountability
Excellent analytical and numerical skills
A strong controls focus
Continued focus on improving processes and procedures
Ability to Managing Work under pressure and to strict deadlines