Asset Servicing Associate
JP Morgan
0 - 3 years
Mumbai
Posted: 01/04/2025
Job Description
Embark on an exciting journey as an Asset Servicing Associate within our Asset Servicing Corporate Actions Announcement Capture team, where you will play a crucial role in announcing corporate action events across all Global markets. Your mission is to ensure that all announcements are processed swiftly within 24 hours of receipt and efficiently communicated to our valued clients and subscribers.
This role offers a unique opportunity to collaborate closely with various internal teams, facilitating seamless transaction processing, resolving exceptions, and addressing client inquiries with precision and timeliness. You will also have the chance to partner with client service teams, driving transformative changes in client behavior to eliminate manual processes and enhance efficiency.
As an Asset Servicing Associate within the Asset Servicing Corporate Actions Announcement Capture team, you will be responsible for announcing corporate action events for all Global markets. Your primary goal is to ensure all announcements are processed within 24 hours of receipt and are sent out to the underlying clients/subscribers. This role provides an opportunity to work closely with various internal teams to process transactions, resolve exceptions, and respond to client inquiries in a timely manner. You will also have the chance to partner with client service teams to help change client behavior where required to remove manual processes. This role requires a strong understanding of Risk Management and the ability to manage issues exceptions above materiality thresholds for resolution.
Job Responsibilities
- Process and validate Income & Mandatory Corporate actions efficiently.
- Own issues related to the Announcement Capture Utility and ensure timely escalation to both Operational and Risk leads.
- Supervise the delivery of fund services trades operations BAU for the assigned location.
- Collaborate with various internal teams to process transactions and resolve any exceptions in a timely manner.
- Respond to and resolve client inquiries promptly.
- Perform root cause analysis for respective clients to increase STP and reduce client inquiries.
- Partner with client service teams to help change client behavior where required to remove manual processes.
- Demonstrate a strong understanding of Risk Management and manage issues and exceptions above materiality thresholds for resolution.
- Partner with the technology strategy team to help identify internal and external facing technology improvement opportunities.
Required qualifications, skills and capabilities:
- Bachelor’s degree required (B.Tech / MBA / CA's)
- Minimum 5+ years in Financial Services industry, preferably in custody & fund services, markets or prime brokerage space
- Extensive working knowledge of Microsoft Office products including Word, Excel, Access, Visio and Outlook Express (or similar email program)
- Good knowledge of financial instruments and corporate actions
- Excellent prior custody & fund services, markets or prime brokerage operational experience along with managing staff
- Ability to work closely with business partners and interact with all staff levels
- Strong financial markets product knowledge and understanding of the transaction lifecycle in Corporate Actions and/or
- Subject matter expertise in Equities, Fixed Income, FX, Collateral, Derivative
About Company
JP Morgan Chase & Co. is one of the world's largest and most prestigious financial institutions, headquartered in New York City. It operates in over 100 countries, providing a wide range of financial services including investment banking, asset management, commercial banking, and wealth management.The company serves corporations, governments, institutions, and individual clients, offering expertise in areas such as mergers and acquisitions (M&A), securities trading, and credit management. Known for its global reach and financial strength, JP Morgan is a leader in innovation and sustainability within the banking industry.
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