Payments Lifecycle

Introductory market language

Take a lead role in acquiring, managing and retaining meaningful relationships that deliver outstanding experience to our customers

Job Summary

As a Payment Lifecycle Analyst within the Client Clearing Services Group at J.P. Morgan Clearing Corporation, you will be instrumental in maintaining and reconciling our books and records related to clearing activities. Your responsibilities will include ensuring the balance of incoming and outgoing funds, processing payments to counterparties and broker-dealers, and reporting any abnormal trade activity. You will have the opportunity to align your work with the Firm's internal policies and procedures, and comply with Federal, State, New York Stock Exchange regulations, and other relevant self-regulatory organizations. This role provides an excellent opportunity to enhance your skills and grow within our organization.

Job Responsibilities

• Balance all JPMCC entities within the books and records processing stream, including omnibus and suspense accounts, and conduct bank and international product reconciliations.
• Monitor international operations’ suspense accounts and manage data processing charges allocated to specific operational areas.
• Balance JPMCC inter-company trading accounts, reconcile delivery-versus-payment account balances, and handle the analysis, accrual, allocation, and payment of international bank, floor brokerage, and stock loan fees.
• Analyze, accrue, allocate, and pay Electronic Communication Network (ECN) invoices and SEC fees, both direct and non-direct.
• Generate weekly and monthly management reports, participate in special projects, and manage receivable and payable functions for stock loans/borrows and Clearing Member Trade Agreements (CMTA) for options.
• Perform omnibus account reconciliations of Continuous Net Settles (CNS) and reconcile cash movement from JPMCC to JPMSI & JPMSL through the Firm omnibus accounts.
• Reconcile daily suspense accounts, balance bookkeeping journals, and perform daily balancing of bank accounts, including CMTA receipt and payment of commissions.

Required qualifications, capabilities and skills 

• Experience in reconciling security and NOSTRO positions/transactions for proprietary and Prime brokerage accounts.
• Ability to process invoices from external parties and resolve/escalate discrepancies to organization units or middle office.
• Proficiency in processing journals into firm/client accounts to resolve breaks and reconciling cash flows through various systems and client accounts.
• Expertise in performing reconciliations with regards to client accounts in the firm's portfolio management system.
• Experience in reconciliation over Geneva application versus JPMCC Books and Records positions and balances.
• Strong analytical skills for monthly booking of income/expense and reconciling stock loan/borrow accounts.
• Excellent communication skills for sending notification letters to clients of cash and stock transfers.