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 firms 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.
