Payments Lifecycle

Job Description

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.