Payments Lifecycle

Job Description
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.

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.