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Job Details

Trade Support Associate

Company name
JPMorgan Chase & Co,

Location
Brooklyn, NY

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Trade Support Associate','180055487','!*!CIB Operations – CIB Global Fixed Income Cash Middle Office Trade Support Associate

Global Fixed Income Cash Middle Office New York:

 The role encompasses assisting in the support of the Securitized Products Group’s Max Recovery principal investment business. The business purchases bankruptcy consumer receivables from credit card issuers, banks, and financial institutions. The core asset for Max Recovery is primarily an unsecured, charged-off, credit card account within a structured bankruptcy/insolvency proceeding.

The ideal candidate will be expected to work in a dynamic  team oriented environment and will need to build strong working relationships with the middle office team, front office, technology, finance and legal and compliance areas as well as the external servicers and relevant client support staff. Strong communication and multi-tasking skills are a must as well as strong attention to detail. The right candidate must be pro-active in identifying, escalating and assisting in the resolution of any operational issues that may arise in support of the business.

The candidate will be expected to support the business specifically across all deal administration functions in the US, Canada and Australia as well as any additional ad-hoc requests that may arise.

Key Responsibilities:

Deal Administration: Core functions include overseeing the client funding and deal settlement processes including client portfolio support for the life of the portfolio.

Administer client fundings in conjunction with the front office via the middle office trade affirmation process

Ensure all purchased claim portfolios are properly loaded into the database and sent to the relevant servicer

Ensure all final deal settlements are reconciled, reviewed and authorized by settlement date and confirmed with the client

Review all client claim recalls and enter them appropriately into the proprietary database

Review all active client contracts and relevant contractual stipulations as they relate to the deal and ensure a complete understanding of the related operational impacts

Ensure all outstanding putback receivables are tracked and ultimately resolved with the client

Partner with the relevant external servicer in support of media requests, legal issues, payment inquiries or claim status inquiries that may arise

Administer stamp duty incurred on claims purchased in Queensland and South Australia in conjunction with Deloitte Tax Services

Maintain regular meetings with the clients and external servicers in conjunction with the front office

Maintain monthly No-buy, Fail Receivable and Putback/Seller Recall Preview Reporting

Process all client direct payment checks and wires in conjunction with the servicer and transaction mgmt team

Administer Quality Control testing in conjunction with the servicers across the Collections Litigation, Sworn Documents and SCRA work streams

Assist in all compliance and regulatory reporting requirements 

Assist in the production of a monthly reporting presentation for review with the front office','!*!Qualifications:

Ability to multitask and to work under pressure, prioritizing duties according to risk and client profiles

Excellent communication and interpersonal skills, ability to partner with teams across Operations, technology, finance and the front office

Demonstrate the ability to identify issues and escalate timely while understanding potential risks and looking to mitigate control gaps where necessary

Proficiency in Excel, Word and PowerPoint a must

Experience in an operations role a plus','JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.','Other','US-NY-Brooklyn-4 Chase Metrotech Ctr / 03357','','CORPORATE & INVESTMENT BANK','Full-time','Standard','Day Job','','J.P. Morgan','J.P. Morgan','','','Trade Support Associate

Company info

JPMorgan Chase & Co,
Website : http://www.jpmorganchase.com

Company Profile
JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where we stand today: JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where we stand today:

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