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