Operations - Custody Settlements Associate

J.P. Morgan AU

Location: Sydney

Job Type: Full time


As an Associate in the Direct Custody and Clearance team (DCC), you will be responsible for processing Equity, Fixed Income and Unlisted security settlement activity, ensuring strong controls and fails & break resolution, while also working under market deadlines

The DCC Settlements team is part of the Corporate Investment Bank (CIB) and is responsible for the processing and settlement for Australian assets held in custody on behalf of our clients. The team is responsible to act off client instructions and arrange for the settlement of Equity and Fixed Income trades and deal directly with the settlement exchanges, CHESS and Austraclear, or Share Registries to settle\register transactions in and out of the JP Morgan custody.

Job responsibilities

  • Actively use BaNCS / CHESS / AUSTRACLEAR to settle trades adhering to market cut-offs
  • Address settlement discrepancies/issues and leverage escalation channels promptly
  • Investigate and resolve cash & stock reconciliation issues
  • Be aware of Operational Risk and follow control framework designed to minimize errors, risks, and losses
  • Follow through queries and issues from clients, market participants and internal teams
  • Identify and escalate technical issues and follow through until resolution
  • Good familiarity with custody operations systems including Bancs, SecuritEase/CHESS, Exigo/Austraclear and SWIFT
  • Strong understanding of the transaction lifecycle in Custody specializing in listed and unlisted securities
  • Exposure in developing operational risk control procedures and monitoring
  • Professional communication skills – to be able to express information and ideas clearly and accurately
  • Develop relationship with internal clients and support teams
  • Contribute to projects and new initiatives to bring efficiencies into BAU functions

Required qualifications, capabilities and skills

  • Minimum of 3-5 years custody and settlements experience in the banking or financial services industry with working knowledge of the Australian market

Preferred qualifications, capabilities and skills

  • Equity and Fixed Income Settlements experience preferred
  • Group/team focus, assist others where required to ensure tasks completed by cut offs
  • Ability to set priorities and manage multiple tasks effectively by meeting tight deadlines and maintaining accuracy
  • Be control and risk focused
You’ve got this!