The Prime Brokerage Fixed Income inventory management team comprises of a business-aligned support team to perform Cash and Repo transaction inventory management via pair off activity. This extends from trade rules maintenance, netting agreements being actioned on eligible trades with the brokers daily, ensuring the payments or receipts are settled timely and transactions settled down and reconciled timely and effectively. The role offers regular collaboration with various internal lines of business, clients and brokers. The role requirements also involve ensuring stringent controls are applied to the daily inventory management activities and driving both process improvements in the end to end operating model as well as supporting the implementation of a strategic development and automation program.

Roles & Responsibilities:

The following are key functions within the Cash Prematching team:

• Identify and agree eligible pair off opportunities with Brokers by the required timeframe daily.
• Initiate payments and/or ensure net cash receipts are agreed and paid by brokers timely and monitor and follow up on non-receipt.
• Partner with various internal teams including the Settlements and Reconciliations teams for timely settlement of the netted trades and payments and ensure reconciliation exceptions are reviewed and resolved timely.
• Ensure all transaction status updates are reflected in the workflow tool for clear audit trail and client reporting
• Escalation of unmatched trades, outstanding cash or any such urgent matters or requirements for assistance
• End of Day controls to be completed, reviewed and approved to ensure daily controls actioned
• Creation of detailed business control metrics
• Ensure all tasks are completed within timeframes, processing windows, market regulations, bank policies, and what is deemed prudent to minimise risk.
• Maintain process related reference data.
• Action and perform root cause analysis on the activities for opportunities to improve the operating model and reduce turn-around times
• Continuously participate in initiatives to develop and improve the function and operating model including root cause analysis, process improvement, technology development deliverables etc
• Take ownership of work, problems, clarify issues / objections, and ensure data integrity, accuracy and completeness

Skill sets Required:

Role involves extensive contact with internal business partners, front office, clients and brokers on a daily basis. Key skills required are listed below:

• Highly motivated, pro-active and enthusiastic.
• Highly numeric with excellent attention to detail in all areas.
• Strong written & oral communication skills.
• Strong Data analytics.
• Sound risk and controls mindset
• Ability to work as a team player
• Ability to develop relationships with clients, the business, brokers and a variety of other contacts across operations.
• Ability to work in a highly pressured environment, meeting tight intra-day deadlines.
• Proficient in Microsoft Excel
• Practical knowledge of JPM suite of digital ops tools (preferred but not essential)
• Ensure awareness of and compliance with relevant policies, controls, regulations and escalation protocols.
• Contributes to an environment of collaboration, diversity, equity and inclusion
• Be innovative and suggest and drive system improvement capabilities