Reconciliation Specialist

About J.P. Morgan

J.P. Morgan serves four main client segments: corporations and institutions, governments, high-net-worth individuals, and retail clients. It offers a wide range of products and services to these clients, including investment banking, treasury services, asset management, and commercial banking. 

Your role

Responsibilities:

• Project analysis, including documenting business requirements, detailing issues and risks, and drafting business processes and data flows
• Data analysis, including data collection, synthesis, and translation of results into concrete actionable solutions
• Identify gaps between applicable requirements and current procedures/controls and drive resolution of mitigating controls
• Work with business partners to design and implement enhancements to existing processes and/or business applications, introduce new processes and/or toolsets, and engage in process re-engineering
• Develop and implement solutions that strengthen business operating models, enhance the client experience, and improve efficiency and controls
• Define user acceptance test plans and test cases, coordinate and execute user acceptance testing and interpret, assess, and communicate results to enable signoff on deliverables
• Provide implementation support, inclusive of testing and process change management, and ensure those implementations meet requirements established by Oversight and Control partners
• Apply a critical eye in evaluating existing processes and frameworks; challenge the status quo and recommend solutions/enhancements to operate models and controls
• Understanding and working experience on TLM / TLM Premium
• Understanding/working experience on the data validation controls (Feed Validation, Out of Proof checks, Static and Feed Maintenance)
• Should have managed migrations, onboardings, and experience in Business User Testing during system releases
• Ability to publish metrics, dashboards, and other reporting documents as per requirements
• Performing Cash and Asset reconciliations and research for any discrepancy
• Reach out to Custodian / Agent bank for breaks discrepancy
• Understanding breaks/exceptions and providing analytical reasoning, accounting, and other relevant details to the hubs/resolver groups
• Meet / Exceed all defined SLAs of the process (quality, TAT, etc.) as agreed with the respective manager and as per the job expectation

It will be an advantage if the person has Experienced in working/knowledge of automation tools such as Machine Learning, Bots, Alteryx, etc

Training, development & rotations

From on-the-job to professional learning and development opportunities, you can take your career in any direction. They offer many ways for you to connect with and learn from each other. The training and development programs are designed to foster continued career development and mentorship.

• They have over 190 Business Resource Group chapters to bring together those with common backgrounds and interests.
• Programs like Women on the Move and Advancing Black Leaders offer access to tools that enable successful development and advancement and networking and professional development opportunities.
• They offer development sessions for the technology community, including Tech Connect and Tech’s Fun.

Salary & Benefits

The annual salary for this role can range from INR 3.0 to INR 4.5 LPA(Source: Ambition Box).  They provide the following benefits

Benefits:

• Education assistance
• Parental leave
• Paid leave
• Back-up child care services
• Flexible work options
• Health care and insurance etc.

Work-life balance

They strive to create a workplace that values and respects individual viewpoints, while at the same time challenging the status quo to make continuous improvements in their processes. Work days are usually from Monday to Friday (Flexible Timings).

Culture & vibe

As a graduate, one can expect to be challenged from day one. J.P. Morgan is a great place to work for someone who wants to be challenged, have the opportunity to grow, and work with some of the smartest people in the industry.

"They're dedicated to creating a workplace where everyone feels welcome. They strive to do better, but they're pleased with the culture they've established." says the J.P. Morgan company motto for its culture and commitment to career progression.

About you

Qualifications:

• 0 to 1 year of business analysis experience
• Bachelor’s degree required
• Excellent communication and presentations skills across various stakeholders and senior management
• Intermediate/Advanced experience using Microsoft Office, including Excel, and PowerPoint
• Excellent analytical and logical thinking to understand and analyze complex business processes
• Strong organizational and prioritization skills, detail-oriented and strong interpersonal skills
• Ability to analyze and resolve project-related issues and follow through with set objectives
• Ability to deal with different stakeholder groups to elicit business requirements, procedures, and processes
• Ability to work in a high-paced environment, be flexible, follow tight deadlines, organize and prioritize work
• Be a team player who shows commitment and dedication, and can maintain a positive attitude and high level of performance on high-profile/time-sensitive initiatives

How to apply

All open positions are posted on their career page. And all applications at J.P. Morgan must be submitted through their careers page. To apply for this role, just click on the Apply button, which navigates to the career section where the application can be submitted easily.