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Job Title: Settlements Specialist
Job Location: DE: Newark
Pay Rate: Open
Job Length: full time
Start Date: 2008-03-28
Company Name: JPMorgan Chase
Contact: Recruiter
Phone: email only please
Fax: email only please
Description: Settlements Specialist – 080008444
Job Description
Apply Online
Description
This position is in ADR Operations, which is a part of Institutional Trust
Services (ITS) Business under the Treasury and Security Services
(TS&S) umbrella. American Depositary Receipts (ADRs) are
securities issued by an American bank that represent owner****p of non-US
securities. The ADR facility allows foreign companies to raise capital and
have their stock trade in the USmarket, while providing US investors the
ability to purchase foreign stocks with the convenience of settling their
trades in US dollars and accordance with US settlement practices.ADR
Delaware, working in conjunction with our offices around the globe and
with our transfer agent EquiServe, provides the services for ADR Issuance
and Cancellation, Pre-Release, Dividends, Transactions, Client Service,
and Accounting. ADR Operations maintains a network of 62 custodians in 36
countries to facilitate settlement of the foreign segment of ADR
transactions, a direct account with the Depository Trust Company for US
settlements and the services of an external stock transfer agent under a
private label agreement.
This individual will be primarily responsible for the settling of ADR
broker trades. The person will also be required to assist other areas of
Settlements including the Issuance, Cancellation and Pre-release desks
Specific responsibilities include:
o Prepare daily ADR Max revenue analysis re****t for senior management
o Assist brokers throughout the day on numerous phone calls
o Assist in backing up trader for routine trades
o Continual process improvement and reengineering, including the
extensive system testing for X-MAPS implementation and enhancements
o Monitor all inbound custodial swift messages for settlements,
dividends, cor****ate actions, balance statements and inquiries
Encode instructions into X-MAPS to include all relevant information
(Account #, Destination etc.)
Research all unsettled trades, and follow up with the custodian and
trader to determine the cause of delay and reconcile the matter
Prepare and distribute fail re****ts on daily basis
Keep clients briefed on upcoming changes impacting their trades
Investigate trader and front office inquiries and respond in a timely
fa****on
Qualifications
Essential skills:
-Strong reconciliation and problem solving skills -Initiative
-Results/detailed oriented -Adaptability -Innovator -Strong communication
and interpersonal skills, with various levels of management
-Ability to complete multiple tasks accurately and in a timely manner
-Ability to react to high pressure situations in a professional manner
-Ability to work independently and in a team environment
--Ability to identify control risk issues
Essential Experience:
-1-2 years experience within the Securities Industry -Strong word and
Excel skills
JPMorgan Chase offers an exceptional benefits program and a highly
competitive compensation package. JPMorgan Chase is an Equal Op****tunity
and Affirmative Action Employer, M/F/D/V
Job profile Job category Securities Operations Locations
US-DE-Newark Organization Treasury & Securities Services Schedule
Full-time Job Type Standard ****ft Day Job Employee Status Regular
Overtime Status Exempt Travel No
Please refer to Job code jpmorgan-833338 when responding to this ad.
For FASTEST PROCESSING of your resume, please visit
http://www.jobcircle.com/classifieds/1254599.html?source=ng
to apply
online.
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For fastest processing of your resume, this employer asks that
you apply to this job using the URL above.
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