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| Job Location | Bangalore |
| Education | Not Mentioned |
| Salary | Rs 2.0 Lakh/Yr |
| Industry | Banking / Financial Services |
| Functional Area | Back Office Operations |
| EmploymentType | Full-time |
TCM offers innovative solutions and services to various LOBs across multiple asset classes and geographies. The unit maintains relationships with hundreds of clients worldwide. In addition to this J.P. Morgan is an industry leader in providing clearing, custody, operations, and technology and order execution capabilities to broker dealers worldwide.TCM Group is responsible for invoice management, validation/reconciliation, and allocation of charge to various LOB, Cost Centers, timely payment, NOSTRO Clearance, and MIS ReportingTrading Cost Management The objectives of TCM Group are:(1)Daily maintenance and reconciliation of the books and records of the J.P Morgan Clearing Corp, (JPMCC) relating to clearing activities and balancing of incoming and outgoing funds(2)Payments to counterparties and broker dealers(3)Reporting of any abnormal trade activity to Product Controllers/traders that is consistent with the Firm s internal policies and procedures, and in accordance with Federal, State and New York Stock Exchange, Inc. ( NYSE ) regulations, as well as all other self-regulatory organizations of which the Firm is a member or to whose jurisdiction the Firm is subject. The Department is responsible for:Balancing all JPMCC entities within the books and records processing streamBalancing omnibus and suspense accountsBank and international product reconciliationsMonitoring international operations suspense accountsBalancing JPMCC inter-company trading accountsMonitoring data processing charges allocated to select operational areasReconciling delivery-versus-payment account balancesAnalyzing, accruing, allocating, and paying Electronic Communication Network (ECN) invoicesSEC Fees Direct payment & Non Direct paymentAnalyzing, accruing, allocating, and paying international bank / floor brokerage / Stock Loan fees etc.Creating weekly/monthly management reportsSpecial projectsReceivable and Payable functions for stock loans/borrows and Clearing Member Trade Agreements (CMTA) for optionsMore specifically, the Department s activities include:Control Management & Reporting Functions:Omnibus account reconciliations of Continuous Net Settles (CNS)The reconciliation of cash movement from JPMCC to JPMSI & JPMSL through the Firm omnibus accountsReconciling Daily Suspense Accounts U.S. and currencies for operations and International and Custodial Trust Company or CTC)Balancing of Bookkeeping Journal U.S. and currenciesDaily balancing of Bank AccountsCMTA Receipt and payment of CMTA commissions and reconciling of receivable/payable accountsMonthly booking of income/expense and reconciling stock loan/borrow accounts, daily reconciling of receivable/payable accountsNotification letters to clients of cash and stock transfersReconciling security and NOSTRO positions/ transactions breaks for proprietary and Prime brokerage accounts by referring it to settlements/ Middle Office/ Agents systems/reportsProcess invoices from external parties and resolve/escalate discrepancies to OU(Organization units)/Middle officeProcess journal s into firm/client accounts to resolve breaks & Reconciles cash flows through various systems and client accountsPerform reconciliations with regards to client accounts in firms portfolio management systemReconciliation over Geneva application versus JPMCC Books and Records positions and balances,
Keyskills :
offersprime brokerageinternational operationstrade agreementsportfolio managementnysedata processingnostroclient accountscost managementtradingstock exchangemisprimetcmcashcustodynettrust