The Back Office and Payments unit supports activity for the Treasury and Banking businesses through a number of key areas.
Essential Functions & Responsibilities:
• Confirming all trades booked by traders are in accordance with local/JPM requirements.
• Investigate and resolving deal breaks
• Working closely with Middle office/Front office to ensure smooth Trade flow cycle
• Processing Islamic Murabaha settlement
• MIS reporting for volumes/breaks & deal related metrics
• Working closely with product on new business initiatives & internal branches within JPM Chase
• Ensure compliance of the operational environment with Global Corporate Bank principles, corporate policies and local regulations
• Participate actively into the testing phase of target processes and systems
• Design mapping processes, write Standard Operating Procedures and implement Service Level Agreements
• Partnering with regional Product, Risk, Audit, Technology, Project, Finance, GFM, Credit, Trade, Legal, Compliance, Operations & Network Management
Payments
• Execute local currency payments/ receivables through SARIE
• Execute foreign currency payments/ receivables through SWIFT platform
• Perform FX transactions
• Process Core cash products including SADAD payments
• Monitor payments/receivables queues
• Control End of Day workflow versus cut off time
• Post ledger manual entries
Settlement of MM/FX
• Authorization of swift messages for JP Morgan Chase customers (Banks) prior to currency cut-off
• Monitoring settlements for Riyadh Branch and ensuring clearance
• Working with Traders, Middle Office (MO) & Client Service Officers for timely resolution of issues
Confirmations
• Working with traders, MO, Client Service Officers to handle swift confirmations (MT300)
• Escalate appropriately and liaise with MO to get a timely resolution
• Liaise with clients/Brokers to confirm trades or sorting discrepancies
• Match broker trades / Manage Economic affirmation, chase matching and queries
• Publish weekly metrics on outstanding, repair & failed trades / Increase STP
Qualifications:
Technical Skills:
• An understanding / awareness of investment bank products including Repo/Rev Repo, Fixed Income, Money Market & FX
• Good knowledge of operational controls
• Beneficial to have experience around funds transfer investigations and reconciliation of Nostro accounts
• Preferred knowledge of SWIFT message framework
• Preferred knowledge on Islamic Banking products
Teamwork / Leadership:
• Ability to perform in a fast paced environment and handle multiple tasks through effective prioritization
• Strong analytical and problem solving skills, ability to make independent decisions
• Excellent written and oral communication skills
• Fluent in English & Arabic
https://www.naukrigulf.com/transaction-processing-specialist-jobs-in-riyadh-saudi-arabia-in-jpmorgan-chase-3-to-4-years-n-cd-10001025-jid-200921500068