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JobCircle.Com
Posted: Sun Jun 08, 2008 1:18 am
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Job Title: Settlements Specialist
Job Location: DE: Newark
Pay Rate: Open
Job Length: full time
Start Date: 2008-06-07

Company Name: JPMorgan Chase
Contact: Recruiter
Phone: email only please
Fax: email only please

Description: %0A %0A %0A %0A %0A %0A %0A %0A %0A 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 ownership 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.%0A %0A %0A %0A %0A 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%0A %0A %0A Specific responsibilities include:%0A %0A %0A o Prepare daily ADR Max revenue analysis report for senior management%0A %0A %0A o Assist brokers throughout the day on numerous phone calls%0A %0A %0A o Assist in backing up trader for routine trades%0A %0A %0A o Continual process improvement and reengineering, including the extensive system testing for X-MAPS implementation and enhancements%0A %0A %0A o Monitor all inbound custodial swift messages for settlements, dividends, corporate actions, balance statements and inquiries%0A %0A %0A . Encode instructions into X-MAPS to include all relevant information (Account #, Destination etc.)%0A %0A %0A . Research all unsettled trades, and follow up with the custodian and trader to determine the cause of delay and reconcile the matter%0A %0A %0A . Prepare and distribute fail reports on daily basis %0A %0A %0A . Keep clients briefed on upcoming changes impacting their trades%0A %0A %0A . Investigate trader and front office in
quiries and respond in a timely fashion%0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A %0A

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 Opportunity and Affirmative Action Employer, M/F/D/V




Please refer to Job code jpmorgan-833337 when responding to this ad.


For FASTEST PROCESSING of your resume, please visit http://www.jobcircle.com/classifieds/1441724.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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