Trade & Working Capital Operations - Specialty Product Specialist IV (Senior Team Member)
JPMorgan Chase
Taguig City, Metro Manila
Permanent
Full-time
18 days ago
Job Description : J.P. Morgan Corporate & Investment Bank is a global leader across banking, markets, and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk, and extends liquidity in markets around the world. As a Specialty Product Specialist IV in Trade and Working Capital, you will be responsible in processing trade finance transactions to help facilitate the purchase and sale of goods. Trade and Working Capital Operations has various product offerings which enables international trade and mitigates the associated risks. The Trade & Working Capital unit, at Philippines Corporate Center is responsible for service delivery activities such as Issuance and Advising of Documentary Letters of Credit, Document Checking under Letters of Credit, Settlement of Import & Export bills under Letters of Credit, Collections, Bank to Bank Reimbursements, Trade Advances and Trade Loans, Documentary Collections, Supply Chain Finance etc., for ASIAPAC, Europe, Middle East & Africa and U.S. region. The team has a global presence of more than 450 headcount spread across 20+ countries, with its main processing hubs located in Mumbai, Bangalore and Manila. Trade and Working Capital Ops operates on an 'originate to distribute' model, leveraging our global network of banks and investors to maximize the financing available to our clients, while adding shareholder value and mitigating counterparty risk. Job Responsibilities Ensure the transactions are processed as per JPMorgan & Chase Co. policies as well as International Chamber of Commerce Rules like Uniform Customs and Practice for Documentary Credits, , Uniform Rules for Bank-to-Bank Reimbursements, etc. Monitor queues and assignment of transaction to the team including pending follow-up and ensure all transactions assigned to the team are completed with utmost quality as per agreed service level agreement. Identify any red flags/ Office of Foreign Assets Control regulatory issues/ Anti Money Laundering& Boycott language breach in the transaction and escalate for review. Adopt best practices by partnering with other transaction processing teams and display willingness to go above & beyond to ensure timely delivery. Identify and escalate issues in a prompt and timely manner which may impact service. Collaborate and share information, and effectively communicates with team members, departmental management and partners in Sales, Service and Product. Demonstrate analytical and problem-solving abilities while processing with a mindset of accuracy and attention to detail. Able to prioritize work and multi-task without making errors. Process orientation with ability to understand upstream and downstream implications. Perform detailed research and resolve issues. Actively participate in new projects. Maintain control of the environment in respect of JPMorgan & Chase Co. policies and the local regulatory rules. Required qualifications, capabilities, and skills At least 2 years of Trade work experience. Bachelor's degree is required. Requires strong computer skills, common PC based software packages including MS Excel, Word, and PowerPoint. Must be fluent in English language: Excellent Verbal, Written & Presentation skills. Understanding of US Regulations & OFAC Compliance. Preferred qualifications, capabilities, and skills Background in Banking industry is an advantage preferably with Accounting and Finance background. Certificate for Documentary Credit Specialists & Certificate in International Trade and Finance certifications will be an added preference.
