CIB - Mutual Funds Settlement Specialist - Newark, DE
JPMorgan Chase - Newark, DE

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Job Description

About J.P. Morgan Corporate & Investment Bank

J.P. Morgan's Corporate & Investment Bank (CIB) 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.

IB Mutual Funds Settlement Specialist

JPMorgan has one of the largest client franchises in the world. Our clients include companies, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. We offer our clients a full platform that enables us to develop the most complete and innovative financial solutions in the industry. We have global leadership positions in all our key products - mergers and acquisitions advice, capital raising, restructuring, risk management, and research. JPMorgan also participates in proprietary trading and investing and market-making in cash securities and derivative instruments around the world. We continue to add to the breadth of our platform through organic growth and selective acquisitions, and by developing new products to meet the evolving needs of our clients.

Investment Bank Operations is dedicated to front office/mid office support, trade execution, and general ledger reconciliation and substantiation. Operations works closely with the business to deliver innovative cost effective solutions to complex business opportunities. The technology suite is comprised of stable, multi-entity, multi-currency systems that provide settlement, accounting, standardized messaging, and flexible reporting options across multiple asset classes.

Job Description

As a Securities Settlement Specialist you will monitor, analyze, and process transactions via JPMorgan's Proprietary Systems. You will facilitate the accurate trade flow and timely settlement of domestic money market and mutual fund transactions. You will identify trade discrepancies and mitigate the risks related to the trade life cycle. You will manage complex operational and settlement problems independent of immediate supervision. You will perform a daily reconciliation of positions. You will create and maintain daily and monthly activity reports. You will have daily interaction with the Middle Office, counterparties, traders, fund companies, and immediate supervisors. You will be required to master the complexities of mutual funds settlements as well as gain a solid understanding of the business model and infrastructure.

In addition to the responsibilities listed above, the person in this role is expected to be able to exercise independent decision making skills to mitigate operational risks associated with securities settlement. Must have a control, detail, and efficiency orientation. Candidate is required to review processes and system operations to make recommendations for improvements and system enhancements. Must be able to analyze complex and ambiguous issues and recommend creative solutions.


Mutual funds experience with FundSERV and Networking is strongly preferred

Ability to work in a fast paced deadline driven environment

Bachelors degree or equivalent work experience required

Advanced analytical skills required

Strong written and verbal communication skills required

Strong PC skills (Excel, Word, Access)

Good interpersonal skills

Days/hours: Monday - Friday but must be flexible

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


Securities Operations

Primary Location

US-DE-Newark-CC - Ops 4 / 00778


Investment Bank



Job Type



Day Job

Employee Status




Corporate Brand

J.P. Morgan

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