Asset Servicing Specialist

Location: Mumbai, Maharashtra, India

Job Family: Asset Servicing

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client-focused solutions. As an Asset Servicing Specialist in our Mumbai operations, you will join a dynamic team dedicated to delivering exceptional operational support for our institutional clients worldwide. This role is pivotal in ensuring the seamless processing and reconciliation of asset servicing activities, including corporate actions, income collections, and proxy voting. Based in the vibrant financial hub of Mumbai, Maharashtra, India, you will contribute to JP Morgan's commitment to operational excellence, leveraging cutting-edge technology and robust risk management practices to drive client satisfaction and efficiency in the asset management industry. Your day-to-day responsibilities will involve handling high-volume transactions across diverse asset classes such as equities, fixed income, and derivatives, while adhering to stringent regulatory standards like those from SEBI and global bodies. You will collaborate with cross-functional teams, including custody operations, client services, and technology, to resolve exceptions, optimize workflows, and implement process improvements. At JP Morgan Chase, we value precision and proactive problem-solving, and in this role, you will play a key part in minimizing operational risks and enhancing the reliability of our asset servicing platform, which supports trillions in assets under custody. We seek individuals who thrive in a fast-paced environment and are passionate about the financial services sector. This position offers tremendous opportunities for career growth within JP Morgan's global network, with access to world-class training and development resources. If you have a keen eye for detail, strong analytical skills, and a dedication to client-centric service, join us to make a meaningful impact on one of the world's most influential financial institutions.

Key Responsibilities

• Process and reconcile asset servicing transactions including corporate actions, income payments, and trade settlements for institutional clients
• Ensure accurate maintenance of client portfolios in JP Morgan's custody systems, resolving discrepancies promptly
• Liaise with internal teams, clients, and external counterparties to address inquiries and resolve operational issues
• Monitor and execute corporate actions such as dividends, mergers, and stock splits in compliance with client instructions
• Contribute to the implementation of process enhancements to improve efficiency and reduce operational risks
• Prepare and analyze daily reconciliation reports, identifying and escalating exceptions as needed
• Support regulatory reporting and audits, ensuring adherence to JP Morgan's global standards and local regulations
• Collaborate with technology teams to test and deploy system updates impacting asset servicing workflows
• Provide training and guidance to junior team members on best practices in asset servicing
• Maintain up-to-date knowledge of market developments and their impact on asset servicing operations

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field
• Minimum of 2-3 years of experience in asset servicing, custody operations, or related financial services roles
• Strong understanding of financial instruments such as equities, fixed income, derivatives, and alternative assets
• Proficiency in regulatory requirements including SEC, FATCA, and local Indian financial regulations
• Experience with reconciliation processes and exception handling in a high-volume environment
• Ability to work in a fast-paced, deadline-driven setting with attention to detail
• Fluency in English; knowledge of Hindi or other regional languages is advantageous

Preferred Qualifications

• Advanced certification such as CFA Level 1 or equivalent in asset management
• Prior experience working with global custodians or investment banks like JP Morgan Chase
• Familiarity with SWIFT messaging and ISO 20022 standards
• Exposure to data analytics tools for operational reporting
• Demonstrated project management skills in process improvement initiatives

Required Skills

• Proficiency in Microsoft Excel and data manipulation tools
• Knowledge of asset servicing platforms like Aladdin or similar systems
• Strong analytical and problem-solving abilities
• Excellent attention to detail and accuracy in data handling
• Effective communication skills, both written and verbal
• Ability to manage multiple priorities in a high-pressure environment
• Understanding of reconciliation and settlement processes
• Familiarity with financial regulations and compliance frameworks
• Team collaboration and interpersonal skills
• Time management and organizational prowess
• Basic programming knowledge in SQL or VBA for reporting
• Risk assessment and mitigation techniques
• Customer service orientation for client interactions
• Adaptability to changing market conditions
• Proficiency in using financial databases and query tools

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health insurance coverage including medical, dental, and vision for employees and dependents
• Retirement savings plan with employer matching contributions
• Generous paid time off, including vacation, sick leave, and parental leave
• Professional development programs with access to JP Morgan's learning academy and certifications
• Employee wellness initiatives, including gym memberships and mental health support
• Flexible work arrangements and hybrid options for work-life balance
• Global mobility opportunities within JP Morgan Chase's international network

JP Morgan Chase is an equal opportunity employer.