Securities Services Reconciliations Transformation Business Analyst

Location: Mumbai, Maharashtra, India

Job Family: Data Operations

About the Role

At JPMorgan Chase, we are at the forefront of financial services innovation, and our Securities Services division plays a pivotal role in providing custody, fund administration, and middle-office solutions to institutional clients worldwide. As a Securities Services Reconciliations Transformation Business Analyst in our Mumbai office, you will drive strategic projects aimed at optimizing reconciliation processes, enhancing operational efficiency, and delivering data-driven solutions. This role within the Data Operations category offers the opportunity to contribute to high-impact transformations that support our global client base, leveraging cutting-edge technology to streamline trade, cash, and position reconciliations in a complex regulatory landscape. In this position, you will collaborate closely with operations, technology, and compliance teams to analyze existing workflows, identify bottlenecks, and implement scalable improvements. Your responsibilities will include developing business requirements for automation tools, conducting gap analyses on reconciliation discrepancies, and ensuring alignment with key regulations such as EMIR and MiFID II. By focusing on data quality and process standardization, you will help reduce operational risks and costs, enabling JPMorgan Chase to maintain its leadership in securities services. This role demands a proactive approach to problem-solving and the ability to thrive in a dynamic, fast-paced environment. We value professionals who bring a blend of financial acumen and technical expertise to the table. Joining JPMorgan Chase means becoming part of a supportive culture that emphasizes innovation, diversity, and career growth. In Mumbai, you will benefit from our state-of-the-art facilities and access to global networks, positioning you to make a meaningful impact on our Securities Services business while advancing your career in the financial industry.

Key Responsibilities

• Lead strategic initiatives to transform and optimize reconciliation processes within JPMorgan Chase's Securities Services division
• Analyze current reconciliation workflows to identify inefficiencies and recommend data-driven improvements
• Collaborate with cross-functional teams including operations, technology, and compliance to implement process enhancements
• Develop and execute business requirements for new reconciliation tools and automation solutions
• Monitor key performance metrics and ensure alignment with regulatory standards and internal controls
• Conduct gap analyses and root cause investigations for reconciliation breaks and discrepancies
• Facilitate stakeholder workshops and present transformation roadmaps to senior leadership
• Support the integration of advanced analytics to enhance data quality and operational efficiency
• Contribute to risk management by ensuring robust controls in reconciliation transformations
• Drive continuous improvement projects to reduce manual interventions and operational costs

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Computer Science, or a related field
• Minimum of 5 years of experience in business analysis, reconciliation processes, or data operations within the financial services industry
• Proven track record in driving transformation projects in securities services or custody operations
• Strong understanding of reconciliation methodologies, including trade, cash, and position reconciliations
• Experience with regulatory requirements such as Dodd-Frank, EMIR, or MiFID II in a global banking environment
• Proficiency in data analysis tools and SQL for querying financial datasets
• Ability to work in a fast-paced, cross-functional team environment at a leading institution like JPMorgan Chase

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) or relevant certifications like CFA or FRM
• Experience in agile methodologies and project management tools such as Jira or Confluence
• Prior exposure to JPMorgan Chase's internal systems or similar custody platforms like those used in Securities Services
• Knowledge of emerging technologies like AI/ML for reconciliation automation
• International experience in financial markets, particularly in APAC or EMEA regions

Required Skills

• Proficiency in SQL and data querying for financial reconciliations
• Expertise in reconciliation software like Aladdin or similar platforms
• Strong analytical and problem-solving abilities
• Excellent communication and stakeholder management skills
• Knowledge of financial instruments including equities, fixed income, and derivatives
• Experience with data visualization tools such as Tableau or Power BI
• Project management skills using agile or waterfall methodologies
• Understanding of banking regulations and compliance frameworks
• Proficiency in Microsoft Office Suite, particularly Excel for financial modeling
• Ability to handle large datasets and perform root cause analysis
• Team collaboration and leadership in matrixed environments
• Adaptability to evolving technologies like automation and AI
• Attention to detail in high-stakes financial operations
• Strategic thinking for process optimization
• Risk assessment and mitigation expertise

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement for relevant certifications
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers, wellness programs, and mental health support
• Global mobility opportunities within JPMorgan Chase's international network

JP Morgan Chase is an equal opportunity employer.