Operations - Agency Securities Lending Operations - Associate

Last updated an hour ago
Location:Sydney
Job Type:Full Time

Securities Lending as agent lender provides equity and fixed income securities to broker dealers to facilitate their proprietary and client trading strategies. Where they have a requirement to borrow securities the lending desk negotiates a fee for the loan based on supply and demand and the type of underlying strategy. With 4 desks globally, JPMC offers a 24 hour service in 37 different markets.

Your key responsibilities will include:

  • Providing operational support for the Securities Lending & Cash Reinvestment Trading desks and monitoring client sales, and ensuring adequate inventory for settlement
  • To maintain optimum service level for all clients ensuring any reasons for and proposed solutions to, negative trends are documented and escalated
  • Assist in tracking trends in work volumes, including reconciliation errors and document any negative trends and proposed solutions
  • Escalate issues to the Manager and be involved in taking action to escalate and resolve with the other party. A review is to be done on the issue to ensure procedures are updates
  • Corporate Actions - ensuring manufactured income and stock entitlements are claimed from borrowers on pay date. Provide support for the Securities Lending desk with any urgent queries. Reconciliation of on-loan positions where required for events with a short-turnaround (e.g. RAPIDs). Local point of contact for internal and external queries in the Asian time zone.

To be successful you will need:

  • Minimum 4 years experience in Securities Lending, Collateral Management, Settlements, Trade Support/Middle Office or COACs role with excellent knowledge of Global Financial Markets
  • Bachelor degree or above preferred along with working understanding of the workflows of a custodian
  • Strong inter-personal and communication skills with the ability to build strong relationships with strategic internal & external partners
  • Continued focus on improving processes and procedures along with solid quality orientation
  • Excellent analytical and numerical skills combined with a strong controls focus