at J.P. Morgan
Bulge Bracket Investment BanksPosted 8 days ago
No clicks
**Settlements Senior Associate** in Buenos Aires leads a team of 6 in managing payables and receivables. Key responsibilities include: reconciling bank and brokerage accounts, handling factor/coupon updates, balancing street-side accounts, and reviewing cash breaks. The role requires managing escalated issues, strong English communication skills, proficiency in Microsoft tools, and attention to detail. Strategic thinking, client focus, and teamwork are essential. 5+ years of relevant experience in payables and receivables, preferably with exposure to mortgage-backed securities (MBS), is expected.
- Compensation
- Not specified
- City
- Not specified
- Country
- Argentina
Currency: Not specified
Full Job Description
Location: Ciudad Autnoma de Buenos Aires, Argentina
In Buenos Aires the Payables and Receivables Associate is responsible for:
- Manage a team of 6 including escalations
- Reconciliation of transaction between bank accounts and brokerage accounts
- Pay/Receive charges due to factor/coupon updates / and To Be Announced products
- Balance Street-side accounts
- Daily review of cash reconciliation Responsible for reviewing cash breaks on a daily basis
- Reconciliation on wires and books.
- Approve checklist and other risk tasks
Required skills:
- Manage escalation Work under pressure
- Advanced written and oral English skills (used on daily basis with US Management and US counterparties)
- Proficient in Microsoft tools
- Problem-solving skills, facilitate the understanding of the problem and possible solutions.
- Client/customer focus: Be able to assist internal clients and prioritize queries
- Team player and able to quickly adapt to different scenarios
- Attention to details
- Ability to effectively prioritize workloads and work to critical deadlines while maintaining accuracy and quality
If you join the company, you will be part of a diverse and inclusive team that supports each other and will empower you to do your best work.
Payables and Receivables Team is responsible for collecting/paying funds on the post settlements period once Bloomberg updates the Coupon/Factor and becomes final. The difference between the actual settlement amount of the trade in question and the amount that Bloomberg states needs to be wired/SPO vs the counterparty. Additionally, there is the MBS process which it principal goal Is to collect/Pay regarding TBA (To be Announced) MBS (Mortgages Backed Securities).
