CIB - Custody & Fund Services - Alternatives Transformation - Associate

Job description

About J.P. Morgan

J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. If you are interested in working in an environment where leadership, excellence, initiative and diversity are amongst our core values, then we welcome you to explore the opportunities at JPMorgan. Information about J.P. Morgan is available atwww.jpmorganchase.com .

 
About J.P. Morgan & Investment Bank

J.P. Morgan’s Corporate & Investment Bank (C&IB) 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.

 
Custody and Fund Services

Custody and Fund Services, a division of J.P. Morgan Chase Bank, N.A.’s Investor Services business, is a global industry leader with $18 trillion in assets under custody. J.P. Morgan provides innovative custody, fund accounting and administration and securities services to the world’s largest institutional investors, alternative asset managers and debt and equity issuers. J.P. Morgan’s Custody and Fund Services business is comprised of Custody, Accounting, Transfer Agency, Middle Office outsourcing, Foreign Exchange, and other activities related to servicing assets for traditional and alternative funds; it leverages its scale and capabilities in more than 100 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services.

Position Summary

The Alternatives transformation role will form part of the team focusing on migrating or launching a client’s business onto the JPM HFS business platform.  The Onboarding team will be required to perform tax lot and balance sheet establishment at a point in time, reconciliation to third party records incorporating accounting and ledger functions, most low-to-medium complexity operational functions, and low-to-medium complexity data analysis functions.

Key responsibilities:

·  Analyze and translate existing Client and Administrator data to match JPM standards and workflows. Flag any potential service delivery issues as early as possible managing the resolution.
·  Complete Nav2Nav comparisons during the parallel process investigating and managing any differences.
·  Work closely with the Data Analytics teams to initialize asset universe and value positions ensuring proper representation.
·  Act as part of a team designing and implementing solutions in conjunction with Arcesium and other technology initiatives. 
·  Help to develop custom automations to increase system efficiency, quality and effectiveness.
·  On-going review of daily controls leading the development and maintenance of procedures and checklists.
·  Participate and provide cross training across the Onboarding teams.
·  Provide a premier client service by building a strong relationship with the investment manager and any other third parties.
·  Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files contain all required information prior to closing an event and filing.
·  Ensure all Onboarding-related issues are resolved timely and in full agreement with Operations. Maintaining issue logs for both internal and external parties with audit back up.

Qualifications:
·  In-depth understanding of the Alternative Investment sector
·  Extensive knowledge of hedge fund structures and products including fund of hedge funds.
·  Knowledgeable of operations and accounting processes / technologies
·  Working knowledge of MS Excel & Word
·  Demonstrated ability to think strategically with respect to product strategy and development agenda
·  Ability to work independently and also effectively in a matrix organisation
·  Strong leader within a team environment with the ability to set high standards and focus the team on achieving & improving on them
·  Strong client management skills and ability to build key relationships
·  Ability to motivate and influence to improve service standards.
·  Ability to work under pressure and to tight deadlines

JPMorgan offers an exceptional benefits program and a highly competitive compensation package.

 

JPMorgan is an Equal Opportunity Employer.