JPMorgan Chase Jobs – Oversight & Administration

About the job

Overall Purpose of the Position

The Fund Oversight & Administration department’s mission is to be the centre of excellence for the administration of JPMorgan Asset Management’s UK fund range. This covers 46 OEICs (300 share classes) and 20 Investment Trusts in the UK, consisting of over £50 billion in AuM. It is a multi-disciplinary team whose goal is to manage and oversee JPMorgan Asset Management’s investment products throughout their life cycle.

Job Overview

The primary responsibility of the candidate will be to assist the Manager and wider team in maintaining a robust and efficient control model in an extremely dynamic environment, with principal focus on the daily NAV oversight process across our UK Fund Range (NAV review, portfolio valuation, swing pricing and swing factors, fair valuation requirements, interactions with fund managers, fund administrators/Depositories and key partners).

The role is highly visible within the organisation and requires working collaboratively across functions including: Portfolio Management, Risk, Legal, Compliance, Product Development, Client On-boarding Management, Sales/Distribution, Client Service and various partners that provide services to the UK Funds.

The team deals with various Fund initiatives with the responsibility of ensuring these are seamlessly managed into BAU.

The UK Fund Oversight & Administration team are the window into Fund Accounting for multiple teams across the firm providing a point of escalation for service-related issues for both FA and Depositories.

The accountability of JPMAM remains unchanged by external delegation and the team are responsible for overseeing the delivery of these services and managing the relationships with the appointed FA/Depositories and other key vendors.

The team review KPI’s, ensure consistent quality monitoring is undertaken, service reviews are attended, appropriately audited and positive change is driven forward to reduce any service issues and enable the firm to gain efficiencies.

Areas Of Responsibility Include, But Not Limited To

• Chair/Join/Represent the business at various internal committees/forums
• Work collaboratively across locations and drive synergies with Asia / US / EMEA
• Understand and contribute to business strategy and ensure it is relayed back to our vendors
• Understand industry changes and determine FA & Depositary business impact
• Manage the daily delivery of our UK Funds NAVs in line with agreed SLAs and KPIs
• Provide Fund Accounting expertise to the wider business and assist teams where required
• Manage fund initiatives from a Fund Accounting / NAV perspective.

Examples Of Initiatives That Are Managed Are

• Fund launches / terminations
• Share class launches / terminations
• Fund mergers, name and fee changes
• In-specie redemptions
• New market openings
• Coordination and management of issues which impact NAVs i.e., price errors
• Review and provide feedback on fund documentation. i.e., Prospectus, KIID, Factsheets, Client letters
• Attend and contribute to monthly service reviews with Fund Accounting / Depositary and other key partners Own reviews of SLAs and KPIs as appropriate
• Review and update procedures whilst consistently challenging to ensure maximum efficiency

Candidate Skills, Experience And Knowledge

• UK fund accounting experience
• Experience of fund and instrument valuation across diverse asset classes (note: NAV’s are calculated by third-party partners)
• Knowledge of UK Funds industry – predominantly OEICs and Investment Trusts
• Technical and business knowledge of various UK Fund structures and activities from an investment, operational, regulatory, accounting and financial reporting perspective
• Knowledge and experience across multiple asset classes (e.g., Fixed Income, Fund of Funds, Alternatives and Equities) and complex instrument types (e.g., Derivatives and Structured Products)
• Advanced user of Microsoft applications (Excel, Power Point, Word and Outlook)

Key Competencies

• Must be well driven and dynamic with an ability to build relationships both internally / externally
• Proactive ‘can do’ attitude is vital
• Commitment to continuous learning and willingness to challenge to improve processes
• Flexibility, strong organisational and time management skills are vital
• Team player, ability to share best practices as well as ability to work on their own at times
• Strong analytical skills with aptitude to evaluate issues, propose and implement solutions
• Excellent attention to detail
• Excellent written and verbal skills; ability to communicate in a clear and concise manner in any format
• Positive attitude to compliance, controls and risk mitigation

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

JPMorgan is an Equal Opportunity Employer.

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.