JPMorgan Chase Bank, N.A. Hiring for AWM – Product Administration – Analyst at Mumbai, Maharashtra Full Time

Full Job Description
About the Employer
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .

Global Finance & Business Management (“GF&BM”) India is a combined LOB-aligned (Line of Business-aligned) finance & business support team located in India and is part of JPMorgan’s global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked with managing the firm’s Finance function, responsible for reporting quarterly earnings and complying with regulatory requirements along with managing the firm’s capital.

GF&BM India was established in September 2002 and currently we have a network of more than 3400+ professionals based out of our Mumbai, Bengaluru and Hyderabad offices who support four main “pillars” of work – Controllers, Planning & Analysis, Finance Operations and Business Client & Products. The teams in India are aligned to the respective LOBs that they support which include Corporate and Investment Banking (CIB), Commercial Banking (CB), Consumer and Community Banking (CCB), Asset & Wealth Management (AWM) and Corporate/Firmwide functions.

We have a strong culture that embodies the principles that guide us in how we do business across the firm. We strive to create a workplace that values and respects individual viewpoints, while at the same time challenging the status quo to make continuous improvements in our processes.

JPMorgan is an equal opportunity employer and places high value on diversity and inclusion. We recognize that our people are our strength and diversity of thought and practices makes us more successful.

The current opening is within Product Administration in Mumbai which forms part of the AWM LOB within GF&BM India.

About the Team

The Product Administration team is the center of expertise and oversight of service providers appointed by JPMorgan Asset Management’s Luxembourg, France, Irish and UK domiciled funds for which it acts as a UCITS Management Company or AIFM.
Acting as Management Company or AIFM means that JPMorgan Asset Management has been delegated full responsibility from the fund boards to manage the funds, administer the funds and distribute them. JPMorgan Asset Management managers carry personal responsibility and liability towards the fund board and regulators.
The team is highly specialized, multi-disciplinary and operationally monitors the JPMAME funds range and oversees the providers of administration services throughout the fund’s life cycle. The team is responsible for the oversight of all BAU activity performed by external service providers on the funds, ensuring that the highest standards are met by the relevant service providers, and managing the service delivery of fund administration vendors, except T/A.
Job Responsibilities:The oversight role includes:Monitoring Fund Administration service provision delivered by our external Fund Administrators, incl NAV error remediation process- NAV OversightDaily review of market events in relation to fair valuation of assets and/or marketsManage fund lifecycle events (fair valuation, Fee Billing, swing pricing, fund calendar, launches, liquidations)Monitoring of statutory/regulatory reporting (eg-AIFMD, UCITS Risk Reporting, FBARetc) incl. financial statements and Long Form process, Ownership of the audit relationship.Financial reporting , Forecasting and disclosure controls – assist in the review of the funds financial statements and executing of disclosure control proceduresMonitoring of Audit/Consultancy/Publication budgetsMonitoring of legal publication requirements (prices, prospectuses, notices etc.), monitoring fund price deliveryManagement of dividend distribution processManagement of vendor relationships involved in the administration of the fundsManagement of operational interaction with the funds’ Boards of DirectorsAd-hoc tax impactsMonitor errors and incidents arising for the JPMAM Fund ranges and escalate appropriatelyReview and monitoring of management fees and performance fees calculations and invoices/paymentsMonth end and Quarter end reporting (both internal and external)
This requires an understanding of the key characteristics and risks of the JPMAM Lux ,UK Fund ranges to ensure that internal checks/controls highlight issues as and when they arise. It is key to develop/maintain a strong working relationship with internal and external groups undertaking the BAU role for Transfer Agency, Fund Accounting, Trustee & Depositary Services and Custody to ensure clear communication and ensure adequate standards are being met and escalation occurs as required.
The Fund range is extensive, covering separate investment vehicles, many active sub-funds, multiple share classes priced daily, and entails assets classes from stable NAV money market funds, simple equity and fixed income funds, as well as OTC intensive structures. Fund vehicles are domiciled in multiple jurisdictions
Hiring Criteria / specific candidate(s) profiles required
Have At least 3 – 5 years’ Fund accounting/Financial Reporting experience. Additional certifications (e.g., Chartered Accountant, CPA, CFA) a plus .Have experience of fund and instrument (e.g., fixed income, alternatives and equities, derivatives and structured products) valuationUnderstand cash & stock reconciliation processes,Have an understanding of fund products and accounting principles in EMEATechnical and business knowledge of Fund structures (e.g., collective investment funds and investment trusts) and activities from an investment, operational, regulatory, accounting and financial reporting perspective)Have Lux, UK Gaap and IFRS expertiseHave knowledge of audit/reporting requirements applicable to Luxembourg ,UK and Irish funds distributed across the globeHave a financial / fund background, understand the concepts of NAV, custody, transaction costs and knowledge of financial concepts (e.g. global exposure, leverage for example)In all cases, the candidate(s) must:Be very structure and organizedShow strong accuracy and attention to detailBe able to query and challengeBe at ease with complex UDTsExcellent written, verbal and presentation skills; ability to communicate in a clear and concise manner in any format.Have excellent personal resource managementBe analytical, inquisitive, with the ability to self-serve informationAbility to thrive in a fast paced environment and effectively multi-taskDemonstrate responsibility and dependability, show strong team spirit
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.