The Hedge fund services (HFS) business is a team which plays a critical role in launching a clients business onto the platform. You will collaborates closely with the wider AIS line of business (Fund Accounting, Investor Relations, Compliance, Internal Audit, Operations, Private Equity and Real Estate) ensuring a smooth transition of the fund to a live environment.
As an Associate in the global onboarding team, you will play a crucial role in migrating or launching a client's business onto the JPM HFS business platform. Your responsibilities will include reviewing fund documentation, creating fund structure diagrams, initializing application setups, and completing gap analysis. You will work closely with various teams to ensure a smooth transition of the fund to a live environment. This role provides an excellent opportunity to enhance your skills in client/fund setup on multiple HFS systems and contribute significantly to our team's success.
As the Associate, you will collaborates closely with the wider AIS line of business (Fund Accounting, Investor Relations, Compliance, Internal Audit, Operations, Private Equity and Real Estate) ensuring a smooth transition of the fund to a live environment.
Job Responsibilities:
- Provide a premier client service by building a strong relationship with the investment manager and any other third parties.
- Become proficient in client / fund set up on multiple HFS systems such as Arcesium, FuMA, FAIRx and IRIS
- 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.
- Flag any potential service delivery issues as early as possible, escalate with other team members and manager and adhere to deadlines, communicate delays to manager and ensure work is completed as expected.
- Participate in cross training across the functionalized Onboarding group and work closely with accounting to establish fund structures and allocations.
- On-going review of daily controls and communication of any new training or suggested procedural changes to manager.
- Complete gap analysis on external administrator reports to understand the data points, logging all differences to JPM standards and workflows.
- Complete data mapping of external reports to the data loading templates and reconciliations.
- Work closely with Data Analytics to initialize asset universe and value positions ensuring proper representation.
- Perform detailed NAV reconciliation to administrator with full back up for audit history.
Required qualifications, capabilities and skills:
- A Bachelors Degree finance related.
- Significant experience in the Financial Services industry with prior experience in alternative funds
- Strong working knowledge of fund administration systems and NAV delivery process
- Strong knowledge of hedge fund structures and products including fund of hedge funds.
- Working knowledge of MS Excel & Word
- Ability to effectively communicate with internal and external clients both oral and written
- Professional and proactive approach to work
- Strong organizational skills, concern for quality, accuracy and working to deadlines
- Strong analytical and problem solving skills
- Manage the set up procedures and checklists ensuring all new requirements are captured.
- Perform initial accounting entries for non investment related payables and receivables
ABOUT USJPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAMJ.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
