JPMorgan Chase CFS MO : FOF CUSTODY in Brooklyn, New York
J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of J.P. Morgan Chase & Co. (NYSE: JPM), a global financial services firm.
J.P. Morgan Custody provides Institutional investors access to markets worldwide for the settlement, safekeeping and asset servicing of securities, along with ancillary services such as Foreign Exchange and Liquidity Solutions. This product suite, along with our Markets business, helps us service our core client segments: Asset Managers, Asset Owners, Insurance/GSEs, Banks/Broker Dealers and Hedge Funds and Alternatives. We are committed to delivering investor solutions that help clients protect their portfolios, optimize their efficiency and maximize opportunities in diverse global markets.
The CFS Middle Office Department is responsible for ensuring all aspects of operations for clients are completed, transactions are processed on time, exceptions are resolved proactively; provide single point of contact team and subject matter expertise to the clients. Middle Office covers trade instruction capture, settlement; fail management, cash instruction capture, projections, overdrafts, asset servicing instruction capture, dividends, foreign exchange, collateral, derivatives lifecycle management and bank loans.
Reporting to the Fund of Fund Custody Operations Manager, you will be responsible for the following:
Day to day monitoring of incoming client instructions i.e subscription, redemption, transfer and switches
Timely and efficient processing of said orders into custody platform and onwards to external counterparties
Completion of all necessary paperwork to facilitate order processing i.e subscription documents, stock transfer forms etc
Processing of all related cash for subscriptions/transfers and monitoring for incoming proceeds
Ensure compliance as appropriate with regulatory requirements and with the relevant short, medium and long-term goals, objectives and values of JP Morgan
Day to day monitoring of incoming administrator communications i.e contract notes, statements etc
Taking appropriate action with respect to client queries
Complete bookings to aid in monthly position reconciliations
Monitor, analyze, input and process all corporate action activity on client portfolios in a manner consistent with internal and client SLA
Provide regular feedback to managers and more senior colleagues with regard to workflow, issues etc.
Liaise with external counterparties and other departments in a competent and professional manner at all times as representative of JP Morgan and the Custody Dept.
Assist with ad hoc projects/requests as deemed appropriate by Managers and more senior colleague’s i.e portfolio transitions, system testing etc.
Handle and resolve complex/unusual operational problems that are referred from above or from Custody Client Service Group
Strong skills with Microsoft Office products an advantage (Word, Excel, Project, PowerPoint)
Experience with Process Management, Analysis and Design methodologies.
Self-starter and ability to learn quickly
Anticipate issues and aggressively drive initiatives to ensure results
Continually strive to develop expertise demonstrating judgment and an understanding of the business
Ability to work closely with business partners and interact with all staff levels
Ability to be flexible, follow tight deadlines, organize and prioritize work
Make sound operational decisions in those instances consistent with appropriate client service and internal Management demands
Business and Subject Matter Knowledge:
Strong financial markets product knowledge and understanding of transaction lifecycle in Custody and/or
Subject matter expertise in Hedge Funds and Mutual Funds
People and Communication:
Strong oral and written communication and presentation skills including the ability to communicate strategic messages clearly and consistently with the team, making linkages to individual goals and accomplishments
Strong relationship management and partnership with a large array of constituents; ability to manage by influence to promote change
Proactive in identifying and escalating issues
Education and Certifications
- Bachelor’s Degree required or equivalent
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.