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, co

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. 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 Client & Product Services in Bangalore which forms part of the AWM LOB within GF&BM India. About the Team .P. Morgan Asset & Wealth Management delivers industry-leading investment management solutions. Asset Management division provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through the firm's global network of investment professionals, with around $2.7 trillion of assets under management. We are the investment manager of choice for institutions, financial intermediaries and individual investors worldwide. With more than two centuries of experience, a broad range of core and alternative strategies, and investment professionals operating in every major market worldwide, teams offer investment experience and insight that few firms can match. Asset Management India Client & Product teams covers functions that spans across the entire lifecycle of a client. Starting with Sales & Marketing, the group includes functions like Sales support, Product Strategy, Market Insight, Data Management & Governance, Data Delivery & Solutions and Business Intelligence & Analytics. The Product teams, comprising of Research analysts, Investment Specialists (IS) and Portfolio Management teams are responsible for providing additional insights to our securities coverage universe, strategy design, commercializing and monetizing our strategies. The Client Service group caters to functions like RFP, Onboarding, KYC, Client Reporting and Fund level Governance oversight functions involving Product administration, Board management, Fund's registration, TA Service Delivery, Product implementation and vendor management services. The Product Administration team is the center of expertise and oversight of service providers appointed by JPMorgan Asset Management's U.S Mutual funds and JPMorgan pooled vehicles domiciled in the United States. This role will report to the local Team Lead and will have responsibility for the business management and fund oversight functions 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. The team is highly specialised, multi-disciplinary and operationally monitors the funds range and oversees the providers of administration services throughout the fund's life cycle. The role requires cross functional collaboration with: Portfolio and Risk Management, Legal, Compliance, Product Development, Client Service and the various vendors that provide services to the pooled vehicles. This entails understanding all aspects of registered investment companies including mutual (40 Act) and exchange traded funds, collective trusts and/or 3c-7 funds from an investment, operational, regulatory, taxation (where applicable) and financial reporting perspective. Job Responsibilities: The oversight role includes: Execution of a risk-based oversight model for the JPMorgan proprietary Funds including: all aspects of a fund's operations: daily net asset values, distributions, expenses, fee billing, price publication, issue identification, management and resolution. Review Funds' financial statements and regulatory filings and provide audit assistance to internal stakeholders and external auditors Review all Fund-related regulatory filings (e.g., N-Port, N-CEN, NQ (Part F) CPO-PQR, NPX etc.).Ownership of the audit relationship. Review of data entry into and maintenance of various internal JPM platforms and databases Monitoring of legal publication requirements (prices, prospectuses, notices etc.). Management of dividend distribution process. Daily engagement with counterparts based in United States fund oversight locations. Preparation of materials (including minutes and 15c disclosures) to summarize oversight results to Funds' governing forums (e.g., governance committees, Funds' Board of Directors). Perform ongoing oversight of vendors and participation in vendor oversight forums. Monitor errors and incidents arising for the JPMAM Fund ranges and escalate appropriately Preparation and execution of metrics, performance and management reporting to escalate key issues and status of initiatives. Month end and Quarter end reporting (both internal and external) This requires an understanding of the key characteristics and risks of the US 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 Have at least 2-4 years' relevant experience of Fund Services including exposure to Financial Reporting, Fund Accounting and Regulatory reporting. Additional certifications (e.g., Chartered Accountant, CPA, CFA) a plus . Have expertise in Fund accounting/operations and Financial/regulatory reporting of Investment Funds and oversight. Technical and business knowledge of Fund structures (e.g., collective investment funds, Commingled Funds and investment trusts) and activities from an investment, operational, regulatory, accounting and financial reporting perspective Knowledge of US GAAP, IFRS, US Regulation S-X, US Investment Company Act of 1940, liquidity framework and their operations. Have a financial / fund background, understand the concepts of NAV, custody, transaction costs and knowledge of financial concepts (e.g., global exposure, leverage for example) Working knowledge of securities valuation considerations, mutual funds taxation. Understanding of Financial products including and complex financial instrumentsand capital markets. Understand cash & stock reconciliation processes. In all cases, the candidate(s) must possess and exhibit: Tech literacy including but not limited to proficiency in MS- Office tools such as Outlook, Excel, word and PowerPoint. Knowledge of Alteryx/Xceptor/Python and other automation solutions/tools will be an added advantage. Demonstrated ability to communicate and work effectively with a variety of internal and external stakeholders. Proactive attitude, commitment to continuous learning, willing to challenge the status quo to improve processes. Exceptional consensus building and influence skills, possesses the ability to achieve a common understanding and agreement across groups with differing perspectives. Excellent verbal, written communication and data collection/aggregation skills ability to communicate in a clear and concise manner in any format. Strong problem-solving skills, detail oriented with the ability to understand multiple perspectives leading to effective decision making and effective execution. Ability to get things done in a dynamic and fast paced environment and effectively multi-task. Be analytical, inquisitive, with the ability to self-serve information Demonstrate responsibility and dependability, show strong team spirit. Strong sense of ensuring adherence to risk management and control framework within the organization is a must.