Job Description

JOB DESCRIPTION Worldwide Securities Services (WSS) Summary:


J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, WSS leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world. It has $16.1 trillion in assets under custody and $7.3 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.




Department Summary:


Market-leading post-trade compliance reporting services for portfolio risk management. J.P. Morgan's market-leading Compliance Reporting Services enables asset managers, fund sponsors and trustees to efficiently detect and manage violations of client-specified investment rules, facilitating risk reduction and demonstrating industry best practices. With more than 200 clients and 6,000 portfolios-including more than 2,000 mutual funds-the firm services a large number of sophisticated investors globally, representing approximately $2 trillion in assets. Our diverse client list includes corporate and public pensions, investment managers, endowments and foundations, corporate cash, insurers and central banks.

Key Accountabilities/Major Responsibilities:

• Investigating all investment guideline/regulatory breaches to assist the client in the breach resolution process.
• Review & recommending a course of action based on the investigation to assist the fund managers to take corrective action.
• Continuous Improvement in the process by providing solutions to reduce the number of false exceptions/violations or optimizing the way we operate
• Interfacing with onshore Operations and the Operations Service Delivery (OSD) teams on a continual basis drive improvement, efficiency in the process
• Providing solutions to reduce the number of false exceptions/violations
• Providing innovative solutions to client requirements and tailoring available solutions to the changing needs of the client in a timely manner.
• Strong control mindset and ability to weave through processes and identify risk and remediate as appropriate.
• Ensure that s/he is able to become a strong subject matter expert on the function and deliver training sessions and act as a strong "go-to" person in the team & with partners
• Logical, problem-solving, technical person would be ideally suited.
• A good understanding of accounting platforms that deliver NAV's will be a plus.
• Good background in analytical tasks & able to provide solutions to complex asks from end-clients. Providing solutions to reduce the number of false exceptions/violations
• Concentrate on problem-solving technical and involved requests for clients across the globe, as part of discrete implementations of new business.
• Interpreting investment mandates to identify "rules"
• Agreeing reporting criteria with the OSD teams
• Coding identified and agreed "rules" within the Compliance Reporting application
• Regularly communicate with the Ops and OSD teams (over the phone and electronically) discussing potential breaches on the investment mandates relating to assigned funds.
• Create, maintain and test logical rules automatically applied to the financial instruments owned by JPMorgan's clients.
• Act as a key linkage point with the Product & Development, OSD teams & other stakeholders including audit. Is able to provide an e2e view of the rule coded, whether it is working properly and resultant breaches if any.
• Demonstrates understanding of LOB, Sub-LOB & Groups strategy
• Providing innovative solutions to client requirements (including coding the Compliance Reporting application) in sync with optimization of the rule library in place.
• Is able to appreciate specific client nuances successfully and provide an appropriate & optimal solution to meet objectives.
• Takes ownership of work; drives successful completion of team objectives
• Investigate investment guideline breaches with the investment manager to assist the client in the breach resolution process.
• Delivers on client / client-related commitments with the proper sense of urgency
• Keep up to date with industry practice, product development and evolving regulations.
• Strong control mindset and ability to weave through processes and identify risk and remediate as appropriate.

Skills:

• 7+ years or more in Banking / Financial services industry or with accounting firm.
• Good understanding of security types and their accounting treatment
• Awareness of stock market practices & data vendor systems (e.g. Bloomberg)
• Knowledge of the processes of a fund's Custodian Bank and Investment Manager
• Analytical with good problem-solving skills
• Committed approach with the ability to communicate effectively with Stakeholders including OSD, Technology, Audit & Change teams
• Self-Drive for identifying & running automation & change initiatives within the process
• Strong analytical, prioritization, organizational, multi-tasking and negotiation skills
• Flexibility - support department projects and work overtime during peak production periods
• Demonstrates a commitment to acquiring new knowledge and skill sets in order to keep skills relevant and expand critical skills to address current and anticipated demands, certifications, training, etc.
• Knowledge of industry developments and trends
• Securities industry knowledge including dividends, principal & interest, corporate actions and trading activity

Qualifications/Experience/Knowledge

Knowledge and Experience Required:

• Keep up to date with industry practice, product development and evolving regulations
• Learning the latest the technology tools & skills
• Qualification involving financial instruments
• Excellent written and verbal communication
• Problem solving skills
• Experience in managing people, completion of performance reviews and setting objectives
• Demonstrate strong management skills and ability to build key internal relationships across locations
• Strong attention to detail in review of documents and analytical review capabilities
• Experience in managing people, completion of performance reviews and setting objectives
• Demonstrate strong management skills and ability to build key internal relationships across locations
• Strong attention to detail in review of documents and analytical review capabilities
• Degree in related technical area (such as Finance, Mathematics, Economics, Computer Sciences or Business) advantageous but not essential.
• Qualification involving financial instruments beneficial.
• The successful candidate would have at least two of the following key attributes, demonstrated by suitable experience:
+ Strong client servicing experience
+ Coding or report writing experience, ideally with logic-based database systems
+ Excellent financial market and instrument knowledge
+ Compliance reporting product knowledge

ABOUT US

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. 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.







ABOUT THE TEAM


The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.



Operations teams develop and manage innovative, secure service solutions to meet clients' needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.