Address
Form of work
Salary
J.P. Morgan Asset Management is the world’s third-largest alternatives manager, with a 40-year history of delivering innovative alternative solutions across market cycles. Our alternative investment engines are managed by highly specialized independent teams, backed by the global reach, vast resources and robust governance of J.P. Morgan Asset Management. Our alternative strategies are designed to achieve specific client outcomes and built to deliver uncorrelated returns to traditional asset classes. Customized alternative portfolios can be tailored to individual client needs. We offer strategies across the alternative investment spectrum, including real estate, private equity and credit, infrastructure, transportation, Liquid Alternatives and hedge funds.
Job Summary
As a Liquid Alternatives Oversight Associate within J.P. Morgan Alternative Asset Management's Hedge Fund & Alternative Credit Solutions team, you will be responsible for assisting senior team members in daily portfolio oversight for numerous liquid alternative funds. Additionally, you will contribute to various transformation initiatives as an team member contributor.
Job Responsibilities
- Produce daily management reporting including evaluating the results in the context of the control environment, portfolio management objectives and investment & regulatory guidelines.
- Prepare Liquid Alts portfolio management monthly reporting for internal stakeholders and fund deal books.
- Create monthly performance comparisons and develop & maintain analysis versus reference hedge funds & indices.
- Ongoing & ad hoc reporting for the Managed Account Solutions business.
- Coordinate the delivery of fund & sub-advisory oversight related activities including material preparation and regulatory reporting.
- Assist with the management of regulatory exams, controls testing and internal audits.
- Provide technical & project management support with new fund launches, sub-advisor onboardings, and counterparties.
- Participate in technology initiatives including the reengineering of legacy processes, implementing new technology, etc. as well as proactively identifying opportunities for new automation and efficiencies.
- Act as a central point of contact for requests, issue resolution, etc. for the Portfolio Management Group, third-party sub-advisors, and fund service providers.
- Monitor investment & regulatory guidelines and escalate & resolve related issues as needed. The responsibility will include both daily Liquid Alternatives as well as the monthly JPMAAM fund-of-funds platform.
- Perform the ongoing maintenance of ESG exclusion lists as well as assist with the build out of carbon measurement tools and oversee the daily cash and collateral management processes.
Required qualifications, capabilities and skills
- Bachelor’s degree in Accounting, Economics, or Finance.
- 2+ years of financial services experience ideally working with hedge funds and or mutual funds.
- A good understanding of daily NAV funds and related service provider functions including custody, prime brokerage, and fund accounting.
- General familiarity of equity and fixed income asset classes as well as derivatives including forex, total return swaps, futures, and options. Related to this knowledge base, a thorough understanding of the lifecycle of a trade is important.
- Intermediate level knowledge and hands-on working experience with scripting languages & data analysis tools including Python, VBA, and Tableau.
- Excellent communication & negotiation skills, both written and oral, including the ability to interact with all levels of an organization.
- Ability to work independently as well within a team dynamic.
- Ability to assess current processes & the overall control environment, identify areas of improvement, and use knowledge of technology to implement practical solutions.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
