[Latest Job Opening] AWM-AM – Alternatives – Core Ops – Associate Job by JPMorgan Chase Bank, N.A. in Bengaluru, Karnataka

JPMorgan Chase & Company is a leading global financial institution with over $2.9 trillion in assets under management, over 250,000 employees and operations in more than 60 countries.

JPMorgan Asset Management is a global leader in investment and wealth management, with client assets of $2.4 trillion. Its clients include institutions, high-net-worth individuals and retail investors in every major market around the world. The division provides investment management across all major asset classes including equity, fixed income, options, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

job overview

The firm’s Asset Management Operations division is recruiting for Treasury operations within the Alternative Operations team. The team supports multiple middle office operating processes for Global Alternative investments, including: business support, cash management, transaction processing, data compilation and validation, and direct front office exposure for ongoing portfolio management and new customers or products. for launch. The team is responsible for payments and treasury operations. The role will be assigned to ensure that the accounting and reporting functions of the Group are working closely with members of the Treasury Operations team and to ensure that deadlines and deliverables are met.

The candidate must be able to support multiple processes and project deliverables while simultaneously thinking strategically to align with the broader goals and objectives of the organization. The candidate will have exposure to various alternative product types for Institutional, Insurance, Pension and Retirement accounts. The role will require an understanding of business structures to ensure accurate capture of all transactions, complete conciliation checks, and controls. This will involve working closely with various internal and external teams and the business to ensure that deadlines and deliverables are met.

Job Description

• Bank account opening and maintenance
• Implementation, control and monitoring of electronic banking platforms and user-administration
• Inspection and day-to-day management of payment infrastructure:
  • internal stakeholders
  • fund administrator
  • paying agent
  • Payment processing, cash repatriation and investor distribution
  • vendor management support
    • Depository institutions
    • lending bank
    • financial counterparty
  • Treasury Policy – Inspection and Execution
  • Internal and external reporting:
• Financial Risk Management Support
• Monitor, organize and track all vendor invoices, property funding and transfer requests received from GRA teams and process them on Workflow/Kiriba.
• Get daily reconciliation of asset and fund level bank accounts, bank balances and variances. Work with internal/external parties to resolve any discrepancies.
• Monitor fund level account balances and ensure there is enough money available to make payments each day.
• Validate vendor and disposal instructions received from GRA teams and install it on Yardi/Kiriba.
• Work with respective banks for account maintenance and closure as per confirmation from Controller/Asset Manager.
• Ensure all payment flows through Yardi and Kiriba successfully by monitoring the progress each day through the Spectrum tool.
• Collaborate with technical and business teams to improve payment processing tools and uncover potential issues.
• Prepare process analysis and update procedures regularly.
• do ad hoc work

skills

• Excellent communication skills, both written and oral, including the ability to interact with all levels of the organization.
• A strong understanding of the processing of accounts payable.
• Strong problem solving, analytical and decision making abilities.
• Ability to multi-task and prioritize tasks in a deadline oriented environment.
• Ability to think about processes and effects in a non-linear way.
• Detail oriented with strong documentation skills.
• Willingness to “roll up your sleeves” and work independently and as a team player.
• Ability to adapt to rapidly changing business and technological environments.
• Proficient in Microsoft Excel and Word.
• Good to have Kyriba (3rd party payment tool) knowledge/work experience

Qualification

• Bachelor’s degree in Accounting, Business Administration, or Finance.
• At least 5 years of experience in Accounts Payable / Expenditure Processing / Treasury Operations experience or other relevant financial services experience.
• Self-motivated and active ability to work independently as well as being able to work effectively in a team.

JPMorgan Chase & Company, one of the oldest financial institutions, provides innovative financial solutions under the JPMorgan and Chase brands to millions of consumers, small businesses and the world’s most prominent corporate, institutional and government clients. Our history spans over 200 years and today we are leaders in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We believe that our people are our strength and the diverse talent they bring to our global workforce is directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion in our company. We do not discriminate on the basis of any protected characteristic, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any protected under Includes other grounds. applicable laws. In accordance with applicable law, we make reasonable accommodations for the needs of applicants and employees of religious practices and beliefs, as well as any mental health or physical disabilities.