Job Summary
JPMorgan is one of the world's top five most admired and prominent companies. People are our strength and the diverse talents they bring to our global teams are directly linked to our success. We embrace a culture of continuous learning, and we are passionate about using technology and process improvements that enable our world class team to achieve great results for clients. Come join us and be a part of one of the best financial services companies in the world.
As an Associate I within the Global Bank Loans team, you will play a crucial role in the onboarding, servicing, and maintenance of bank loans across global traditional fund services. Your primary focus will be on the Onboardings team, where you will be responsible for collecting necessary data for onboarding new bank loans, establishing accounts on various internal and external systems, loading incoming positions and reconciling day one positions to ensure accuracy, and proving a seamless transition to the operations teams after onboarding.
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In addition to these core responsibilities, you will handle communications and take ownership of processes to ensure timely completion of onboardings. Success in this role requires being proactive, organized, and agile, with the ability to manage multiple projects simultaneously in a high-pressure, time-sensitive environment.
Job Responsibilities
- Be the point of contact for each project by taking ownership of end-to-end onboarding activities including fund manager communications, instruction capture setups, static data configurations, and eventually bringing the accounts live.
- Create and use multi-source reconciliation models to determine, investigate, and help resolve differences during Production Parallel stages.
- Monitor, track, and complete numerous JIRAs on a daily basis.
- Process trade, lifecycle, and settlement related activities for all bank loan types
- Develop a deep understanding of the bank loan model and presenting it to clients and fund managers
Required qualifications, capabilities, and skills
- Bachelor degree or prior work experience
- A strong entrepreneurial attitude with the mindset of taking ownership of assignments
- Strong technical skills including accounting fundamentals and theories
- Knowledge of 40 ACTs Fund Accounting, Financial Reporting and Tax Operations
- Ability to be effective in a global operating environment and a matrix management organizations
- Ability to build and maintain effective working relationships with clients and counterparties
- Self-motivated with a flexible approach to working hours
Preferred qualifications, capabilities, and skills
- Quick learner both technical knowledge and systems
- Results orientated; ability to create and sustain a target driven environment
- Knowledge or prior work experience with Bank Loans, OTCs, or other Complex Assets
- The ability to construct these reconciliation models is highly preferred.
ABOUT US
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.