Chief Administrative Officer of J.P Morgan Funds
JPMorgan Chase - New York, NY

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Chief Administrative Officer of J.P Morgan Funds - 130076216

Job Description
JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. The firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients.

J.P. Morgan Asset Management is committed to being the investment manager of choice for our clients and sharing our insights as one of the world's premier investment organizations. Our unique insights come from our market and economic expertise, global research presence and strong heritage of working with the world's most demanding investors.

J.P. Morgan Global Funds Management is among the world’s largest and most respected investment managers. With more than 1,900 employees managing $ 543 billion in assets , we offer a depth of global resources and breadth of investment capabilities few firms can match. *

Our experienced professionals operate across the U.S., Europe, Asia, Latin America and other key financial centers worldwide. Together, they deliver a diverse range of investments spanning all major asset classes, market sectors and geographic regions – from mutual funds to separate accounts, traditional strategies to alternatives, single-asset portfolios to packaged solutions.

At J.P. Morgan Global Funds Management, we draw on a legacy dating back to 1865 to manage assets in today’s complex, ever-changing markets. The hallmarks of our business include a focus on exceptional risk-adjusted performance, an innovative product lineup designed for global diversification and a commitment to the highest quality service. We continue to build strong, growing partnerships with financial advisors and other intermediaries, providing them with insights and investments to meet the needs of their retail, institutional and retirement plan clients (6/30/12).

Job Description

The Chief Administrative Officer of J.P Morgan Funds reports into the COO for Investment Management Americas and works closely with the sales, product, and functional groups. This individual manages the US Platform Management team and is responsible for the business management, administration, and oversight for the J.P. Morgan pooled vehicles including 288 Funds with a total AUM of $543 billion. This Fund complex includes 169 Mutual Funds (AUM $451.2), 104 Commingled (AUM $89) and 15 Hedge Funds (AUM $2.4). Specific responsibilities entail advocacy for the funds within the organization, management and oversight of, fund accounting/administration, security valuation, financial reporting and controls, taxation, sub-advisor activities, all aspects of board of Trustees administration, and product development and implementation.

Responsibilities:
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Funds Treasury o

Management of pooled vehicles and all aspects of their administration including but not limited to Funds daily/monthly net asset value (NAV), setting accounting policies & financial reporting disclosures, evaluation of proposal for new products & changes to existing products, and oversight of the Funds’ financial statements and regulatory filings. o

Oversee all aspects of the funds daily valuation processes and procedures.
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Board of Trustees o
Manages the overall relationship with the Board of Trustees for the JPMorgan Funds and other pooled vehicles ensuring the Board reporting meets all regulatory requirements and is provided with the information necessary to carry out their oversight responsibilities.
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Risk and control: o
Ensures that an appropriate control environment is in place within the Funds Platform Management Group and the broader firm, to support Internal Controls over Financial Reporting as required by Sarbanes Oxley. o
Thought fully assesses and manages business and operational risk; using sound judgment to make appropriate decisions and take action. o
Empowers team to identify key risks and ensure that product design and execution complies with applicable regulatory, accounting and/or tax rules, and that appropriate infrastructure is in place to support the products.
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Tax Administration o
Oversight of tax administration for mutual funds and trusts and partnerships and managing the establishment of tax policy for the funds.
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Product Development and Implementation: o
Oversight of the development, implementation of innovative new products, and ongoing analysts and rationalization of the product line. o
Helps to implement the strategic vision for the Investment Management Americas product range by facilitating the development of new products as well as implementation of new products and changes to existing products that will competitively differentiate JPMorgan in the marketplace over a multi-year time frame.
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Facilitates alignment & creates partnerships across the business o
Partners with oversight and control, legal, compliance, & risk management to ensure that changes in the regulatory environment are implemented as necessary into business practices, best practices are in place across the business, and that there are appropriate contingency plans in place. o
Partners with Portfolio managers, oversight and control, risk management, and regulatory bodies to ensure that the appropriate infrastructure is in place to support the implementation of new products and its shareholders and successfully deliver product related initiatives that address the needs of the various distribution channel. o
Coordinates efforts with the Fund’s Risk and Control Group, Funds Treasury, Compliance and Asset Management business teams to ensure adequate delivery of services and resolution of service and client related items impacting the fund complex. o
Understands global operating models and ensures there is open communication across regions and a focus on driving forward best practices globally. o
Vendor Management: Manages the Funds’ internal and external service provider relationships with both third party and affiliated vendor partners.
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People & Relationship Management o
Talent & Diversity Champion: Partners with IMA COO and Human Resources to build a competitively superior service and support organization by attracting, developing and retaining top and diverse talent to ensure people with the right skills and motivations are in the right place at the right time to meet business needs. o
Champions talent management best practices through effective diagnosis of capability and development needs, effectively utilizing and placing people, and cultivating a learning and growth culture.
Qualifications
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15+ years of financial services experience with a strong background in fund administration, audit, accounting, regulatory matters, and finance/financial reporting
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Specific 1940 Act expertise a must
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Working knowledge of SEC regulation including the requirements under the 1933 and 1934 Acts
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Experience analyzing, communicating and executing against complex business strategies
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Exceptional critical thinking, project management, analytical and communication skills
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Strong track record of delivering on business initiatives in the asset management industry
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Strong knowledge / experience across operations, technology, risk, legal and business management practices
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Demonstrated track record of adapting to a rapidly changing business environment, ability to quickly assess situations and capitalize on change
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Strong communication skills, both oral and written
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Industry involvement staying abreast of industry trends and issue
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Highly collaborative – history of delivering results with and through organizational partner
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Demonstrated success in managing large, highly successful teams
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BA required; MBA and or CPA preferred
Job Asset Management
Primary Location US-NY-New York-270 Park Avenue / 02317

Organization Asset & Wealth Management
Schedule Full-time
Job Type Standard
Shift Day Job
Employee Status Regular

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