International Private Bank – Fund Onboarder – International Funds Onboarding team – based in Geneva or London recruitment
JPMorgan Chase Co. is a leading global financial services firm with assets of more than $2 trillion, over 200,000 employees and operations in over 60 countries. It operates across six business segments including Investment Banking, Commercial Banking, Treasury Securities Services, Asset Wealth Management, Retail Financial Services and Card Services.
The Wealth Management division of JPMorgan Chase Co. is part of the Asset Wealth Management business segment. It has offered for over 160 years customised solutions and client service of the highest quality to solve the complex needs of wealthy individuals and their families around the world. With assets under management of $1.25 trillion, it is one of the largest asset and wealth managers in the world.
Investment management products and services is a core offering within the Wealth Management division of JPMorgan Chase Co. It offers the full spectrum of investment strategies - from equity, cash management, fixed income, currency and asset allocation to alternative asset classes such as private equity, real estate and hedge funds. These strategies are delivered to clients in a variety of structures, including fund and fund wrappers.
The Private Bank Global Funds platform is a multi-fund platform that provides pooled investment solutions to Private Banking clients around the globe. This platform comprises 540 funds with approximately $45 billion in assets under management.
An exciting opportunity has arisen for a Fund On-boarder to join the International Funds On-boarding team in Geneva or London at an Associate level.
Team Overview
The International Fund On-boarding team is responsible for the On-boarding/ongoing support of mutual funds, ETFs and Hedge Funds UCITs for our International Platform. The team works closely with Private Bank Manager Selection, Investor Relations, Legal, Compliance, Tax and Risk to ensure both JPMorgan Chase Co. and Third Party funds are available for our International business. This process involves building a strong relationship with Fund houses, establishment of legal agreements and marketing material, prospectus reviews, share class selection, and determining the suitability of funds for distribution and share classes for different jurisdictions based on a series of regulatory, tax and compliance information.
The team works on any business or regulatory projects that impact regulated funds. This currently includes RDR, FATCA, UCITs IV.
The team is also responsible for the oversight and maintenance of all distribution and marketing data/material required by each of our key jurisdictions.
Responsibilities
Fund On-boarding process
- Coordinating the Mutual Funds, ETFs and Hedge Funds UCITs on-boarding process.
- Working with Fund houses to ensure the service they provide is in line with our Global Distribution requirements.
- Responsible for assessing suitability of new Mutual Funds; prospectus review, share class selection, working with Corporate Tax, Risk and Compliance and presentation of research at Investor Committees.
- Monitoring and maintenance of suitability and distribution data for approved Funds.
- Working with Legal team to negotiate Distribution Agreement with Fund houses.
Ongoing support
- Dealing with Investor queries on Fund suitability.
- Working on projects impacting regulated funds/ETF's.
- Oversight of status changes on Funds.
- Facilitating changes to Legal Agreements.
- Working with Fund houses to improve Distribution availability of funds.
Individual must bring a relentless focus on execution and enjoy taking ownership for the delivery of measurable results. They must also possess the following skill sets and relevant experience:
- Excellent communication and relationship management skills
- Strong multi-tasker, highly organized and strong prioritization skills
- Adaptability/ability to work in fluid environment
- Highly detailed-oriented
- Good negotiation skills
- Good presentation skills
- Intermediate knowledge of Mutual Funds and ETFs
- Good knowledge of Excel (up to macro level) and PowerPoint essential
- Team worker
- Proven ability of problem solving / "Can do" attitude
- Ability to take initiative and work without constant supervision
- Experience of working with Legal Agreements an advantage
- Familiarity with regulated funds prospectus an advantage
- Superior English written verbal communication skills and ability to interface with various groups in the organization from Portfolio Managers, Third Party Fund Administrators, Middle Office and Operations.
- Financial services background - particularly Familiarity with regulatory framework around Mutual Funds an advantage
- Additional languages are an advantage.
- Strong recommendations at the appropriate time.