Wealth Management Solutions, Private Bank Mutual Fund Administration, Treasurer Executive Director - JPMorgan Chase
New York, NY
About the Job
JP Morgan Private Bank is seeking an experienced Executive Director to serve as the Treasurer/Principal Financial Officer for a fund complex within J.P. Morgan Wealth Management. The ideal candidate will have a strong background in fund administration, accounting oversight, and financial reporting, with a proven track record of managing complex fund structures and leading diverse teams.
This crucial role within the mutual funds structure serves as the Principal Financial Officer of the Trust, overseeing all operational aspects of the products. The position is both unique and complex, as the Funds are governed by the SEC and the 1940 Act, utilizing over a dozen sub-advisers and more than ten service providers with over 100 Billion in net assets. An independent Board of Trustees/Directors, composed of former C-suite executives, acts as fiduciaries to the funds.
Oversee a robust fund administration and accounting oversight process, providing direct administration and sub-administration for funds within the Private Bank.Manage internal and external relationships, serving as the primary contact for the Board, Audit Committee Chair, and all vendors, including Custodian/Fund Accounting Administrator, Distributor, Independent Audit firm, Tax services, Class Actions, and Valuation.
Specific areas of responsibility include:
+ Fund Operations:
+ New Product Development and Changes:
+ Financial Reporting and Disclosure Controls:
+ Management Reporting:
+ Valuation Reporting:
+ Lead and manage fund operations within the current oversight model.
+ Implement accounting policies and adapt to new regulations.
+ Establish and execute management's vision for both new and existing products.
+ Collaborate with other JPMPI teams to ensure thorough documentation and review of new products and instruments.
+ Oversee the approval process for prospectus trading and operational models, ensuring appropriate risk-focused oversight controls.
+ Oversee the review of the Funds' financial statements and regulatory filings.
+ Sign off on disclosure control procedures in support of annual audits, monthly N-PORT filings, annual N-CEN, prospectus, and principal financial/executive officer certifications.
+ Experience with 15C reporting is a plus.
+ Review vendor key performance indicators and follow internal escalation protocols related to the oversight of third-party fund administrators.
+ Research and document complex accounting matters, reporting findings to management and/or the Board.
+ Approve daily management appraised fair-valued securities.
+ Review and analyze valuation committee materials, including form N-LIQUID reporting, Reasonably Anticipated Trade Size assumptions, and derivative reporting.
+ Previous experience as a Valuation/Liquidity committee member or chair is highly desired.
Required qualifications, capabilities, and skills:
+ Minimum of 15 years of experience in the investment management industry, specifically related to mutual funds.
+ Experience with a Big 4 public accounting firm and/or relevant industry experience is preferred.
+ CPA certification is highly desired.
+ In-depth knowledge of mutual fund taxation, including distributions, K-1s, and 1099 forms.
+ Comprehensive knowledge and experience across various asset classes, such as fixed income and equities.
+ Expertise in complex instrument types, including derivatives and structured products.
+ Proven experience in running valuation, liquidity, or other internal committees that report to the Board or Fund management.
+ Demonstrated experience presenting in front of a mutual fund board.
+ Strong analytical skills with the ability to evaluate issues, propose, and implement solutions, considering all downstream implications.
+ Highly developed interpersonal skills with the ability to work effectively as part of a cross-functional team.
+ Excellent written, verbal, and presentation skills.
+ Experience in creating Accounting Policy Memos.
+ Proactive attitude with a commitment to continuous learning.
+ Willingness to challenge the status quo to improve processes.
+ Proven ability to manage projects and lead teams effectively.
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
Base Pay/Salary
New York,NY $200,000.00 - $350,000.00 / year
This crucial role within the mutual funds structure serves as the Principal Financial Officer of the Trust, overseeing all operational aspects of the products. The position is both unique and complex, as the Funds are governed by the SEC and the 1940 Act, utilizing over a dozen sub-advisers and more than ten service providers with over 100 Billion in net assets. An independent Board of Trustees/Directors, composed of former C-suite executives, acts as fiduciaries to the funds.
Oversee a robust fund administration and accounting oversight process, providing direct administration and sub-administration for funds within the Private Bank.Manage internal and external relationships, serving as the primary contact for the Board, Audit Committee Chair, and all vendors, including Custodian/Fund Accounting Administrator, Distributor, Independent Audit firm, Tax services, Class Actions, and Valuation.
Specific areas of responsibility include:
+ Fund Operations:
+ New Product Development and Changes:
+ Financial Reporting and Disclosure Controls:
+ Management Reporting:
+ Valuation Reporting:
+ Lead and manage fund operations within the current oversight model.
+ Implement accounting policies and adapt to new regulations.
+ Establish and execute management's vision for both new and existing products.
+ Collaborate with other JPMPI teams to ensure thorough documentation and review of new products and instruments.
+ Oversee the approval process for prospectus trading and operational models, ensuring appropriate risk-focused oversight controls.
+ Oversee the review of the Funds' financial statements and regulatory filings.
+ Sign off on disclosure control procedures in support of annual audits, monthly N-PORT filings, annual N-CEN, prospectus, and principal financial/executive officer certifications.
+ Experience with 15C reporting is a plus.
+ Review vendor key performance indicators and follow internal escalation protocols related to the oversight of third-party fund administrators.
+ Research and document complex accounting matters, reporting findings to management and/or the Board.
+ Approve daily management appraised fair-valued securities.
+ Review and analyze valuation committee materials, including form N-LIQUID reporting, Reasonably Anticipated Trade Size assumptions, and derivative reporting.
+ Previous experience as a Valuation/Liquidity committee member or chair is highly desired.
Required qualifications, capabilities, and skills:
+ Minimum of 15 years of experience in the investment management industry, specifically related to mutual funds.
+ Experience with a Big 4 public accounting firm and/or relevant industry experience is preferred.
+ CPA certification is highly desired.
+ In-depth knowledge of mutual fund taxation, including distributions, K-1s, and 1099 forms.
+ Comprehensive knowledge and experience across various asset classes, such as fixed income and equities.
+ Expertise in complex instrument types, including derivatives and structured products.
+ Proven experience in running valuation, liquidity, or other internal committees that report to the Board or Fund management.
+ Demonstrated experience presenting in front of a mutual fund board.
+ Strong analytical skills with the ability to evaluate issues, propose, and implement solutions, considering all downstream implications.
+ Highly developed interpersonal skills with the ability to work effectively as part of a cross-functional team.
+ Excellent written, verbal, and presentation skills.
+ Experience in creating Accounting Policy Memos.
+ Proactive attitude with a commitment to continuous learning.
+ Willingness to challenge the status quo to improve processes.
+ Proven ability to manage projects and lead teams effectively.
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
Base Pay/Salary
New York,NY $200,000.00 - $350,000.00 / year
Source : JPMorgan Chase