Alternatives Operations Associate

Overview

As an Alternative Operations Associate on the Hedge Fund Solutions Team within Alternatives Middle Office, a division of JPMorgan Alternative Asset Management, Inc. with $12 billion in assets in fund of hedge funds, private credit and multi-manager customized portfolios you will be an Alternative Operations Associate with strong interpersonal and operational skills to perform and/or oversee the operational functions of its clients and service providers (administrators, custodians, etc.).

• Create, manage and review all documents and spreadsheets relating to subscriptions, redemptions, transfers and conversion processing for both Investors and Investments

• Execute complex Investments in and out of underlying Hedge Fund Managers (both USD and FX)

• Work closely with portfolio management team and risk on the finalization of trades/executions

• Daily Interaction with Compliance and Legal on all aspects of investment documentation

• Daily cash and trade reconciliation

• Working directly with clients, clients support teams, and internal working teams on new product launches and new business initiatives

• Offering guidance/support/knowledge to various clients, client support teams and JPM teams on product services and processes

• Establish efficient workflow processes between JPMAAM and our client's Fund Administrators/custodians

• Proactively look for means of automation, efficiencies and scalabilities - consistently work with business groups to make enhancements to current systems and processes

• Work with internal or external vendors to minimize risk, maximize efficiency and ensure service quality

• Responsible for resolving problems and discrepancies both internally and externally

• 4 years of relevant experience

• Proactive, detail oriented, team player with strong organizational/multi-tasking skill set

• Strong working knowledge of products with an emphasis on Subscription, Redemption, Conversion and Transfer processing

• Experience in FOF trade execution, completion of hedge fund documents

• Strong ability in working with and instructing and/or communicating with Fund Administrators/Custodians/Clients/Fund Managers

• Understanding product needs and implement adequate procedures and improvements across products

• Excellent database knowledge required - Specifically Microsoft Excel.

• Ability to communicate directly with all levels of Senior management within the business and throughout the organization

• Ability to take on additional responsibilities as the group expands

• Knowledge of Transfer Agent, Registrars, Custody Operations and Foreign Exchange functions

• 6-8 years of relevant work experience - working with Fund Administrators, Custodians, Hedge Funds or Fund of Funds

• Knowledge of High Water Mark, Side Pockets, Incentive Fees, Management Fees and Liquidity in the Hedge Fund or Fund of Funds business a plus

• Experience in FX hedging execution, settlement and monitoring a plus

• Experience working with Compliance/Legal on investment documentation and AML standards a plus

JPMorgan

Chase, 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…