What are the responsibilities and job description for the Alternatives Operations Associate position at JPMorgan Chase?
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.).
Job Responsibilities:
- 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
Required qualifications, capabilities and skills:
- 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