Trading Services Associate I

Application ends: December 10, 2022
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Job Description

Brooklyn, NY

Short Description for Internal Candidates

The Alternative Investments Support Specialist supports JPMorgan’s Private Bank Investor community by globally servicing the Private Bank’s suite of alternative investments (private equity funds, hedge funds, and real estate funds). Alternative Investments Support Specialists liaise directly with both our internal Structuring, Investor Relations, Client Service, and Due Diligence teams as well as a wide variety of external hedge/private equity funds and their administrators.

Description for Internal Candidates

The Alternative Investments Support Specialist supports JPMorgan’s Private Bank Investor community by globally servicing the Private Bank’s suite of alternative investments (private equity funds, hedge funds, and real estate funds). Alternative Investments Support Specialists liaise directly with both our internal Structuring, Investor Relations, Client Service, and Due Diligence teams as well as a wide variety of external hedge/private equity funds and their administrators.

The Private Bank’s alternative investment business continues to be one of the fastest growing segments of the Private Bank today. Over 500 employees are dedicated worldwide to support this rapidly expanding product. In the Americas, alternative investments assets-under-management are over $60 billion. Hedge fund subscription flows consistently breach the $1 billion/month mark, and private equity deals have garnered several billion dollars in new commitments over the past couple years.

The candidate will be required to support all aspects of JPMorgan’s alternative investment business, including but not limited to hedge funds, private equity funds, and real estate funds. As the candidate develops and refines their skill set, they will be called upon to field questions and provide solutions for our internal Investors. This position offers an excellent learning opportunity. Candidates are encouraged to immerse themselves in the alternatives world and attend alternative investment training programs, senior leader meetings, and conferences in order to grow an extensive knowledge base for this rapidly growing product segment.

Responsibilities:

  • Become a specialist in all aspects of a designated set of alternative investments.
  • Provide support to the Investor community for JPMorgan’s alternative investment products.
  • Manage relationships with hedge/private equity funds and fund administrators.
  • Instruct subscriptions, redemptions, and transfers to hedge fund administrators.
  • Support capital calls and capital distributions for private equity funds.
  • Process alternative investment transaction bookings.
  • Assist with the pricing and reconciliation of hedge/private equity fund positions.
  • Produce ad-hoc reporting for senior management.

Required:

  • Undergraduate degree.
  • Understanding of sophisticated financial products.
  • Advanced Excel skills.
  • Ability to work in an exhilarating, high-pressure environment with tight deadlines.
  • Strong interpersonal skills.
  • Strong business communication skills.
  • Detail-oriented work ethic.
  • A team player with the ability to succeed in a dynamic “trading desk” environment.

Preferred:

  • 2-3 years experience with alternative investments and/or alternative investments operations.
  • Series 99 or Series 7 certification.

JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be 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.

Equal Opportunity Employer/Disability/Veterans