at J.P. Morgan
Bulge Bracket Investment BanksPosted 4 days ago
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**Associate I - ETF Basket Operations** Manage ETF basket lifecycle, ensuring accuracy and efficiency in creation/redemption processes. Key responsibilities include validating basket projections, resolving trade issues, and performing variance analysis. Collaborate cross-functionally to support daily deliverables and drive operational improvements. Must-haves: Bachelor's degree in related field, 2+ years in financial services, strong analytical skills, and ability to manage multiple deadlines. JPMorgan Chase seeks detail-oriented professionals for this dynamic Boston opportunity.
- Compensation
- Not specified
- City
- Boston
- Country
- United States
Currency: Not specified
Full Job Description
Location: Boston, MA, United States
As an Associate I - ETF Basket Operations within Fund Services, you will ensure baskets accurately reflect fund holdings, projected events, and valuation, enabling efficient creation and redemption activity. This role requires strong attention to detail, understanding of ETF mechanics, and the ability to manage time-sensitive deliverables across multiple funds.
Job responsibilities
- Project corporate actions (COACs), income accruals, and distributions into baskets in accordance with established methodology.
- Validate in-kind creation and redemption activity against published baskets, ensuring accuracy of securities, quantities, and cash components.
- Identify and resolve issues impacting trade processing, including ID mismatches, ineligible securities, or projection gaps.
- Perform T+1 projected versus actual analysis for income and explaining variances.
- Execute daily controls to ensure completeness and accuracy of baskets, projections, and valuations, escalating any risks or discrepancies.
- Partner with Fund Accounting, Trading, Corporate Actions, and Technology teams to resolve issues and support daily deliverables.
- Foster a collaborative environment by leveraging emotional intelligence skills to build trusting relationships with peers, managers, and stakeholders.
- Propose and implement improvements to current working methods, contributing to the efficiency and resilience of our operating platform.
Build, maintain, and publish daily ETF baskets in alignment with fund holdings.
Contribute to process improvements and automation initiatives to enhance efficiency and reduce operational risk.
Required qualifications, capabilities, and skills
Bachelors degree in Finance, Accounting, or related field.
2 plus years of experience in financial services.
Strong analytical and problem-solving skills with high attention to detail.
Ability to manage multiple priorities in a fast-paced, deadline-driven environment.
Effective communication skills with the ability to clearly articulate issues and resolutions.
Preferred qualifications, capabilities, and skills
Experience preferred in ETF, fund accounting or operations
