Bulge Bracket Investment Banks

Posted 14 days ago

No clicks

**Fund Servicing Associate I** As a Fund Servicing Associate I at JPMorganChase, you'll be integral to our Mumbai team, collaborating with operations, finance, and external partners to ensure smooth fund servicing. This role involves reconciling cash and stock entitlements, reviewing cash and asset breaks, and meeting client deadlines. You'll also support audits, manage team activities, and drive process improvements. Ideal candidates have 8+ years in fund accounting, strong US regulations knowledge, and proven leadership skills. Apply today!

Compensation: Not specified
City: Mumbai
Country: India

Full Job Description

Location: Mumbai, Maharashtra, India

Join JPMorganChase as a Fund Services Associate I and become an integral part of our dynamic team. This role offers a unique opportunity to enhance your career by working closely with operations, financial controllers, and external partners. You'll be at the forefront of ensuring smooth fund servicing operations while contributing to process improvements. Embrace the chance to grow your skills in a supportive environment that values innovation and collaboration.

As a Fund Servicing Associate I within JPMorganChase, you will play a pivotal role in enhancing our operational services related to fund accounting and administration. Your work will have a meaningful impact within our department, as you apply your broad knowledge of fund servicing principles and practices to perform diverse activities requiring analysis and judgement. With your advanced emotional intelligence, you will build trusting relationships with peers, managers, and stakeholders, fostering a collaborative environment. Your continuous improvement mindset will drive you to propose and implement improvements to our current working methods, contributing to the efficiency and resilience of our operating platform.

Job responsibilities

Reconcile and resolve differences in clients cash and stock entitlements across Trade & Income products (e.g., paydowns, interest & dividends, collateral, margins).

Review cash and asset breaks between accounting/custody records; ensure commentary is clear and understood by internal stakeholders and clients.

Review day-to-day activities per SOPs, meeting agreed client deadlines and SLAs.

Perform/coordinate audit support and resource planning for peak cycles with internal parties.

Conduct ongoing analysis of client accounting records; escalate potential issues appropriately.

Identify and correct misstatements; detect and escalate potential audit findings.

Engage stakeholders to respond to accounting-related queries and adherence to all risk and control checks, checklists, and SOPs; keep documentation up to date.

Liaise with OCM (internal control) on issues requiring review.

Manage team activities including objective setting, performance reviews, and ongoing feedback; provide timely updates, MIS, and coordination with local/global management.

Understand data flow between accounting and custody systems; perform root-cause analysis of breaks; submit workflow/process redesign changes; follow up with stakeholders/technology partners through closure to eliminate recurring breaks.

Required qualifications, capabilities, and skills

8+ years experience in Fund Accounting and/or Reconciliations, with a solid understanding of financial products.

Strong people leadership/management capability; ability to build key internal relationships across locations.

Strong attention to detail and analytical review skills, particularly related to Fund Accounting numbers and reporting.

Excellent understanding of US regulations, Mutual Funds, and NAV.

In-depth knowledge of investment banking/capital markets products; operational SME knowledge such as:

Reconciliation and investigation of differences
Trade lifecycle fundamentals
Product exposure including MBS, ABS, dividends (as referenced in the JD)

Strong risk, control, and procedure orientation; ability to apply checklists/SOPs rigorously.

Ability to implement change and manage initiatives alongside BAU workload.

Preferred qualifications, capabilities, and skills

Strong reconciliation background (explicitly called out as a significant advantage), demonstrating ability to compare transactions/positions and investigate/resolve breaks.

Postgraduate qualification with a major in Finance/Accounting (added value).

Demonstrated experience driving workflow redesign / partnering with technology teams to permanently remove root-cause breaks.

Join the Fund Services Operations team that is driving the success of both the client in the Fund Services organization.

Full Job Description