The role requires cross functional collaboration with : Portfolio and Risk Management, Legal, Compliance, Product Development, Client Service and the various vendors that provide services to the pooled vehicles.
The team is highly specialised, multi-disciplinary and operationally monitors the funds range and oversees the providers of administration services throughout the fund s life cycle.
The team is responsible for the oversight of all BAU activity performed by external service providers on the funds, ensuring that the highest standards are met by the relevant service providers, and managing the service delivery of fund administration vendors The oversight role includes :
Monitoring Fund Administration service provision delivered by our external Fund Administrators, incl NAV error remediation process- NAV Oversight
Daily review of market events in relation to fair valuation of assets and / or markets
Manage fund lifecycle events (fair valuation, Fee Billing, swing pricing, fund calendar, launches, liquidations)
Monitoring of statutory / regulatory reporting (eg-AIFMD, UCITS Risk Reporting, FBAR, NPORTS, NQ s, NMFP etc) incl. Financial statements and Long Form process, Ownership of the audit relationship.
Financial reporting , Forecasting and disclosure controls assist in the review of the funds financial statements and executing of disclosure control procedures
Monitoring of Audit / Consultancy / Publication budgets
Monitoring of legal publication requirements (prices, prospectuses, notices etc.)
Management of dividend distribution process
Management of vendor relationships involved in the administration of the funds
Ad-hoc tax impacts
Monitor errors and incidents arising for the JPMAM Fund ranges and escalate appropriately
Review and monitoring of management fees and performance fees calculations and invoices / payments
Month end and Quarter end reporting (both internal and external)
This requires an understanding of the key characteristics and risks of the JPMAM US, Lux ,UK , Hong Kong Fund ranges to ensure that internal checks / controls highlight issues as and when they arise.
Depositary Services and Custody to ensure clear communication and ensure adequate standards are being met and escalation occurs as required.
The Fund range is extensive, covering separate investment vehicles, many active sub-funds, multiple share classes priced daily, and entails assets classes from stable NAV money market funds, simple equity and fixed income funds, as well as OTC intensive structures.
Fund vehicles are domiciled in multiple jurisdictions.
Specific Role responsibilities :
The successful VP candidate will be required to manage multiple teams supporting varied locations like US, UK, Lux and Hong Kong, eventually leading to setting up a Product Administration Centre of excellence in India, managing senior global stakeholders.
Apart from monitoring the day to day activities the role would require candidate to be a very hands on SME, also understanding the funds nuances and helping the teams accordingly to move up the value chain in terms of managing complexities.
The role requires to remain abreast of relevant regulations and accounting policies around products managed, to ensure having right controls in place.
Focus on being audit ready, constantly looking for making the processes efficient by automation or reengineering and inculcating a culture of enhanced accountability in teams would be a pre requisite.
A good understanding of the product suite, a strong risk and controls mind-set, strong operational, management and coordination skills, superior attention to detail and a desire to build a robust, flexible, sustainable structure around new evolving processes is desired.
analytical and problem solving skills; inquisitive nature and comfortable challenging current practices.
Skills and Qualifications required
Have at least 12-15 years relevant experience of Fund Services including exposure to Financial Reporting, Fund Accounting and Regulatory reporting.
Additional certifications (e.g., Chartered Accountant, CPA, CFA) a plus.
Have experience of fund and instrument (e.g., fixed income, alternatives and equities, derivatives and structured products) valuation
Understand cash & stock reconciliation processes
Have an understanding of fund products and accounting principles in EMEA
Technical and business knowledge of Fund structures (e.g., collective investment funds, Commingled Funds and investment trusts) and activities from an investment, operational, regulatory, accounting and financial reporting perspective
Have US, Lux, UK Gaap and IFRS expertise
Have knowledge of audit / reporting requirements applicable to US, Luxembourg ,UK and Hong Kong funds distributed across the globe
Have a financial / fund background, understand the concepts of NAV, custody, transaction costs and knowledge of financial concepts (e.
g. global exposure, leverage for example)
Excellent written, verbal and presentation skills while dealing with multiple stakeholders Internal and External and maintaining good rapport with them
Should be able to take multiple teams along with his leadership qualities
Proactive attitude, commitment to continuous learning, willing to challenge the status quo to improve process efficiency .
Ability to get things done in a dynamic and fast paced environment and effectively multi-task,