Asset Management, GWM Asset Services Analyst, Newark, DE

Job description

Private Bank Operations supports the JPMorgan Private Bank, the world's premier service provider for ultra- wealthy individuals. The Private Bank's goal is to help these affluent individuals across the globe optimize their wealth, after taxes and across generations. Located in Newark, Delaware, the 400 members of Private Bank Operations provide end-to-end support for all aspects of the client banking experience, working closely with sales, service, and product specialty groups.

JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services, transaction processing, asset and wealth management, and private equity. Under the JPMorgan and Chase brands, the firm serves millions of consumers and many of the most prominent corporate, institutional and government clients in the world. With over 6000 employees in Delaware, we are a great place to start- or continue- your banking career.

What we do:
As an Asset Service Specialist, you will be responsible for supporting all aspects of corporate action, interest and dividend events. Responsibilities include: ensuring the timely and accurate notification of corporate actions, coordinating the submission of corporate action elections and any supporting documentation, processing dividend, and interest, related to domestic and international fixed income securities, equities, American Depositary Receipts, and any associated tax transactions such as Back Up Withholding and NRA taxes for Private Banking clients. In addition, you will be required to ensure that all domestic and international corporate action allocations, income/dividend collections are accurately and timely posted to client accounts. Ensure all inquiries are serviced within service levels, and that all daily internal proofs relating to the general ledgers are accurate, and out of balance conditions are investigated and resolved within service levels.

Who we do it for:
The Asset Service group provides these services to Clients, tax administrators, Client Service Specialists, portfolio managers and our custodians, while meeting the established deadlines as required.

Core Responsibilities
· Process both global and domestic payments
· Notify client of corporate events pertaining to their assets
· Ensure the timely capture and submission of client elections
· Ensure that payments are posted to client's accounts
· Identify and analyze asset and cash breaks and resolve timely
· Provide responses to daily inquires as required
· Complete pre-reconciliation process daily
· Process BUW and NRA payments as necessary
· Coordinate issues and resolve with custodian
· Process repatriation for global payments
· Verify all daily internal proofs are accurate

Potential Responsibilities

· Project participation
· Identify potential enhancements to asset service process
· Analyze automation opportunities
· Cross train new staff members
· Update procedures documents
· Enhance communication with service partners

Desired profile

Required Experience/Skills
·  Ability to complete tasks with strict deadlines
·  Have strong analytical skills and “think out of the box”
·  Excellent verbal and written communication skills
·  Strong PC skills
·  Ability to multi-task and prioritize effectively
·  Ability to work in fast-paced high volume environment
·  Be able to work within a team environment
·  Have excellent organizational and time management
skills

Preferred Experience/Skills

·  Accounting/Finance Background
·  Proficient in Excel and Word
·  Previous securities experience
·  Experience with the asset service process
·  Knowledge of foreign markets
·  College degree or three to five years equivalent work experience