IPB Operations - Vice President - Hedge Funds - Edinburgh

Location:Edinburgh
Job Type:Full Time

Wealth Management - Vice President - Hedge Fund Middle Office – Edinburgh

Wealth Management business offers individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trust and banking capabilities. JPMorgan Private Bank was recognized in 2015 by Euromoney as the world’s best global private bank, with more than 1,800 client advisors in 120 offices in 11 countries.J.P. Morgan International Bank Limited (JPMIB) is the primary entity which is used to provide private banking services to ultra high net worth (UHNW) and high net worth (HNW) individuals in the EMEA region, excluding Switzerland. It is also the entity which provides banking, trading, and brokerage and custody services to clients of the Wealth Management (WM) in Asia. JPMIB is a UK bank and is regulated by the PRA and FCA; it operates out of its UK head office with branches in Brussels, Frankfurt, Madrid and Milan.

Operations Overview

Operations are uniquely positioned at the heart of what we do. We impact the business we undertake from end to end - involved in almost all major steps of the transaction lifecycle as well as new initiatives (products and services) and vendor management. We work in collaboration with counterparts from all areas across Lines of Business, Technology, Finance and Corporate Functions. Our role is about maintaining the efficient processes our people rely on every day to do first-class business. We constantly strive to achieve the improvement that makes the firm one of the most respected financial institutions in the world. Operations teams are aligned to either products (Bonds, Equities, Foreign Exchange, Loans & Deposits, Alternatives, Derivatives and Mutual Funds) or processes (Income, Corporate Actions, Asset Transfers, Tax, Client Reporting and Data Management).

We are offering you an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area working on complex products and processes.

Our Team

Hedge Middle Office (MO) team is a main point of contact for all operational activities for Hedge Funds for the International Private Bank. The primary responsibility of this team, part of the International Middle Office, is to support Hedge Fund business in LATAM, ASIA and EMEA clients with hub based in Edinburgh.

The Role

The principal objective of the team is to provide dedicated and centralized support to the Hedge Funds with a portfolio size of approx. USD 8 billion offered by JP Morgan to the Private Bank clients.

Typical BAU tasks include: Managing Hedge Fund Trade flow for International Private Bank clients, issue resolution, fund review, fund onboarding, fund rule maintenance, reconciliations and query resolution. In addition, managing a team to 10 -15 members. Performance review for team members.

Typical non BAU tasks include: process review / analysis, process re-engineering, project coordination, UAT and define operating models and process control managing operational risks.

The candidate must have the ability to drive the strategic objective and communicate appropriately. In addition, he/she must demonstrate an exceptional capacity to exercise good judgment under pressure.

Requirements

The candidate should have relevant middle office operations experience in a reputable bank, fund administrator or financial institution and looking to take on a new challenge in a growing, fast paced and ever changing environment.

Candidates should in addition have the following attributes:

  • University graduate, preferably with major in Finance / Business Administration / Economics.
  • Extensive relevant experience within the Investment Banking Operations & knowledge of financial products with expertise in Hedge Funds, MF Trades processing is preferred. Comprehensive understanding of financial instruments and strong understanding of the trades transaction lifecycle, cash management and corporate actions is desirable.
  • Strong people management skill is required. Experience in coaching and developing people and providing performance feedback is mandatory.
  • Full accountability for the end to end query resolution raised by internal investors. These queries will include, but not be limited to trade processing, settlements and corporate actions. This will involve detailed discussions/handholding with operations on processes and actions to be taken therein.
  • Build strong relationships with internal stakeholders and external stakeholders to understand the changes in Hedge Fund Industry.
  • Help analyze system infrastructure and existing process flows to determine gaps or opportunities for productivity increase operational efficiency or reduce risk.
  • Monitoring and resolution of risk indicators to ensure that both J.P. Morgan and the client are aware of any issues that may have an adverse financial or reputational impact.
  • Working with a number of groups including the front office, structuring, middle office, projects, other operations groups and technology.
  • Strong communication, influencing and interpersonal skills with strong risk and control awareness.
  • Excellent analytical/problem solving skills with ability to effectively priorities workload and meet deadlines.
  • Proven track record in large scale projects relating to process improvement initiatives and delivery in a banking/finance environment is an advantage.
  • Strong end to end ownership, governance, controls, risks and dependency management and be key escalation contact to Senior Management.
  • This role will have regular internal and external senior stakeholder engagement. Therefore this person must be confident, articulate and able to represent J.P. Morgan and the Middle Office effectively.
  • Ability to work both independently, taking clear ownership for delivery, and collaborate with team. Self-motivated, execution driven with proven history of rapidly coming up to speed quickly and being effective.

JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2.6 trillion, over 240,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking, Commercial Banking and Consumer and Community Banking.



J.P. Morgan Asset & Wealth Management advises institutions, endowments, foundations and families through Asset Management and Wealth Management. Our Wealth Management business includes J.P. Morgan Private Bank, J.P. Morgan Securities and Chase Wealth Management.



J.P. Morgan Private Bank advises the world’s wealthiest families and helps them achieve their desired goals. Our teams of Advisors deliver advice, solutions and services across investments, wealth planning, credit and banking to help clients build, preserve and manage their wealth over time.



Our team of specialists works seamlessly to help our clients achieve their financial goals and aspirations. We’re proud to be named ‘2017 Best Private Bank for Ultra-High-Net-Worth Clients’ by Euromoney: Egypt, France, Greece, Italy, Lebanon, Qatar, Spain, United Arab Emirates and UK.



“JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme.”