Portfolio Analytics Group: US Private Bank Performance Measurement VP– Job description
J.P. Morgan Asset Management
J.P. Morgan Asset Management is a leading asset manager for individuals, advisors and institutions. Our investment professionals are located around the world, providing strategies that span the full spectrum of asset classes.
As one of the largest asset and wealth managers in the world, with assets under management of over $1.5 trillion, we provide global market insights and a range of investment capabilities that few other firms can match.
Throughout our long and distinguished history, we have been steadfastly committed to putting our clients' interests first. This fiduciary responsibility defines our relationship with clients and informs the basis of every decision we make on their behalf. This core principle is the foundation of our business as we work to understand our clients' needs, offer informed advice and execute strategies to generate excess returns and provide world-class client solutions.
Portfolio Analysis Group
J.P. Morgan Asset Management’s Portfolio Analysis Group (“PAG”) is responsible for performance measurement and portfolio analytics for external clients and serves as a value-added source of independent analysis and thought leadership for internal clients including portfolio managers, front office advisors, sales & marketing and senior management. Analysis types and activities include, but are not limited to, rate of return calculations, return attribution, risk analytics, competitive analysis and composite construction. This analysis is instrumental to help external clients understand drivers of return in their portfolios and help us internally measure the effectiveness of our products and strategies.
PAG consists of over 130 investment analysis professionals located in 7 countries and 11 locations. Included are a dedicated business management team, platform team and data management team which support the group. We serve different client groups through two main lines of business:
1) Global Investment Management which is a leading investment manager of choice for institutions, financial intermediaries and individual investors worldwide with a clear focus on managing client assets and delivering strong risk-adjusted returns. With nearly 400 different strategies, Global Investment Management spans the full spectrum of asset classes, including equity, fixed income, cash liquidity, currency, real estate, hedge funds and private equity. PAG’s Global Investment Management presence includes the following locations: New York, Columbus, London, Mumbai, Korea, Taiwan, Hong Kong and Tokyo.
2) The J.P. Morgan Private Bank, which includes both the Ultra High Net Worth and High Net Worth businesses, offers individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trust and banking capabilities. PAG’s Private Bank presence includes the following locations: New York, Geneva, Hong Kong, Mumbai, Sao Paulo and Mexico City.
Description of role
PAG seeks a VP in our NY office to focus primarily on our expanding Private Bank line of business. The primary responsibilities of this role include:
q Overseeing the monthly production process for both onshore and offshore tasks
q Performing supervisory reviews on onshore and offshore production tasks
q Working with the PAG Risk team to ensure that all RCSAs are up to date and tested thoroughly
q Working with the PAG Risk team to ensure that any action plans are handled in a timely and accurate fashion
q Ensure that all procedures and process flows pertaining to the USPB Performance team are accurate
q Assisting with the oversight of the performance outlier review process on a monthly basis
q Ensuring proper booking of investment transactions within in-house accounting systems across the various products for accurate investment performance calculations
q Prioritizing requests and working with the various Operations teams to correct data issues
q Providing advisors with accurate and timely investment performance data and related analytics
q Partnering with the other teams within USPB PAG to ensure that the Performance Operations Group is maintaining its service levels
q Working with Technology to prioritize enhancements and defect fixes
q Creating test scripts and performing testing for the various new project and defect releases
q Working on short-term, medium-term and longer-term strategic projects that are focused on improving the PAG’s service offering and data quality.
The Performance Measurement VP must bring a relentless focus on execution and enjoy taking ownership for the delivery of measurable results. They must also exhibit the following qualities:
q Experienced performance measurement professional with 6+ years of experience
q Passion for investments business
q Self-starter who is analytical and creative in their thinking; ability to quickly analyze information and creatively reach solutions and to execute their implementation
q Strong quantitative skills, comfortable with formulas, performance measurement methodology and risk measures
q Understanding of the various businesses/products within the Private Bank space
q Knowledge of securities operations, trade processing, mainframe accounting systems and performance systems a plus
q Solid analytical ability to research and analyze data
q Interact and communicate effectively – written and verbal -- with all levels of staff
q Ability to interact and communicate effectively with front-office and work with tight deadlines in a high pressure environment
q Ability to multi-task and strong attention to detail
q Bachelors degree from an accredited, high quality institution
q CIPM/CFA preferred
Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.
The firm invites all interested and qualified candidates to apply for employment opportunities.
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