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CIB - Fund Accounting Analyst - Manila CRS, Associate - Manila

Req #: 170051434
Location: Taguig City, 00, PH
Job Category: Operations
Potential Referral Amount: 10000 Philippine Peso (PHP)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing and asset management.
It began operations in the Philippines in 1961 with a representative office. Since then, the firm has expanded its presence into a fully integrated franchise, comprising Investment Banking, Treasury and Securities Services, Equity Sales and Research as well as foreign exchange and fixed income trading operations. JPMorgan Chase & Co. has a number of legal entities operating in the country, including the Manila Branch of the bank, which has a commercial banking license as well as a derivatives license, and a securities company with a seat on the Philippine Stock Exchange.
JPMorgan Chase & Co. launched its Global Service Center in Manila in 2005 and in Cebu in 2010, to provide a wide variety of strategic support including analytics, finance and accounting voice-based services, transaction processing and other functions to its affiliates around the world.
Information about JPMorgan Chase & Co. is available at
About J.P. Morgan Corporate & Investment Bank
J.P. Morgan Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Function Description
The JP Morgan Fund Accounting Team provides a range of services to mutual fund & pension clients based in Europe. The Fund Accountant (FA) is responsible for the day-to-day production, validation & delivery of Financial Statements of Accounts & Net Asset Value (NAV) that are delivered to clients & sub-advisors. A broad knowledge of fund accounting is required as the FA takes ownership for the accuracy of all accounting and investment components of the financial statements.
Primary responsibility of the FA is the maintenance of accurate accounting and securities records for each fund administered, ensuring all prescribed controls are adhered to for each fund accounting process (e.g. position reconciliation, asset pricing, security trading, income & expense processing etc.).
Problem-solving investigation & resolution where accounting or securities transactions breach the validation tolerances of the JP Morgan Exception Management System (EMS).
Timeliness of NAV production, accounting validation and management escalation, in the event of issues, is essential to the success of the individual’s and team’s performance.
In addition, the team leader should:
  • Ensure adherence of operational procedures to complete task in an accurate and timely manner.
  • Support the supervisors in the objective to provide top quality operations in support of this global business.
  • Document procedures and identify requirements for additional controls.
  • Provide training of new hires.
Key Accountabilities
Prepare file in accordance with internal control checklist for items applicable to that particular portfolio.
Keep adequate documentation on file to fully explain and support all items, particularly those, which would be deemed unusual, eg. Past due dividends, larger than usual price movements (when comparing against assets in the same industry class), large gains and losses in FFX's, large div yield, trade cost per unit vs. ending price comparison and overall benchmarking discrepancies.
Complete accurate and legible files within deadlines set by Managers in order to fulfill production requirements
Ensure documentation is completed and signed off as per requirements
The reconciliation of capital flows where appropriate.
The utilization of the WINS-INVEST ONE (reporting)/GTI/ Titan systems to adequately research and resolve issues on portfolios.
Analyses of fund performance to ensure final valuations are accurate
Demonstrate sufficient technical knowledge of various investment instruments and markets (stock exchanges) and there effect on the portfolio's valuation.
Should gain knowledge of the client's structure i.e. its and various types of portfolio's, their deliverables, and some of their specific requirements.
JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/Disability/Veteran
All application requirements (including updated resume) should be posted, submitted and completed in the JobConnect tool. Must meet the following minimum IJP Requirements:
  • TENURE: At least 12 months in current job and process.
  • PERFORMANCE RATING: Latest Performance Management Central (PMC) rating of Meets Expectations.
  • CORRECTIVE ACTION: Not within or under the prescriptive period for suspension.
  • PERFORMANCE IMPROVEMENT PLAN: Not in any Performance Improvement Plan (PIP). 
  • Graduate/Post-graduate
  • Meticulous attention to detail
  • Ability to work in a deadline driven environment
  • Client focused
  • Uses initiative & readily questions
  • Strong analytical skills
  • Control oriented
  • Proficiency with computers  
  • Exhibits a 'can do' attitude
  • Good written & spoken English communication skills
Preferred Skills & Experience
  • 5 years or more in Banking / Financial services industry or with accounting firm.
  • Experience in an automated processing environment.
  • With people management skills
  • Good understanding of security types and their accounting treatment
  • Awareness of stock market practices & data vendor systems (e.g. Bloomberg)
  • Knowledge of the processes of a fund’s Custodian Bank and Investment Manager
  • Analytical with good problem-solving skills
  • Committed approach with the ability to communicate effectively within a small team
  • Flexibility - support department projects and work overtime during peak production periods
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JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.