Apply Now    

Wealth Management - Alternatives Solutions Product Development Associate

Req #: 170083649
Location: New York, NY, US
Job Category: Asset Management
Potential Referral Amount: 0 US Dollar (USD)

J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

About the Alternative Investments

Within the J.P. Morgan Wealth Management, the Alternative Investments team (“Alts”) is a global team of experienced professionals based in New York, Hong Kong, London and Geneva whose goal is to identify and bring to J.P. Morgan’s Wealth Management clients a diverse array of attractive alternative investment opportunities.  The team looks broadly across private equity, real estate and hedge funds, and since inception in 1992, has brought over 150 investment opportunities to J.P. Morgan’s Wealth Management clients, endowments and foundations.  With over $100 billion of client capital invested across hedge funds, private equity and real estate opportunities, the team brings a unique perspective to sourcing and offering alternative investment opportunities.  The Alts team uses a "best-of-breed" approach to source opportunities across its broad platform. A disciplined selection process enables the group to offer wealth management clients top quality investment opportunities from both within the firm and from outside of the firm through third-party managers.  Close attention is paid to tax issues relevant to both U.S. and non-U.S. investors, and where possible the team seeks to leverage J.P. Morgan's expertise in generational planning in an effort to create tax-efficient investment vehicles for wealth management clients globally. 
 

Position Summary

The Alts Solutions Product Development Associate assumes a pivotal role on the deal team, supporting the senior deal captain in transaction management and overseeing designated projects.  The Associate has regular interaction with senior executives within the J.P. Morgan Wealth Management as well as with fund management teams/principals and external service providers.  The Associate will also have exposure to wealth management clients.
 

Responsibilities

  • Responsible for mid-stream transaction execution from late due diligence to fund launch.
  • Utilize appropriate firm and industry resources to complete analysis of investment strategy, competitor funds and market positioning, as required.
  • Work with the Solutions Product Development Team, internal/external legal counsel and tax colleagues to analyze and comment on offering materials, including the private placement memorandum, subscription documents and partnership agreements. Read/review all legal documents.
  • Develop marketing materials including a flipbook presentation, executive summary and cover letters that present a clear, concise message that highlights the key marketing points and investment considerations to wealth management clients.
  • Responsible for sign-off on subscription documents and working with internal/external legal counterparts to train marketing force regarding execution of documents.
  • Review, identify and communicate any non-standard structural and operational issues to global middle office teams prior to launch of investment.
  • Educate and advise Alts Marketing Team on each transaction to ensure that they are equipped to answer questions from regional teams regarding the investment opportunity.
  • Coordinate ongoing relationship management with fund management teams, private bank marketers and internal and external service partners (e.g., middle office, fund administration and external counsel).
  • Assist Alts due diligence team in monitoring investments post-placement including participating in quarterly update calls/meetings with issuers as required.
  • Participate in strategic decisions related to Alts deal pipeline and organize offering calendar and all aspects of a transaction including: overseeing production and distribution of all offering/closing documents, legal documentation sign-off, and ensuring successful final closing, including funding, often under strict deadlines.
  • Actively assist in addressing ad hoc issues (e.g. limited partner amendments, defaults, performance
    and regulatory issues).
  • Monitor and report on fundraising process to senior management.
  • Provide input and new ideas to contribute to the development and enhancement of Alts’ business strategy.
  • Update quarterly marketing documents for open-ended hedge fund transactions.
  • Informally supervise and provide guidance to junior Analyst colleagues.
  • Bachelor’s Degree
  • 2-3 years experience working in project teams
  • Excellent written and oral communication skills
  • Excellent relationship management and interpersonal skills
  • Demonstrated ability to analyze and solve problems and to manage multiple tasks at once
  • Flexible team player with ability to work independently
  • Strong interest in alternative investments preferred
  • Strong writing skills
  • Verbal presentation skills
Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

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.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.