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Wealth Management - Principal Financial Executive/Treasurer (new fund family) - ED or MD

Req #: 180002583
Location: New York, NY, US
Job Category: Asset Management
Potential Referral Amount: 0 US Dollar (USD)
J.P. Morgan Private Investments Inc. (JPMPI) is a Registered Investment Adviser (RIA) that acts as a sub-advisor to open-end and closed-end registered investment companies (RICs) for clients of J.P. Morgan Wealth Management and Investment Solutions (WMIS). Currently, JPMPI provides investment advice and/or administrative functions for private investment funds and provides discretionary investment management services in various wrap fee programs offered through J.P. Morgan affiliates. Assets associated with JPMPI total approximately $110 billion.
We are looking for a seasoned professional to work alongside the Head of JPMPI Investment Advisory and other senior leaders who are creating a new series of mutual funds. The candidate will lead the JPMPI US Mutual Fund Program and report to the Head of JPMPI Investment Advisory. In that role, they will be responsible for the continued development of the mutual funds.  With Board approval, the candidate will serve as Principal Financial Officer/Treasurer of these newly created funds. Responsibilities will include the management and oversight of the funds, including fund accounting/administration, security valuation, vendor/service provider management, financial reporting and controls, taxation, subadvisor activities, oversight and governance.  In this role, the candidate will work closely with investment, product, operations and control groups(legal, risk, compliance).
Key Activities:
  • Funds Administration & Treasury
  • Manage all aspects of mutual fund administration including setting accounting policies & financial reporting disclosures, evaluation of proposal for new products & changes to existing products, and oversight of the Funds’ financial statements and regulatory filings.
  • Oversee all aspects of the Funds’ daily valuation processes and procedures.
  • Tax Administration
  • Oversee tax administration for mutual funds and manage the establishment of tax policy for the funds.
  • Product Development and Implementation
  • Assist in the creation and/or oversight of the development, implementation of innovative new products, and ongoing analysis and rationalization of the product line.
  • Partner with portfolio managers, control partners, risk management, and regulatory bodies to ensure that the appropriate infrastructure is in place to support the implementation of new products and successfully deliver product related initiatives that address needs of clients.
  • Vendor Management
  • Manage the Funds’ internal and external service provider relationships with both third party and affiliated vendor partners.
  • Risk and Control
  • Ensure that an appropriate control environment is in place within the relevant teams supporting the mutual funds and the broader firm, to support internal controls over financial reporting as required.
  • Thoughtfully assess and manage business and operational risk; using sound judgment to make appropriate decisions and take action.
  • Empower team to identify key risks and ensure that product design and execution complies with applicable regulatory, accounting and/or tax rules, and that appropriate infrastructure is in place to support the products.
  • Partner with control partners (oversight and control, legal, compliance, & risk management) to ensure that changes in the regulatory environment are implemented as necessary into business practices, best practices are in place across the business, and that there are appropriate contingency plans in place.
  • Understand global operating models and ensure there is open communication across regions and a focus on driving forward best practices globally.
15+ years of financial services experience with a strong background in registered fund administration, valuation, audit, accounting, regulatory matters, and finance/financial reporting
  • Demonstrated success in managing highly successful teams
  • Specific 1940 Act expertise a must
  • Working knowledge of SEC regulations including the requirements under the 1933 and 1934 Acts
  • Experience analyzing, communicating and executing against complex business strategies
  • Exceptional critical thinking, project management, analytical and communication skills
  • Strong track record of delivering on business initiatives in the asset management industry
  • Strong knowledge / experience across operations, technology, risk, legal and business management practices
  • Demonstrated track record of adapting to a rapidly changing business environment, ability to quickly assess situations and capitalize on change
  • Strong communication skills, both oral and written
  • Industry involvement and staying abreast of industry trends and issues
  • Highly collaborative – history of delivering results with and through organizational partner
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