Wealth Management - PB Tax Operations Operations Analyst

Job Description

J.P. Morgan Asset & Wealth Management, with client assets of $2. 6 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.

Tax Cost responsible for updating cost basis information at lot level on securities transferred which include acquisition cost, acquisition date and tax code. This information eventually flows into client tax forms like 1099 B as it helps in gain/loss calculation.

It involves updating the above information for the products like

• Equities
• Bonds
• Money Market Funds
• Mutual Funds

• Candidate should posses strong knowledge on securities & financial market
• Candidate should have at least basic understanding of Accounting.

• US tax- 2
• Securities knowledge- 2
• MS Excel– 2
• Communication – Spoken & Written – 3
• This role requires meticulous attention to detail.
• Ability to manage operations in absence of PM.
• An acute awareness of the high risk, time critical and complex nature of the Asset management OPS environment, an ability to work under pressure and to meet tight deadlines is essential.
• Flexible to work overtime, night shift and on holidays
• Knowledge of Microsoft Word, PowerPoint and Excel
• Ability to work in a deadline driven environment
• A proactive approach to problem solving, taking ownership of issues and having the determination to follow things through
• Client focused
• Good time management skills
• Uses initiative & readily questions
• Must be very detailed oriented.
• Excellent written & spoken English communication skills.
• An appreciation of control and quality issues.
• Knowledge of Investment products.
• Knowledge of the operating and compliance standards and audit requirements of the department
• Worked in an automated Processing environment
• Banking Operations experience required, Private Banking operations experience would be beneficial.
• Knowledge of Investment products.
• Knowledge of the operating and compliance standards and audit requirements of the department
• Worked in an automated Processing environment
• Banking Operations experience required, Private Banking operations experience would be beneficial.
• Ensuring documentation is updated at all times
• Taking process trainings for new joiners
• Handling process queries escalation
• Client engagement
• Driving process improvements
• Building synergies across processes
• Ensuring MIS are completed as per the deadlines