JP Morgan Chase - Team Leader - PB Tax Control - DOL Fiduciary Oversight - Wealth Management - Asset & Wealth Management

AWM - Wealth Management - PB Tax Control - DOL Fiduciary Oversight - Team Leader

Description :

J.P. Morgan Asset & Wealth Management, with client assets of $4 trillion, is a global leader in investment and wealth management. Its clients include institutions and high-net-worth individuals 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.

Our Business :

Wealth Management (WM) Operations supports the JPMorgan Private Bank in JP Morgan's Asset & Wealth Management (AWM) line of business. The Private Bank is the world's premier service provider for ultra and high net worth individuals. Our goal is to help these affluent individuals across the globe optimize their wealth, after taxes and across generations. Wealth Management Operations provides end-to-end support for all aspects of the client experience, working closely with client service, fiduciary, product specialty groups, third party vendors, and other internal groups.

Position Summary :

Wealth Management is currently seeking a qualified candidate to fill an open Analyst role within the Private Bank Tax Control team. The Analyst will be responsible for performing data reconciliations to ensure compliance with the new Department of Labor Fiduciary rules for retirement accounts and researching exceptions. The analyst will partner with the Central DOL team, the Retirement Funding team, Legal, Compliance, Client Service, Advisors, and various other teams to review exceptions and escalate issues.

Responsibilities :

- Oversee the reconciliation of retirement affirmations and funding transactions

- Oversee any other reconciliations required to ensure compliance with the DOL Fiduciary Rule

- Maintain records of all reconciliations

- Research exceptions identified via the reconciliation and coordinate with various teams to validate the transactions

- Escalate prohibited transactions timely

- Identify opportunities for enhancements to the reconciliation process and gaps that could lead to prohibited transactions

- Develop subject matter expertise for retirement accounts and the DOL Fiduciary Rule

- Maintain procedural documents ensuring they are concise and up to date

- Maintain a Shared Mailbox to ensure organization necessary for efficient operations

- The selected individual may be asked to assist with other tasks / projects at management discretion

Qualifications :

- 2-4 years operations experience

- Strong problem solving and analytical skills

- Excellent verbal / written communication skills

- Adaptable and quick learner. Demonstrate a high level of initiative and be a self-starter; take ownership of assignments with minimal direction

- Strong attention to detail and ability to work independently

- Demonstrated ability to manage to tight delivery timelines and calmness under pressure

- College degree or equivalent work experience required

- Advanced computer skills: MS Office Suite (PowerPoint, Excel, and Visio)

- Familiarity with DOL Fiduciary Rule and/or retirement accounts a plus

- Wealth Management experience a plus

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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