UK Product Team - NAV & Valuation Oversight

The UK Product Administration team at JPMorgan Asset Management is a multi-disciplinary team overseeing $45 billion in AUM across 46 OEICs (>200 share classes) and 16 Investment Trusts.

The role is highly visible within the organization and involves working collaboratively across various functions such as Portfolio Management, Product development, Sales, Risk, Legal, Compliance, and working with key vendors to oversee investment products throughout their life cycle. The team is involved in managing fund initiatives, overseeing service delivery, and promoting forward positive change to reduce service issues and increase efficiencies.

As an UK Product Team – NAV & Valuation Oversight you will oversee and maintain a robust and efficient control model in an extremely dynamic environment, with principal focus on the daily NAV oversight process across our UK Fund Range (NAV review, portfolio valuation, swing pricing/factors, fair valuation requirements, interactions with fund managers, fund administrators/vendors).

The team are the primary contact for our Depositories, Fund Accountant alongside other vendors and are the window into these areas for multiple teams across JPMAM providing a point of escalation for service-related issues.

The team review KPI's, ensure consistent quality monitoring is undertaken, service reviews are attended, appropriately audited and positive change is driven forward to reduce any service issues and enable us to gain efficiencies.

This role provides an excellent opportunity to apply your knowledge of the UK Funds industry and valuation methodologies, and to promote positive change within our organization. We value a proactive 'can do' attitude, strong analytical skills, and a commitment to continuous learning and process improvement.

Job responsibilities:

• Oversee fund accounting with a focus on managing the various product elements to include Fair Valuation, Swing Pricing and Securities Lending
• Support any ad-hoc fund related initiatives from a Fund Accounting / NAV perspective such as Fund launches / terminations, name and fee changes.
• Work collaboratively across locations and drive synergies with Asia / US / EMEA
• Chair/Join/Represent the business at various internal committees/forums.
• Understand and contribute to business strategy and ensure it is relayed to our vendors.
• Coordinate and manage issues which impact NAVs i.e., price errors.
• Review and provide feedback on fund documentation. i.e., Prospectus, KIID, Factsheets, Client letters
• Attend and contribute to monthly service reviews with Fund Accounting / Depositary and other key partners Own reviews of SLAs and KPIs as appropriate.
• Review and update procedures whilst consistently challenging to ensure maximum efficiency.
• Understand relevant industry changes and impacts on our business.
• Own reviews of SLAs and KPIs as appropriate
• Oversight of Investment Trust buybacks as required.

Required qualifications, responsibilities and skills:

• Knowledge of UK Funds industry – predominantly OEICs and Investment Trusts
• Knowledge and experience of valuation methodologies and techniques across various asset classes (e.g., fixed income, alternatives and equities) and complex instrument types (e.g., derivatives and structured products)
• Technical and business knowledge of various UK Fund structures and activities from an investment, operational, regulatory, accounting and financial reporting perspective
• Knowledge and experience across multiple asset classes (e.g., Fixed Income, Fund of Funds, Alternatives and Equities) and complex instrument types (e.g., Derivatives and Structured Products)
• Advanced user of Microsoft applications (Excel, Power Point, Word and Outlook)
• Management Reporting – prepare and review of required reporting to senior management, valuation committee, boards of trustees that highlight metrics on oversight results and analysis, regulatory requirements, escalation items and other relevant topics.
• Must be well driven and dynamic with an ability to build relationships both internally / externally.
• Proactive ‘can do' attitude is vital.
• Commitment to continuous learning & willingness to challenge.
• Flexibility, strong organisational and time management skills are vital.
• Team player, ability to share best practices as well as ability to work individually.
• Strong analytical skills with aptitude to evaluate issues, propose and implement solutions.
• Excellent attention to detail.
• Excellent written and verbal skills; ability to communicate in a clear and concise manner in any format.
• Positive attitude to compliance, controls and risk mitigation

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.​