JPMorgan Chase 55ip - Trading - Associate/VP in Boston, Massachusetts
Join Us at 55ip & Help the Wealth Management Industry Move Forward
Working at 55ip means standing at the intersection of finance and technology-and at the cutting-edge of wealth management. We've been making rapid progress on our mission: to break down barriers to financial progress for financial advisors and their clients. Our global team has built and brought to market a tax-smart investment strategy engine delivering an intuitive experience and intelligent automation. Driven by strategic partnerships with world-class asset management firms, such as BlackRock and J.P. Morgan, we've experienced breakthrough growth over the last year. Today, nearly 200 financial advisor firms with roughly $100 billion in assets (and counting) are using 55ip.
If we look a little different, it's because we are. We're entrepreneurs, product pros, investment scientists, and customer advocates who aim to deliver an exceptional experience-and have fun doing it. Like lots of companies, we've got a deep bench of smart, talented, creative people, but our superpower is something else: hustle. That extra push when others would quit, that new approach nobody else has tried, that ability to be thrive at 30,000 feet or dig into the details-and to do it all with humility, empathy, and respect. As we enter an exciting new chapter as an independent subsidiary of J.P. Morgan, we're looking for top talent-with hustle-to join us on our path to becoming an industry standard.
Specific responsibilities will include, but not be limited to, the following:
Assist the trading team through the lifecycle of trade execution, from submission on trading platforms, through trade allocations with counterparties
Monitor pre-trade and post-trade compliance, ensure trades are not violating any compliance rules set up by advisor firms or specific to client accounts
Research, resolution, and documentation of all trade related issues including rejects, breaks, and trade errors
Review and quality control proposed trade orders for non-discretionary accounts
Interacting with sales and advisor success team, partner firms and custodians regarding topics related to SMA (separately managed account) trading and operations
Design and implement trade process improvements utilizing tech-enabled resources and automation
2-5 years of buy side SMA (separately managed account) trade operations experience
Baseline knowledge of investment and asset management industry structure, technology, and trends
Effective communication skills to work with diverse stakeholders and drive decision making
Ability to work under pressure and within a complex organization
Strong written and verbal communication skills
Strong Excel skills
Experience with model portfolios and Exchange Traded Funds (ETFs) a plus
Knowledge of buy side trading or accounting systems a plus, including Bloomberg, Advent Moxy, APL, Charles River, Advent APX
Technology-driven with a natural curiosity for innovation
Hustle: Self-motivated, proactive, responsive-ability to think strategically but also willing to dig into the details and tactics when needed
Bachelor's degree required
55ip is a financial technology company whose purpose is to break down barriers to financial progress. Wealth management enterprises and financial advisors use 55ip's tax-smart investment strategy engine to dramatically improve their efficiency and effectiveness. 55ip's intuitive experience and intelligent automation elevate portfolio design and delivery, helping advisors save time and drive better outcomes for their clients. At the heart of the experience is 55ip's ActiveTax® Technology, which includes tax-smart transitions, management, and withdrawals. 55ip is becoming the industry standard by connecting to platforms where advisors manage their client accounts, enhancing workflow and reducing the need to move the assets. 55ip is a wholly owned subsidiary of J.P. Morgan Asset Management, the asset management business of JPMorgan Chase & Co. More information is available at https://55-ip.com/
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.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
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