ETF Basket Operations Associate I — Precise Fund Servicing

JPMorgan Chase & Co.; Boston (MA); On-site; USD 60,000 - 85,000; Full time

Job summary

JPMorganChase is seeking an Associate I in ETF Basket Operations within Fund Services. This role focuses on ensuring baskets accurately reflect fund holdings, projected events, and valuation to enable efficient creation and redemption activity.

Candidates should have a Finance/Accounting background and 2+ years in financial services, with strong analytical and communication skills. The position requires attention to detail and the ability to manage multiple priorities in a fast-paced environment.

Qualifications

• Bachelor's degree in Finance, Accounting, or related field.
• 2+ years of experience in financial services.
• Strong analytical and problem-solving skills with high attention to detail.
• Ability to manage multiple priorities in a fast-paced, deadline-driven environment.
• Effective communication skills with the ability to clearly articulate issues and resolutions.

Responsibilities

• Project corporate actions (COACs), income accruals, and distributions into baskets in accordance with established methodology.
• Validate in-kind creation and redemption activity against published baskets, ensuring accuracy of securities, quantities, and cash components.
• Identify and resolve issues impacting trade processing, including ID mismatches, ineligible securities, or projection gaps.
• Perform T+1 projected versus actual analysis for income and explaining variances.
• Execute daily controls to ensure completeness and accuracy of baskets, projections, and valuations, escalating any risks or discrepancies.
• Partner with Fund Accounting, Trading, Corporate Actions, and Technology teams to resolve issues and support daily deliverables.
• Foster a collaborative environment by leveraging emotional intelligence skills to build trusting relationships with peers, managers, and stakeholders.
• Propose and implement improvements to current working methods, contributing to the efficiency and resilience of our operating platform.
• Build, maintain, and publish daily ETF baskets in alignment with fund holdings.
• Contribute to process improvements and automation initiatives to enhance efficiency and reduce operational risk.

Skills

Analytical skills

Communication skills

Time management

Education

Bachelor's degree in Finance/Accounting

Job description

JPMorganChase is seeking an Associate I in ETF Basket Operations within Fund Services. This role focuses on ensuring baskets accurately reflect fund holdings, projected events, and valuation to enable efficient creation and redemption activity.

Candidates should have a Finance/Accounting background and 2+ years in financial services, with strong analytical and communication skills. The position requires attention to detail and the ability to manage multiple priorities in a fast-paced environment.