JPMorgan: Private Banking Operations and Finance Career Opportunities (Apply before october 7)

JPMorgan

PRIVATE BANKING OPERATIONS AND FINANCE CAREER OPPORTUNITIES

EDHEC students & graduates ONLY

 The Geneva office is currently looking for creative and dynamic professionals for its International Private Bank Operations and Finance departments. Three types of profiles will be considered:

• Students from all backgrounds who are keen on discovering the banking industry through a long-term internship (10-12 months); or
• Graduates from all backgrounds who demonstrate a genuine interest in banking and wish to pursue a career in Operations or Finance; or
• Professionals with Operations or Finance experience who are looking to take on a new challenge.

Our recruitment process

 The selection process consists of the following steps:

 .Candidates should submit their applications (CV & cover letter in English) online by COB Friday, 7th October 2012.

• URL & path:
  • http://careers.jpmorgan.com
  • Select tab: For experienced employees / Search and apply for jobs
  • Input job reference 120064369 in the relevant search box (Top left-hand corner)

• Selected candidates will be invited to participate in:
  • A one-hour presentation with PB managers to get an informal introduction to the private bank industry and private bank opportunities on Thursday, 18^th October 2012. Candidates should get their questions prepared to make the session as interactive as possible.
  • An individual interview with one of JPMorgan representatives the following morning.

Both will take place on the EDHEC premises.

• Successful candidates will be invited to a second round of 3 interviews in Geneva.

Please note that due to restrictions of the Office Cantonal de la Population de Genève, we will only be able to consider applications from citizens with passports from Switzerland or one of the following European Union members: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Iceland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden & United Kingdom

International Private Bank Operations & Finance at a glance

JPMorgan Private Bank is a global wealth management leader; it is the largest private bank in the U.S. and the third largest worldwide in terms of total client assets.  The Private Bank delivers the highest quality advice, service, and capabilities to wealthy individuals and families around the world.

The International Private Bank (IPB) Operations and Finance platforms support our Private Banking business in Asia, EMEA (Europe, Middle East and Africa) and Latin America from a hub based in Geneva & Mumbai. Ad hoc local support is also in place where required (Madrid, Hong Kong, Singapore).

The Operations department is responsible for all order execution, trade booking, data management, client fee billing, processing and settlement of all transactions initiated for Private Clients worldwide. Operations are involved in almost all major steps of the transaction lifecycle as well as new initiatives (products and services) and vendor management. The IPB Operations platform deals with 6 legal entities, over 20,000 client accounts and more than 1.5 millions transactions annually.

Our Operations hub in Geneva consists of 135 employees from 25 nationalities and is organized in teams ranging from 3 to 12 people. Teams are aligned to either processes (Income, Corporate Actions, Tax, Client Reporting, Data Management) or products (Plain vanilla products, Hedge Funds, Derivatives, Mutual Funds). People joining the team will be typically assigned to one team and will be rotating into another Operations team within 24 months.

The finance department, made of 34 employees with 12 nationalities, is split into 2 teams.

The Legal Entity Control team (LEC), is responsible for the integrity of our financial statements, its accuracy and its completeness. They control various legal entities and branches and prepare monthly financials to our headquarters in New York. They present financial statements to various groups such as the Management Committee and the Board.  They also manage the relationship with our auditors. Due to the ever changing regulatory environment, they have to be expert in various General accepted accounting principles.

The Management Information System team (MIS), partners with the business to provide strategic and tactical financial analysis.  They oversee the business flows, the number of new clients and the P&L (revenues and expenses) of the Private Bank. They also plan and forecast revenues and expenses and complete ad hoc analysis. They also check the profitability of the various markets.

Both LEC and MIS teams are key partners in helping the business understand the current financial information and make strategic decisions.

Upon joining, all new hires in Operations and Finance go through a 5-day induction training and continuous on-the-job training. Numerous ad-hoc product training sessions are provided on a regular basis. Later on and all throughout their career, employees are provided with ad-hoc technical, product and/or soft skills training.

Why work in Operations or Finance?

Operations and Finance act as the powerhouse behind the bank’s performance, shaping the strategy, driving the change, enabling revenue generation by creating solutions for the business. Operations and Finance offer a challenging environment with continued growth and evolution of products and markets.

Starting your career in Operations or Finance is an ideal way of building your expertise on Banking products and processes. Depending on where your competencies and preferences lie, you will have the opportunity to grow as within your area of expertise or move to another department within Private Banking or to another Line of Business (Investment Banking, Investment Management, Treasury & Security Services for instance) in Geneva or elsewhere.

We firmly believe that one of our biggest strength lies in the diversity of our people. Diversity is not just about doing the right thing; it is about competitive advantage. JPMorgan is a place for talented people from all backgrounds and perspectives because our clients come from all backgrounds and perspectives. Gender, race, sexual orientation, age and physical ability are some of the kinds of differences that make people - employees and clients - unique.  We believe that encouraging a working environment which sparks creativity, leadership and exceptional performance is about winning in the markets in which we compete.

Profiles we are looking for:

• A strong interest or a first experience in Banking /Finance
• The ability to take a corporate perspective
• An analytical approach, imaginative flair
• A broader outlook than an exam grade
• A strong attention to details
• Team players and future leaders
• The ability to communicate clearly and concisely
• Strong commitment
• A high sense of integrity
• A strong level of written and spoken English