Cost Basis Team Manager - Vice President

at JPMorgan Chase in Newark, Delaware, United States

Job Description

Looking for an opportunity to transform your operating environment and take your career to the next level? Join our team! Our role provides exposure to the breadth of services and products across the firm, giving you the chance to identify problems, improve scale with automation tools, and enhance the client experience. Don’t miss out on the chance to empower yourself and make a difference.

As a Cost Basis Team Manager – Vice President within the Cost Basis Team, you will have a crucial role in ensuring compliance with tax withholding and information reporting regulations across the Commercial & Investment Bank and Consumer & Community Banking. You will be instrumental in establishing a standardized framework and maximizing efficiency, while providing exceptional client service. You will be part of a team responsible for maintaining client cost basis data reported on Form 1099-B while working with Product & Relationship Managers, Operations, Technology, Legal and Corporate Tax.

Job responsibilities

+ Analyze processes and workflows for efficiency opportunities and implement the automation strategy

+ Build and foster a durable culture and team. Support each team member through their career journey

+ Respond to complex requests for cost basis adjustments and associated client queries.

+ Identify problems, leverage automation tools to improve scale, and enhance the client experience

+ Reconcile tax lot information in the cost basis system to ensure accurate 1099 reporting

+ Collaborate with other departments to ensure that transactions are booked properly and are reflected accurately in the cost basis system

+ Research tax/cost basis consequences for corporate actions leveraging vendor applications, Securities and Exchange Commission (SEC) filings, and company websites to ensure that proper adjustments are made for impacted holders

+ Analyze historical records and information provided by clients and other investment firms to reconstruct and verify the accuracy of cost basis information

+ Audit the accuracy of completed cost basis calculations and provides coaching and feedback to team members to continuously improve department quality metrics

+ Communicate with internal business partners to provide updates on the status of their requests and solicit additional information through written and verbal correspondences

+ Act as a subject matter expert to provide insight into cost basis related issues.

Required qualifications, capabilities, and skills

+ 5+ years of relevant work experience

+ Advanced knowledge of automation and data analysis with great attention to detail

+ Excellent time management, problem resolution, research, and communication skills

+ Culture carrier, people management with high-level interpersonal skills

+ Formidable partnership with the business and aligning the team with the business’s core objectives

+ Working knowledge of cost basis and tax reporting experience

+ High-level ability to collaborate across teams in a client impacting function

+ In-depth understanding of the securities industry and broker-dealer tax reporting requirements

+ Ability to operate in a deadline-oriented environment

+ Impressive client service and communication skills

+ Ability to prioritize and handle multiple tasks in a rapidly changing environment

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

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Job Posting: JC259427548

Posted On: May 06, 2024

Updated On: Jun 03, 2024

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