In: Finance
.a)What attracts you to JP Morgan and specifically the Asset
Managemnt opportunity?
b) Describe what factors have influenced financial markets in
recent months and how they might affect our clients.
C. Tell us about a time when you faced a complex problem and how
you found the solution.
Help me with these interview questions please and how i can answer
them
a) JP Morgan and co. is an esteemed financial institutions which is engaged in the business of financial intermediary and is known to have access to great insights and wisdom about financial markets around the world. The company is operating for 150 years and this makes it my top priority for joining a firm and learn about the prevalent financial culture which will enhance my personality and wisdom in the longer run. Asset management is a great tool for making money. The money is made by both client and the company itself. There is a huge opportunity in asset management and at the same time it is a responsibility on the shoulders of the company and its asset managers to keep the reputation of the firm through effective management of client's funds and generating the return that they required.
b) There have been various crucial factors which has affected financial markets in the recent months. One of the main was the US-China trade war. The anticipation of tariff barriers on exchange of goods and services between these two giant countries is impacting the markets negatively. The market anticipates a better outcome of the problem through negotiation. Imposition of barriers will result in less sales for US companies in china and some more restrictions with regards to business will be imposed in future by the Chinese government. This can affect the portfolios of JP Morgan's clients and the managers may have to revisit their asset allocation strategy effectively. Some other factors which are important for financial markets are unemployment numbers, GDP data for recent months which can impact financial markets and ultimately JP Morgan's clients.
c) The most complex problem that I faced in my professional career is when it took my first job and my senior colleagues has offered me client details and has asked me to convince them to park their funds with our company for better asset management. This was my first week of my first job and convincing client to park their hard earned money with our middle sized company would be a complex task indeed. However, I prepared myself through extensive research and insights as to how one can present himself in front of clients for better outcome? I have talked with my senior bosses in general talks as to what they used to do for convincing clients, along with lot of internet searches etc.This helped me in getting the desired confidence and I gave the presentation with the same intent. The clients were convinced and I was able to obtain my forst client effectively.