Overview of the Financial Instruments and Impact of Digitalization on Asset and Wealth Management

Abstract

J.P. Morgan Chase and Co is one of the leading banks in the world. There are 6 internship programs that are provided by the organization. I was selected in CADP program which stands for Corporate Analyst Development Program. In corporate analyst development, there were 2 lines of business: Asset and Wealth Management & CIB (Corporate Investment Business). I worked under Asset and Wealth Management domain and within that also, I was associated with Wealth Management. We were given online trainings which gave us an overview of the finance industry. It had 65 topic which briefed about different finance topics related them with the real life example also. I received two academic projects for which I did in-depth research and accumulated lot of information and data. The first project was “Impact of Digitalization on Asset and Wealth Management”. It contained an overview of the various digitalization initiatives which have made a mark within the Asset and Wealth Management world. I also elaborated about technology initiatives that have benefited industry; client and overall financial world and the challenges which these inventions have given rise to in terms of compliance and regulatory norms. The project acted as a repository for the operations and the technology world enabling them to understand how digitalization has brought an evolution in the world of Asset and Wealth Management. My second project was “Overview of Financial Instruments”. It contained the information regarding all the instruments mainly: Equity, Fixed Income and alternative instruments like hedge funds and mutual funds, with various examples and past instances related to it. The project was made elaborative and eye catchy by stating relevant examples. Due to the virtual internship, I couldn’t work solely on the functional project but I assisted my buddy and team members by helping them make presentations and accumulate the 6 data. The team works at the back office to ensure that all the operations are carried out efficiently and smoothly. There are various tools and technologies applied to make the work efficient and effective, to decrease the manual interaction and the time consumed during the processes. I had a host of helpful people around me who helped me understand the functions, operations and working of the organization. The internship was all-inclusive which provided me detailed trainings, helped me comprehend my knowledge in the academic projects and then to be able to apply it in the functional project.