|Job Type:||Full Time|
CIB - Securities Services– Cash Product Manager – Associate- London
About J.P. Morgan Corporate & Investment Bank
J.P. Morgan's Corporate & Investment Bank (C&IB) is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $24 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Securities Services, a division of J.P. Morgan’s Corporate Investment Bank, is a global industry leader with $24 trillion in assets under custody. J.P. Morgan provides innovative custody, fund accounting and administration services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. J.P. Morgan's Securities Services business is comprised of Custody, Accounting, Transfer Agency, Middle Office outsourcing, Foreign Exchange, and other activities related to servicing assets for traditional and alternative funds; it leverages its scale and capabilities in more than 100 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services investments around the world.
Business Overview & Role Description:
The Securities Service business manages approximately $150bn of cash liability balances related to assets under custody. Reporting to the Global Head of Securities Services Cash Product, and regionally to the Head of Liquidity for Securities Services in EMEA, you will be part of a team responsible for Cash products and solutions in support of client business globally. You will work with the global Cash & Liquidity teams on requirements for cash management and payment activity across J.P. Morgan’s agent network. You will work with colleagues across J.P. Morgan including Treasury, Treasury Services, and Wholesale Payments Operations.
As part of the Cash Product team, you will be responsible for the full suite of cash products (payments, receipts, reporting, messaging, deposit center footprint) for our clients, and the markets supported by Securities Services in the region, taking responsibility to help shape the landscape in the short, medium and long term. This is an exciting opportunity to work in a complex, challenging and changing environment at one of the world’s leading custodians.
Based in London, the Cash Product Manager will be responsible for supporting product definition and financial performance of Cash capabilities, within Custody and Fund Services.
- Develop a robust understanding of the Securities Services
client base and market dynamics - competition, regulatory changes,
emerging client requirements and product needs
- Support implementation of strategic programs to deliver
payment and cash management capabilities for Securities Services clients, including engagement with Treasury Services on
Graphite payments platform
- Ongoing oversight and management of Securities Services compliance
with payments regulations including PSD2
- Support continued Emerging Markets cash demand/challenges
- Support, development, implementation, and management of cash
management operating model and account structure for non-treasury
supported markets including supporting free cash, 3rd party FX, and other
- Develop, implement and manage cash solutions for the broader Securities Services product suite (including
Private Equity and Real Estate Services, Collateral Management, Direct
Custody, Transfer Agency) in partnership with
- Identify opportunities to improve the cash product offering and
enhance client experience,
- Drive the investment initiative, NBIA and OCC processes for EMEA
- Act as the escalation point for product related questions
within the region and ensure suitable resolution and management of issues.
- Drive coordination with the Treasury Services division of
CIB, which is responsible for cash management and cash payments
infrastructure for the firm, including all investments and development
efforts related to that infrastructure
- Support Ad-hoc research and resolution of daily issues, data
requests, reporting requirements, as well as regulatory requests
- Support internal and external product training and selling of
products managed including RFI and RFP process
- Work with the global product teams to create a consistent
model (where applicable/possible)
The successful candidate will have worked in a Securities Services or Treasury Services environment for a minimum of 3-4 years in a Product Management, Product Development, Operations, Technology role.
Key attributes include:
- Knowledge of cross border payments and clearing
infrastructures Product, Risk and Business Management disciplines.
- Strong analytical skills in terms of process and operating
model re-engineering and
understanding clients needs related to Cash
- Be able to research the anticipated needs of clients; through
a combination of "own" research as well as coordination across a
number of key partners
- Be keen to understand the competitive landscape;
understanding the features and functions of competitor offerings
- Strong time management, organizational and planning skills
- Strong communication and influence management skills, ability
to articulate complex ideas and analytics in a succinct way
- Ability to perform in a high pressure, team environment,
working across time zones and geographies
- Proficiency in full suite of Microsoft Office products.
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package. J.P. Morgan is an Equal Opportunity Employer.
About J.P. Morgan’s Corporate & Investment Bank:
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
“JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government’s Disability Confident Scheme.”
This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.