CIB-Network Management–Financial Market Infrastructure Network Manager-VP Bournemouth / London

JP Morgan

Location: Dorset

Job Type: Full time

Posted


CIB DPS Network Management – Financial Market Infrastructure Network Manager – Vice President

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and securities 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.

Network Management is a central function within the CIB Digital & Platform Services organization responsible for managing J.P. Morgan’s Lines of Business (“LOBs”) relationships with their network of local market participants and market infrastructures. These critical providers include Financial Market Infrastructures (“FMIs”) (Payment Systems, Central Counterparties (“CCPs”), and Central Securities Depositories (“CSDs”), and Agent Banks (subcustodians, cash correspondents, partners, and clearing banks).

Network Management is primarily located in London, Bournemouth, New York, Tampa, Hong Kong, Singapore and Mumbai to provide coverage of markets and selected clients. While the group resides within the CIB, it supports all J.P. Morgan’s lines of business including Corporate & Investment Bank (Global Markets; Securities Services; Wholesale Payments), Asset & Wealth Management, Commercial Bank and Consumer & Community Banking.

Financial Market Infrastructures Network Management

Financial Market Infrastructures (“FMIs”) play an integral role in post-trade, Payment, Clearing and Settlement (“PCS”) of cash and securities transactions and financial instruments worldwide. FMIs comprise three key segments; Central Securities Depositories (“CSDs”); Payment Systems and Central Counterparties (“CCPs”), and are critically important to the operability, connectivity and stability of the financial markets in which they operate. Soundness, resilience, and strength of supervision and oversight of each FMI is a key focus of both regulators, and the banks and institutions that use them ensuring related risks can be appropriately identified and managed.

J.P. Morgan is a direct member of approximately 200 FMIs globally, and membership of each FMI exposes J.P. Morgan to a number of risks, including membership, operational, financial and regulatory risks. As a Network Manager in the Financial Market Infrastructure Network Management team the successful candidate will be responsible for the ongoing assessment and oversight of current and evolving FMI-related risks arising from J.P. Morgan’s direct memberships of FMIs as part of the Network Management FMI Risk and Oversight framework.

Financial Market Infrastructure Network Manager job functions and responsibilities

  • Responsible for the ongoing due diligence, oversight, governance, and escalations on a complex and diverse cross-regional portfolio of Payment Systems, CCPs and CSDs (collectively “FMIs”). Responsibilities include performing due diligence and oversight on all direct FMI memberships, with a focus on Europe, Middle East and Africa (EMEA), in line with Corporate TPO requirements, identifying and reporting key risks to J.P. Morgan Lines of Business (“LOB“) and other key cross-functional partners.
  • Accountable for contributing to the FMI Network Management due diligence and oversight Standard Operating Procedures (“SOPs”) and process reviews. This includes assessment and incorporation of new and relevant criteria into the oversight process as the regulatory landscape evolves.
  • Implement on-going monitoring and governance requirements for FMI membership risks including adapting to regulatory and business changes over time.
  • Support LOB’s business strategies and priorities, including expansion into new markets and joining of new FMIs.
  • Participate in and contribute to internal governance and controls forums and provide updates to senior management across all areas of the firm.
  • Serve as a subject matter expert to provide global, cross-LOB risk and governance advice and guidance on new and/or existing FMI engagements, covering a wide range of potential risks in order to support business decisions.
  • Collaborate with Network Management, LOB and other cross-functional partners to ensure J.P. Morgan's compliance with relevant FMI-related regulatory guidance and obligations.
  • Develop the skills necessary to participate in special projects and initiatives as required (e.g. regulatory requests / examinations, recovery & resolution planning, etc.).

Qualifications

  • Significant experience in Financial Services, Risk Management, Legal, or Regulatory background,
  • Experience in analyzing and interpreting complex rules, regulations and scenarios beneficial.
  • Demonstrated ability to distill complex information and articulate outcomes and opinions to key stakeholders.
  • Experience in interacting with senior management and cross-functional, regional teams and business partners.
  • Detail orientated with strong written and verbal communication and presentation skills.
  • Ability to prioritize and manage multiple deliverables in a dynamic and evolving environment.
  • Effective project management skills, ability to contribute to enhancements in processes, controls, and systems.
  • Ability to develop partnerships and work with different teams interacting across all levels of the organization.
  • Ability to make informed, balanced decisions to shape and influence successful outcomes for J.P. Morgan.

Location: Bournemouth or London

JP Morgan is an equal opportunities employer

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