CIB_Associate_Securities Services Controls Manager_Trading Services Fiduciary Oversight_London/Bournemouth

JP Morgan

Location: Greater London

Job Type: Full time


Perfection not required
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About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at

About the Corporate & Investment Bank

The Corporate & Investment Bank (CIB) is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

About Securities Services

Securities Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. Securities Services leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world.

The Securities Services business sits within the CIB and offers three complementary services: Custody, which provides safekeeping, settlement, asset servicing and trustee services; Fund Services, which provides accounting and administration services along with post trade compliance and portfolio reporting; and Liquidity & Trading Services which includes Cash, Foreign Exchange (FX), Collateral Services, Agency Securities Finance and Depositary Receipts.

Job Description

The Control Management team maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk. The team focuses on four areas: Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.

As a Controls Manager you will be responsible for the fiduciary oversight of trading activities and their associated controls within the Trading Services business, specifically Agency Securities Finance.

This will involve oversight and credible challenge of daily desk supervision control checks, oversight of adherence to client investment guidelines, co-ordination of pre-acceptance and post-acceptance/annual account reviews, production of metrics and analysis for controls governance committees, identifying and escalating issues with a sense of urgency, and partnering with the Business to ensure issues are remediated in a timely manner.

This position provides an excellent opportunity for someone interested in “markets-driven” activities to work closely with the business and learn all aspects of key business processes, risks and associated controls. The successful candidate will be exposed to daily interactions with the trading desks and the senior management team and will play a key role in ensuring the business meets all internal and external regulatory responsibilities and manages its risks appropriately.

The role is fungible and provides opportunities to cross train and provide coverage across the full suite of Securities Services products as well as involvement with wider control management initiatives.

Role Responsibilities:

  • Perform oversight of various trading activities, ensuring that regulatory controls for key regulations such as 12 CFR 9, ERISA, CASS, MIFID II and Best Execution are adhered to
  • Support global investment desk activity and implementation of compliance rules in asset management system for client investment guidelines.
  • Maintain and continually review fiduciary policies and procedures as well as corporate fiduciary standards to ensure compliance by the business.
  • Partner with Compliance, Product and Trading on regulatory developments, project manage regulatory-related enhancements and oversee the production and accuracy of regulatory reports.
  • Reinforce the firm-wide control framework to ensure consistency and transparency, including contributing to the CIB Investment Fiduciary Control Committee and representing the Controls team in other governance forums as required
  • In partnership with stakeholders, evaluate and perform end-to-end analysis of the business’ risk and control environment to identify significant gaps and weaknesses and determine root cause of control breaks
  • Ensure that controls are properly designed, operating effectively, and drive a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols
  • Identify issues and ensure prompt escalation, remediation and action plan management in line with core standards
  • Cultivate effective working relationships and promote a strong controls environment with appropriate oversight and clearly defined responsibilities
  • Lead control deep dives and project working groups

Qualifications and Experience:

  • Bachelor’s degree or equivalent experience required
  • Several years of experience in financial services industry with background in controls, audit, quality assurance, operational risk management, or compliance preferred; or equivalent subject matter expertise in a relevant business related function/operation - preferably Securities Services/Agency Securities Finance
  • Knowledge of Fiduciary obligations desirable
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) preferred
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