JPMorgan Network Management (NM) is responsible for the selection and management of the Sub Custodian and Financial Markets Institution (FMI) network. The group is responsible for the engagement, oversight and disengagement of this network who are providing securities services (custody and clearing) and cash services (payments and other foreign currency services) to JPMorgan from a firm-wide perspective. The network spans ~500 financial institutions across 100+ markets. Network Management work closely with these institutions and associated regulatory authorities in each country according to the local market practices and regulatory rules associated with foreign investment.
Job responsibilities:
- Building relationships within Network Management, cross line of business internal departments and with the external Financial Markets Institutions and sub-custodians
- Understanding and engaging operations on product, legal entity, market and regulatory driven changes
- Operational due diligence of agent banks
- Service level assessment and negotiation
- Co-ordination of cross line of business operations teams globally to effect changes and ensuring operational readiness for change events
- Co-ordination of line of business owned activities including SWIFT testing, account opening, change approvals and client communications
Required qualifications, capabilities and skills:
- Experience of executing major, multi-disciplinary and multi-national transformation projects
- Strong project management skills with strategic and operational insight into the challenges and priorities faced by the firm; commercial, regulatory, risk, competitive
- Knowledge of how to overcome obstacles; negotiate win-win solutions between external and internal clients; and manage relationships and expectations (both ways)
- Understanding of the FCA CASS UK client money rules
- Ability to complete work to deadlines with a sense of both urgency and accuracy thorough effective time management including goal setting, planning, prioritizing, scheduling, and monitoring
- Knowledge of firm’s Cash & Securities products and familiarity with Payments and Cash Management, as well as Securities Services, Markets, and Prime Finance, including operations knowledge and experience