UK CASS BUSINESS ANALYST / CHANGE MANAGER (ASSOCIATE) – BOURNEMOUTH
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 www.jpmorganchase.com.
About J.P. Morgan Custody & Fund Services
Custody & Fund Services (CFS) is a business within the Corporate and Investment Bank that 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 offers cash, FX, collateral management, securities lending and depository receipts services.
This role forms part of the Business Control Office which supports the CFS business in EMEA, and will be part of a sub-team focussed exclusively on CASS (the Client Assets Sourcebook).
The CFS CASS agenda is undertaking a transformation. A single utility is being created to manage CASS within CFS with the aim of creating and implementing a consistent, business-wide CASS management approach.
This role is to work with other team members in implementing the change required to simplify and standardize the CFS CASS management model. Large bodies of complex transformational work will be completed in sequential, short phases with examples being to standardise the cross-CFS CASS regulatory reporting approach, or to standardise how CASS related controls are captured, tracked and tested from a Risk and Control Self Assessment (RCSA) perspective. This will require review of applicable CFS systems, identifying synergies and implementation of consolidation / enhancements.
Change work may require technological enhancements but it is expected to be primarily focussed on documentary and procedural standardisation and uplift.
Other responsibilities will include:
- documenting all CASS processes across CFS, including bespoke client operating models, with a view to consolidating and standardising where possible
- performing thematic reviews of breaches across products to design better controls or recommend operating model changes to business owners
- reviewing and responding to changes in the business structure rules
- documenting written responses to internal and external auditors, compliance testing teams, Request For Proposals (RFP), due diligence and New Business Initiative Approval (NBIA) from a CFS CASS perspective
- business training support, risk mapping and annual CASS business reviews.
The role entails understanding the FCA UK CASS rules, acting as a business advocate in handling the CASS change agenda and working in conjunction with operations, technology, regulated individuals, Compliance and other functional partners.
This role will be varied and demanding and requires the ability to think strategically and partner with diverse teams to quickly drive efficiency and process change.