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CIB - Custody & Fund Services - Global Custody Industry Development– Vice President

Req #: 180016658
Location: London, ENG, UK
Job Category: Investment Banking
Job Description:
J.P. Morgan Corporate & Investment Bank (CIB):

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. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
 
 
J.P. Morgan Custody & Fund Services:
 
J.P. Morgan Custody - global leader with $22 trillion in assets under custody, provides Institutional investors access to markets worldwide for the settlement, safekeeping and asset servicing of securities, along with ancillary services such as Foreign Exchange and Liquidity Solutions. J.P. Morgan’s Custody and Fund Services (C&FS) 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.
 
Global Custody Industry Development:
 
Global Custody Industry Development is a newly established unit within Custody & Fund Services, which is responsible for defining and leading the engagement strategy with Legislators and Regulators; FMIs, Industry Associations, service providers and other custodians across topics of strategic importance to Custody & Fund Services.
A key focus area is to model how infrastructure and regulatory changes impact our legal entity structure, geographic footprint, use of providers, and future development of our services.
Another area is to analyze how digital innovations (such as DLT, AI and robotics) will shape the future role of custodians, FMI’s and other market participants, engage closely with regulatory and industry initiatives, recommend a strategic approach, and position JP Morgan as an industry  thought leader.  
This is a broad based all-encompassing role, which will provide in-depth analysis, idea generation and strategic recommendations to assist senior management in defining a forward-looking business strategy. A key part is to and engage constructively with other market players, associations and regulators to influence the transformation of the post-trade environment in line with the JP Morgan strategic objectives. 
While the scope of the team’s remit is global, it is currently based in London. The team members are experienced product managers, with a broad network and strategic overview of the custody and regulatory agenda.
 
 Role Summary:
 
The primary focus of the role will be to work closely with internal teams and external partners to support and drive analysis, strategy and execution of the Industry Development agenda. Strong analytical skills and end to end ownership is critical. This role will require working with other product areas, strategy, regulatory affairs, public affairs, legal, technology operations and fintech centers of excellence, as well as external engagement with industry associations, regulators and vendors. The role is based out of London, and report to the head of Industry Development
 
 
Role and Responsibilities:
 
  • Provide oversight and co-ordination of key Industry Associations relationships, regulatory initiatives tracking and engagement strategy
  • Engage and assist the team in the analysis, strategy recommendations and engagement agenda for key FMI and industry utilities
  • Analyze impact and opportunities of digital innovations on custody and fund services, establish business cases, potential future custody models, and roll-out plans
  • Preparation and ongoing update of briefing papers with recommendations to CFS management for project initiation or watch status
  • Leading co-ordination with relevant product industry development leads and SME to ensure complete and accurate information is collated to define project requirements for initiatives
  • Working with product owners to ensure resources are applied to projects as key success criteria
  • Creation of key metrics to track progress of key industry initiatives – creation of a reporting package to ensure CFS management are kept aware of progress, risks and challenges for specific projects  
Required skills/experience:
 
  • Self-starter mentality, and drive to learn fast autonomously. Ability to think out of the box
  • Good understanding or knowledge of the industry, ideally gained from either within operations, product management or the relationship / client service organization
  • Knowledge of and keen interest in areas of digital innovation and how they can influence the provision of securities services.
  • Must demonstrate an ability to quickly grasp concepts and have an understanding of  the post-trade business and then be able to articulate them clearly and concisely
  • Commercially focused and able to understand the business drivers; experience in analyzing data and putting together business cases would be advantageous
  • Previous experience of product management and the surrounding regulatory environment would be ideal, otherwise a demonstrable understanding of the core concepts of product management and regulations
  • Strong business analysis skills backed by the ability to collaborate with multiple stakeholders would be beneficial
  • Able to demonstrate strong presentation and communication skills.
  • Strong skills in using Microsoft Office tools to communicate and present.
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.
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