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CIB - Custody & Fund Services - Positions & Settlement Product Development Manager - Vice President

Req #: 180033803
Location: Bournemouth, ENG, UK
Job Category: Investment Banking
Job Description:
About J.P. Morgan Chase & Co.
 
J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and 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, J.P. Morgan 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 J.P. Morgan Chase & Co. is available at www.jpmorganchase.com.
 
About J.P. Morgan Investor Services
J.P. Morgan Investor Services (IS) 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. With $18.2 trillion in assets under custody and $7.3 trillion in assets under administration, Investor Services leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world.
 
Business Overview & Role Description:
 
JPMorgan is one of the largest Global Custody and Clearing organisations in the world – with offices, operations and clients throughout the world.  This role is responsible for leading the delivery of positions and settlement related product enhancements and targeted tactical and strategic solutions to meet the extensive needs of the clients and prospects for the Global Custody business. Our aim is to position J.P. Morgan as ‘best in class’ with clients and prospects. The Product Development Team also maintains and expands subject matter expertise, providing thought leadership in the Global Custody product space. 
The Product Development Team is multi-locational (London, Bournemouth, New York, Hong Kong) and is organized into functional groups each with a distinct and vital role in managing and delivering change for clients and the Custody Product Roadmap:
  • Positions & Settlement        
  • Asset Servicing  
  • Foreign Exchange, Cash & Liquidity
  • Client Reporting
The Positions & Settlement Product Development Manager will have responsibility for the development and delivery of change related to the Positions & Settlement product in CFS (Custody and Funds Services) within Investor Services. The high level end to end responsibilities include developing the product based the strategy of the business and will involve understanding current and new regulatory, client and internal drivers. This role requires effective partnership across CFS including, Technology, Operations, Risk Management, Compliance as well as cross functional Product teams.  An in-depth understanding of the positions & settlement product in relation to market practices and the ability to apply relevance to CFS with knowledge of the risk and operational processes is critical.
 
Key Responsibilities:
 
This position, within the Product Development team, will be located in Bournemouth. The successful candidate will be responsible for implementing product solutions, technology and/or client change aligned to the strategic roadmap for the Custody business.
 
Key responsibilities for this role include:
  • Product subject matter expert for Positions & Settlement in the context of the delivery of Global Custody to an C&FS client
  • Delivering tactical and/or strategic Custody Positions & Settlement solutions through the full project life cycle
  • Drive the delivery of key Custody Positions & Settlement product initiatives: responsibilities range from concept, analysis, design, testing through to deployment
  • Drive impact assessments and business model transformation relating to cross functional change
  • Gain a comprehensive understanding of existing product capabilities and influence the product design and solutions for new opportunities
  • Key input into the business benefits of any proposals to build out capabilities
  • Construct detailed current and end-state process maps/process flows as required
  • Create business requirements that sufficiently reflect the business ask to the technology development
  • Ensuring project implementation and closure disciplines are followed
  • Working with functional partners including: Middle Office, Client Services, Network Management, Risk, Compliance and other Operational areas to deliver agreed solutions
  • Planning and co-ordinating test phases as required, ensuring success criteria are clearly defined and clearly met at test conclusion
  • Timely escalation to Stream Leads and where applicable the Implementation Manager of project risks and issues
  • Working with Programme Manager, Team Lead and stakeholders to ensure effective resource allocation in line with programme priorities
Qualifications
 
Required skills and background
 
The successful candidate will have worked in a Global Custody securities environment and have the following skills:
  • Influencing and negotiation skills across a globally distributed model to support the product strategy
  • Team player with the ability to  lead and motivate people across the bank
  • Results orientated: Drive results through people, communication, influence management and interactions.
  • Strong Analytical/Quantitative skills, using programs such as Microsoft Office( particularly EXCEL and Powerpoint)
  • Communication: Confident communicator in all mediums across varied audiences combined with the ability to interact with senior executives
  • Strong presentation skills
  • Multi-tasker: Ability to multi-task, effectively prioritize workloads, and manage multiple streams of work concurrently
  • Initiative: self motivated who is able to move initiatives forward in a cross-functional, multi-location model
  • Ability to maintain close working relationship with sales, Product Management, client service and product delivery managers to ensure customer satisfaction and product profitability
  • Ability to think outside of the box with the vision, energy and practical execution skills to help define the business strategy and deliver accordingly
  • Strong organizational skills with the ability to handle multiple initiatives/projects/work streams simultaneously
About J.P. Morgan Chase & Co: 
 
J.P. Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.1 trillion.  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 serves millions of clients and consumers under its JPMorgan and Chase, and WaMu brands.
 
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package. J.P. Morgan is an Equal Opportunity Employer
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