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CIB-Escrow Product Executive-Treasury Services, Executive Director

Req #: 170118211
Location: Hong Kong, , HK
Job Category: Sales/Trading/Research
Job Description:
 
About J.P. Morgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. 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’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and i world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With nearly $20 trillion of assets under custody, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 
 
Treasury Services (TS) -- the world's largest cash management provider -- moves, concentrates and invests client money.   TS products include payments, collections, escrow, deposit, and information services that help companies manage working capital and liquidity. The business, which operates in 41 countries, is the world's largest U.S. dollar clearer, processing an average of $3.2 trillion in fund transfers each day.
 
Escrow Services is a business unit within the Treasury Services division of J.P. Morgan’s Corporate & Investment Bank (CIB). Escrow holds institutional client assets in safekeeping and delivers those assets once certain pre-agreed conditions have been fulfilled. Escrow is used to mitigate risk in institutional transactions, most commonly for mergers and acquisitions, financing and litigation settlements. 
 
This position reports to the Escrow Services Business Executive based in New York.
 
Key Responsibilities:
  • Drive the definition and execution of the strategy in the APAC region including P&L projections, target segments/markets, product capabilities and ensure product strategy is clearly articulated with internal partners.   
  • Take accountability for the Escrow P&L including planning, and financial forecasting
  • Embrace an end-to-end focus on controls as a part of business strategy. Appropriately raise any risk/control issues
  • Center of expertise for our partners and clients on the end to end delivery of the Escrow product regionally
  • Work closely with Treasury and Liquidity partners to maximize the value of escrow deposits on balance sheet. 
  • Own the Escrow pricing process (both deposit and fee based) within the APAC region to ensure the business is taking on incrementally profitable new business. 
  • Identify new opportunities/applications of the Escrow product within APAC and work with functional partners to design and roll-out new products via the NBIA process, as appropriate
  • Act as an internal advocate of the Escrow product
  • Understand and analyze industry trends for Escrow services including risk and regulatory developments and competitive landscape
  • Set a first-class standard of performance and integrity, and expect a first-class standard from the team.

 

Competencies:
  • Banking knowledge, including knowledge of the TS  and escrow businesses
  • Strong quantitative and qualitative analytical skills including business case creation
  • Strategic thinker with the ability to motivate and drive strategic and tactical execution
  • Deep understanding of risk management and effective controls for mitigating risk.
  • Ability to multi-task in a fast-paced environment
  • Demonstrated client facing experience with internal and external clients
  •  A deep understanding of and proven experience with product management principles
  • The ability to lead initiatives from start through finish; build and socialize requirements, partner across various product and functional teams, create and execute against business and project plans.
  • Proven project management experience including project plan creation & management,  issue/ risk identification & resolution, senior level reporting and communication
Qualifications:
  • 10+ years’ experience in product management in financial services
  • Strong financial, analytical and strategic skill set
  • Strong verbal and written communications skills 
  • Chinese language capability is desirable
  • Disciplined approach to risk management
  • Detailed knowledge of product related risk and regulatory environment.
  • Execution-oriented self-starter who likes to take initiative, and is able to get things done
  • Energetic, Team player
  • Excellent leadership and influencing skills
  • Strong presentation skills

 

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