Role: CIB Operations - Client Asset Executive, Executive Director (604) - Bournemouth
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
Department Descr iption: J.P. Morgan's Corporate & Investment Bank (CIB) is 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.
Location Description: Over 4,000 employees work at the Bournemouth Corporate Center. We take immense pride in our work and in helping our community. We're proud to leverage the local workforce and engage closely with schools and charities. Our campus is set in 13 acres of grounds and includes on-site Tennis Courts and easy access to local sports facilities. We have good transport links including our commuter bus service. The site is currently benefitting from massive investment, redeveloping the office space into a High Performance Workspace and adding exciting new offerings to our communal spaces. We have 2 restaurants on site offering a wide range of healthy options. The staff are able to join a wide range of groups from yoga to language classes, to groups supporting the diverse range of cultures represented here.
Job description: The UK Client Asset Team and European Safeguarding of Client Asset (CASS/SGCA) is responsible for providing support to the Firm and the Directors responsible for Safeguarding of Client Assets across UK and European based entities to ensure compliance with regulatory rules. The team undertakes oversight and governance in relation to ensuring JPM's compliance with the respective UK Client money and Clients rules (CASS) and Luxembourg, German and Irish Safeguarding of Client Money and Client Assets Rules (SGCA). The team work closely with Operations , Business and Product Management spanning all lines of business across the Legal Entities in scope for CIB including Global Custody, Collateral Management, Funds Services , Escrow, Securities Lending, Liquidity Solutions , Derivatives, Futures and Options, FX , Equities and Fixed Income . In addition, the team partner with Compliance, Audit and Risk.
Summary of Responsibilities: The CASS/SGCA Team's primary responsibility is to provide direct support to the UK Client Asset Oversight Officers (CAOO) and the European Single Officers for them to adequately fulfil their CASS responsibility. The role involves management of the support model and frame work that drives accountability and ownership, across the organisation, of the Designated and Senior Ops/business managers who are accountable to the CAOOs or single officers. The team ensure appropriate process and control are in place across the organisation to fulfil regulatory requirements.
The successful candidate needs to have strong analytical skills; the ability to work independently, the willingness to work across the various lines of business and is adaptable to change. In addition, the candidate needs to demonstrate extensive banking and compliance knowledge in working through CASS related issues, the ability to exercise sound judgment.
Key Responsibilities:
- Manage governance support model to address issues across single and or multiple businesses to allow the CAOO and single officers to conduct effective oversight of the entities they are responsible for
- Communicate and escalate appropriately with primarily, CAOO, single officers, compliance and senior business partners
- Manage the CASS risk assessment process, external CASS/SGCA related audits, breach management, awareness training, policy and standards
- Manage the daily client money segregation, maintenance of CASS/SGCA resolution pack and amalgamation of monthly CMAR
- Build strong partnership with Business partners, Technology and Compliance
- Lead the transformation agenda by enhancing the governance model to be data driven and effectively utilize appropriate technology (including in house and vendor solutions)
- Prepare all relevant board updates on behalf of CAOO/single officers as well as multiple layer of communication across the Organization.
- Be a face to the FCA, draft and manage all written communication to the FCA
Key Skills:
- Strong communication skills - both verbal and written. The role requires a confident and assertive communicator with the ability to push back when necessary.
- Initiative - taking the lead in unstructured situations, including seizing new opportunities.
- Strong people management skills
- Strong partnership skills
- Strong organisation skills
- Control focus and attention to detail
- Flexible attitude in dealing with multiple tasks and environment
- An understanding of CASS rules through existing knowledge and or on-going development of knowledge.
- PowerPoint skills required
Experience Required:
- Extensive experience in investment banking and compliance or operational team
- Able to demonstrate working in a control focused environment
- Demonstrated leadership and ability over process and control, both over established and required enhancements
- Attested track record of working to deadlines, with accountability and responsibility for independent workload
Happy to talk flexible working. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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 and a member of the UK Government's Disability Confident Scheme.
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