Apply Now    

CIB - Custody & Fund Services - UK Depositary Manager - Executive Director / Vice President

Job Description

Job Description for UK Depositary Manager
 
Custody and Fund Services, a division of Investor Services, is a global industry leader with over $20 trillion of assets under custody.  J.P. Morgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers.  J.P. Morgan leverages its scale and capabilities in more than 90 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. For more information, please visit www.jpmorgan.com/wss
 
J.P. Morgan’s Depositary business is a market leader in the provision of depositary services, servicing in excess of $2 trillion of assets for 150 clients across 13 European locations.  The Depositary team monitors activities of the investment managers to confirm compliance with regulations, identifying and resolving any breaches to help ensure the underlying investor interests are protected, across a range of fund structures, including funds subject to the Alternative Investment Fund Managers Directive and UCITS Regulation.
 
Reporting up to the UK Business Head of Depositary Services, this VP / ED role will be responsible for managing several UK client groups, with primary accountability for ensuring JPMorgan’s depositary oversight obligations are discharged in accordance with UK and other fund regulation. This includes continuous risk assessment, oversight of breach and error resolution, documentation review and the management of a formal client review programme involving ongoing site visits.
 
Key responsibilities include: 
  • Pro-active and timely approach to client / industry issues, including analysis of key depositary risk assessment data and other MIS to support ongoing oversight
  • Regular meetings, presentations and other contact with clients at appropriate intervals ensuring client relationship plans are kept under review and shared with Investor Services Relationship Managers
  • Developing and sustaining high quality working relationships with senior client group personnel
  • Ensuring service levels are maintained / improved where appropriate in support of regular scorecards and annual industry surveys
  • Supporting the Relationship and Sales team engagements with existing client, new prospects, demonstrating J.P. Morgan’s awareness of regulatory change and Depositary product differentiators in supporting client needs
  • Protecting existing C&FS revenue and selectively growing the business, identifying opportunities to expand depositary services, profitably supporting regulatory change and evolving client strategies
  • Engagement with Operations, Product partners, Markets, Platform, Solutions, Risk, Legal and Compliance partners to ensure the Depositary strategy is comprehensive and supports the wider Investor Services business growth objectives appropriately
Experience / Demonstrated Qualities:
 
  • Extensive experience of the Investment Management industry
  • In depth knowledge of UK fund regulation and awareness of the broader European mutual fund agenda including AIFMD and UCITS V impacts
  • Knowledge of the Depositary product offering and other fund products across key European locations including current competitor strengths and weakness, with primary emphasis on the UK market
  • Strong analytical and influencing skills to assess regulation, data and metrics, identify trends and opportunities
  • Network of industry contacts across asset managers, administrators, industry bodies, regulators and competitors
  • Ability to develop and maintain high quality working relationships with senior client group personnel
  • A high level of awareness and understanding of the ‘tail risk’ associated with the depositary product will be key to driving a culture of discipline and continuous improvement
  • Understanding of the depositary’s regulatory responsibilities as they impact Investor Services
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

 

Req #: 180050525
Location: London, ENG GB
Job Category: Investment Banking
Employment Type: Full Time
Potential Referral Amount: 3500 Pound Sterling (GBP)

Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Join Now

Privacy Statement

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please contact us by calling (US and Canada Only) 1-866-777-4690. Please indicate the specifics of the assistance needed.


Keep in touch

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.