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Asset Management, J.P.Morgan International Bank, Business Manager – Global Wealth Management, MD, London

Job Description

JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2 trillion, over 265,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Commercial Banking, Consumer and Community Banking, Corporate and Investment Banking.

 

The Global Wealth Management business offers individuals and families personalized, comprehensive financial solutions that integrate sophisticated investment management, capital markets, trust and banking capabilities.  JPMorgan Private Bank was recognized in 2015 by Euromoney as the world’s best global private bank, with more than 1,800 client advisors in 120 offices in 11 countries.

 

J.P. Morgan International Bank Limited (JPMIB) is the primary entity which is used to provide private banking services to high net worth (HNW) and ultra high net worth (UHNW) individuals in the EMEA region, excluding Switzerland. It is also the entity which provides banking, trading, and brokerage and custody services to clients of the Global Wealth Management (GWM) in Asia.  JPMIB is a UK bank and is regulated by the PRA and FCA; it operates out of its UK head office and branches in Brussels, Frankfurt, Madrid and Milan. 

 

Description

The JPMIB Business Manager (BM) will be responsible for overseeing the entity’s day-to-day operations on behalf of the JPMIB Management Committee and JPMIB CEO.  The JPMIB BM will report into the Private Bank EMEA Senior Business Manager and will be a key member of management, responsible for maintaining an effective and efficient approach to all regulatory and control matters for the entity.  As a key senior manager for the entity, the JPMIB BM will be a highly visible role which will require the ability to influence effectively at all levels. 

 

The JPMIB BM will also be responsible for:

 

  • Direct oversight of the business managers supporting the entity both in the UK and across the branches, including market aligned teams

  • Supporting the business initiatives for markets booked into the entity

  • Helping to drive the resolution of risk, legal & compliance issues impacting the entity

  • Acting as the business lead in coordinating responses to local and global regulators, including preparation for regulatory visits

  • Approving new product and business initiatives, ensuring the overall impact on the entity has been understood and any implementation/control gaps addressed

  • Governance of the consolidated entity and branch regulatory reporting, and oversight of the team responsible for Client Money and Assets reporting and Deposit Guarantee Schemes Directive processes

  • Ensuring consistency of operations across the branches and delivering entity-wide initiatives

  • Partnering with Corporate Real Estate on management and oversight of premises across the entity and it’s branches

  • Oversight of Service Level agreements (internal/external); in particular the activities provided by JPM Suisse to JPMIB

  • Contingency and resiliency planning

Qualifications

  • Background in Private Banking or Asset Management including understanding of the products and services

  • Excellent communication skills - both written and verbal.  The BM will need to be comfortable and effective in communicating with senior management and across various functions

  • Proven leadership, people management and organisational skills

  • Ability to bring a variety of issues to resolution, though personal efforts, directing a team and/or leveraging/influencing other functions

  • Strong risk and control mind-set

  • Proactive attitude, self starter and open to feedback

  • Action oriented with strong analytical skills and a proven ability for problem solving

  • Minimum qualifications would be a Bachelor's degree, although an advanced degree or certification would be considered a plus

  • European language skills would be beneficial

JPMorgan offers an exceptional benefits program and a highly competitive compensation package.

 

JPMorgan is an Equal Opportunity Employer.


Req #: 160001220
Location: London, ENG GB
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 3500 Pound Sterling (GBP)

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