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Corporate & Investment Bank, Vice President - Asset Servicing

JPMorgan Chase & Co.

JPMorgan Chase & Co.

metro manila, philippines
Posted on Sunday, June 9, 2024

Job Description

JPMorgan 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. JPMorgan Worldwide Securities Services 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.

Asset Servicing is responsible for the capture, analysis and notification to clients of event information and deadlines, reconciliation and execution of client instructions to the market and reconciliation and posting of clients' cash and stock entitlements for Income & COACs.

As a Vice President within the Asset Servicing team, you will act as a representative for Global Asset Servicing, promoting our strategy, products, and capabilities to both internal and external clients. Your role will involve supporting operational partners in Asset Servicing with strategic initiatives across the department. You will contribute to the strategic development of the asset servicing product, identifying key areas of opportunity, creating robust business cases, and ensuring appropriate levels of analysis are undertaken. Additionally, you will implement the project structure and governance required to deliver on the agreed strategy.

Job responsibilities:

  • Responsible for managing the workflow through the life cycle of Corporate Action & Income products
  • Responsible for processing & validation of Income & Mandatory Corporate actions. Investigating and closing all the income exceptions generated through exception management system per schedule
  • Manage and control of the daily workflow within the Asset Services team
  • Maximize team capacity through effective resource planning and ensure team structure is robust through effective training and succession planning
  • Ensure all daily controls and processing are completed and signed off including client service enquiry resolution, cash and stock break & event management as well as all key metrics are produced as required
  • Own issues related to the Asset Services Department and ensure timely escalation to both Operational and Risk leads
  • Ensure all team members adhere to global escalation policies, maintain up to date awareness of RED policies and procedures, attest to operational procedures at required intervals and actively comply with ethics and behavior standards
  • Provide direction and leadership to the team. Provide effective communications to the department, ensuring staff are aware of strategic and regulatory changes in the organization
  • Continued review of content and presentation of Standard Operating Procedures, in line with introduction of new policies and ongoing risk management activities
  • Act as a focal point for issue planning or crisis review situations. The business demands flexibility in production processes and for technical assessments to be made in short time frames.
  • Ensure department has viable Business Continuity and Concentration plans in place, that are tested in accordance with Bank Policy and that all staff are familiar with the plans.

Required qualifications, capabilities and skills:

  • Bachelors’ degree graduate
  • Minimum of 9 years’ experience in asset servicing or investment domain
  • Operational subject matter expertise in Reconciliation, Settlements and Trade Support
  • Experience in Asset Servicing, Risk & Control and Custody
  • Strong people management skills, ability to lead and motivate managers
  • Strong ability to learn ongoing stream of new markets, products and processes
  • Strong risk and control awareness and ability to effectively priorities workloads and work to critical deadlines
  • Demonstrate ownership and accountability for operational and project deliverables with a proven track record
  • Confident communicator in all mediums to both internal and external clients
  • Strategic thinker, able to review and implement process improvements
  • Display high levels of integrity; operate on the basis of open and honest interaction