At a Glance
- Tasks: Lead product strategies for Depositary Services, ensuring compliance with regulations and client needs.
- Company: Join J.P. Morgan, a global leader in financial services with a commitment to diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on fostering regulatory excellence and strategic alignment.
- Why this job: Make a real impact in the financial sector while driving innovation and regulatory excellence.
- Qualifications: Strong understanding of UCITS and AIFMD regulations, with excellent analytical and communication skills.
The predicted salary is between 43200 - 72000 £ per year.
Overview
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Job Summary
As a Product Manager within Depositary Services, you will play a critical role in ensuring that our products comply with all relevant regulations and standards. You will work closely with other Securities Services Product teams, as well as cross-functional partners, including Operations, Legal, Compliance, and Sales, to develop and execute product strategies that align with regulatory requirements and our business objectives. You will be instrumental in integrating regulatory requirements into key processes for the safekeeping duties for which a Depositary bank is responsible, ensuring compliance and strategic alignment across Europe.
Job Responsibilities
- Product Design: Develop and syndicate the design of Depositary Bank services with focus on defining the scope and structure of safekeeping, record-keeping, and asset verification services to meet both regulatory and client needs, ensuring alignment with UCITS and AIFMD regulatory requirements.
- Procedure Development: Work with Operations, Depositary Service Delivery and Depositary Management teams to create and maintain standardized procedures for implementing product design, ensuring that all processes incorporate appropriate controls, audit trails, and consistency. Oversee the documentation and regular review of procedures to maintain regulatory compliance.
- Regulatory Integration: Ensure that Depositary Services policies, product definition and services directory fully reflect current and emerging regulatory requirements, monitoring directly or leveraging in-country Depositary Manager teams regulatory developments affecting Depositary Banks and assess their impact on service designs and procedures, and drive the implementation of necessary changes.
- Risk Management: Identify regulatory, commercial, and operational risks related to Depositary services, and design effective controls and mitigants within procedures to address these risks. Coordinate with Internal Audit and BCM for Custody, Safekeeping & Asset Verification topics, processes and issues.
- Training Provide guidance and training to client-facing Depositary Managers as well as Operations & Depositary Service Delivery staff on regulatory obligations, approve procedural updates, and ensure ongoing alignment with regulatory standards.
- Stakeholder Communication: Represent Depositary Services in internal and external forums, communicate regulatory updates, and advocate for compliance and strategic alignment with regulatory requirements.
- Culture and Expertise: Help to foster a culture of regulatory excellence and collaboration, partner with Product Management teams to drive innovation in service design, and develop expertise in regulatory trends to inform strategic decisions.
Required qualifications, capabilities, and skills
- In-depth understanding of the regulatory landscape for Depositary Banks under UCITS and AIFMD, and its impact on service design and procedural implementation.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills, with the ability to work effectively across cross-functional teams.
- Demonstrated relationship management, influencing, and negotiation skills with senior stakeholders.
- Detail-oriented with a strong commitment to regulatory compliance, quality, and consistency.
- Ability to balance detailed regulatory requirements with strategic business objectives.
About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world\’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants\’ and employees\’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
About the Team
J.P. Morgan\’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
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Securities Services - Product Manager - Depositary Services - Vice President employer: Jpmorgan Chase & Co.
Contact Detail:
Jpmorgan Chase & Co. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Securities Services - Product Manager - Depositary Services - Vice President
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at J.P. Morgan or similar firms. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching the latest regulatory trends affecting Depositary Services. Show that you’re not just familiar with the basics but also understand how these changes impact product design and compliance.
✨Tip Number 3
Practice your communication skills! You’ll need to convey complex regulatory information clearly and confidently. Consider mock interviews with friends or mentors to refine your approach.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the team at J.P. Morgan.
We think you need these skills to ace Securities Services - Product Manager - Depositary Services - Vice President
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Product Manager role. Highlight your experience with regulatory compliance and product design, as these are key aspects of the job. We want to see how your skills align with what we're looking for!
Showcase Your Regulatory Knowledge: Since this role is all about navigating the regulatory landscape, be sure to demonstrate your understanding of UCITS and AIFMD in your application. We love seeing candidates who can articulate how they’ve integrated regulatory requirements into their previous work.
Highlight Cross-Functional Collaboration: This position involves working closely with various teams, so share examples of how you've successfully collaborated across departments. We’re keen on seeing your interpersonal skills and how you manage relationships with stakeholders.
Apply Through Our Website: We encourage you to submit your application through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets to the right people!
How to prepare for a job interview at Jpmorgan Chase & Co.
✨Know Your Regulations
Make sure you have a solid understanding of the regulatory landscape for Depositary Banks, especially under UCITS and AIFMD. Brush up on how these regulations impact service design and procedural implementation, as this knowledge will be crucial in your discussions.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving skills during the interview. Think of specific examples where you've identified risks or developed effective controls in previous roles, as this will highlight your capability to manage regulatory compliance.
✨Communicate Effectively
Since this role involves working with cross-functional teams, practice articulating your thoughts clearly and concisely. Be ready to discuss how you've successfully communicated complex regulatory updates to stakeholders in the past.
✨Demonstrate Relationship Management
Be prepared to talk about your experience in managing relationships with senior stakeholders. Share examples of how you've influenced decisions or negotiated outcomes that align with both regulatory requirements and business objectives.