CIB Operations (Derivatives Ops) - CASS Governance Officer - Associate- Bournemouth

Job description

J.P. Morgan's Corporate & Investment Bank (CIB) 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.

BUSINESS OVERVIEW:

The EMEA CASS Team is responsible for providing support to the Firm and the Directors responsible for CASS Operational Oversight (CF10a) across all UK based entities for ensuring compliance with regulatory rules.

The position forms part of the CASS team within CIB Operations. The team undertakes oversight and control in relation to ensuring JPM's operational compliance with the FCA Client Money and Client Assets Rules (CASS). The team work closely with Operations and Product Management across the different lines of business, including Global Custody, Clearance, 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.

PRIMARY DUTIES AND RESPONSIBILITIES:

The EMEA CASS Support Unit, working with the CF10as, will ensure that the respective Operations and business units are being managed in compliance with the CASS rules. The team will also offer a primary interface with the internal and external review bodies, assisting the CF10as in their regulated capacity.

Key responsibilities of the CASS Support team include:

· Management & secretary of CASS Governance committees

· Provision of CASS decks for Board Reporting

· Lead & co-ordinate CASS audits & reviews – internal & external

· Oversight & monitoring of any resulting CASS action plans

· Lead & co-ordinate CASS Regulatory Reviews

· Lead & manage regulatory changes

· CASS guidance and technical support to the product areas

· Leading CASS breach management process

· Lead & co-ordinate deep dives of CASS related business issues

· CASS RP monitoring

· Management & co-ordination of CMAR & Service Level Agreement

The successful candidate needs to have strong processing and 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 CASS related issues, the ability to exercise sound judgment and to observe the highest degree of confidentiality in the handling of information received in the course of their responsibilities.

Proven manager with at least 5-7 years of experience in Controls, Risk, Compliance or Audit related activity involving Client Money/Client Assets, with a strong program/project management skill set.

· Core Abilities

o Critical thinking: strong analytical and problem solving skills

o Ability to juggle priorities in an environment subject to change and uncertainty

o Demonstrated success in bringing initiatives to timely closure

o Strategic thinking coupled with practical execution

o Ability to anticipate issues and aggressively drive results through initiatives

o Self-starter and ability to learn quickly; sifting through significant detail to derive key points

o Ability to drive change, negotiate and influence

· People and Communication

o Fair-minded, direct, diplomatic communication skills

o Strong relationship management and partnership with a large array of constituents; ability to manage by influence to promote change

o Proactive escalating negative news to relevant parties in appropriate context

· Business and Subject Matter Knowledge

o Broad appreciation of the Markets, Banking and Investor Services business which reside within the Corporate & Investment Bank

o Strong knowledge and understanding of risk

Desired profile

BUSINESS OVERVIEW:

The EMEA CASS Team is responsible for providing support to the Firm and the Directors responsible for CASS Operational Oversight (CF10a) across all UK based entities for ensuring compliance with regulatory rules.

The position forms part of the CASS team within CIB Operations. The team undertakes oversight and control in relation to ensuring JPM's operational compliance with the FCA Client Money and Client Assets Rules (CASS). The team work closely with Operations and Product Management across the different lines of business, including Global Custody, Clearance, 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.

PRIMARY DUTIES AND RESPONSIBILITIES:

The EMEA CASS Support Unit, working with the CF10as, will ensure that the respective Operations and business units are being managed in compliance with the CASS rules. The team will also offer a primary interface with the internal and external review bodies, assisting the CF10as in their regulated capacity.

Key responsibilities of the CASS Support team include:

· Management & secretary of CASS Governance committees

· Provision of CASS decks for Board Reporting

· Lead & co-ordinate CASS audits & reviews – internal & external

· Oversight & monitoring of any resulting CASS action plans

· Lead & co-ordinate CASS Regulatory Reviews

· Lead & manage regulatory changes

· CASS guidance and technical support to the product areas

· Leading CASS breach management process

· Lead & co-ordinate deep dives of CASS related business issues

· CASS RP monitoring

· Management & co-ordination of CMAR & Service Level Agreement

The successful candidate needs to have strong processing and 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 CASS related issues, the ability to exercise sound judgment and to observe the highest degree of confidentiality in the handling of information received in the course of their responsibilities.

Proven manager with at least 5-7 years of experience in Controls, Risk, Compliance or Audit related activity involving Client Money/Client Assets, with a strong program/project management skill set.

· Core Abilities

o Critical thinking: strong analytical and problem solving skills

o Ability to juggle priorities in an environment subject to change and uncertainty

o Demonstrated success in bringing initiatives to timely closure

o Strategic thinking coupled with practical execution

o Ability to anticipate issues and aggressively drive results through initiatives

o Self-starter and ability to learn quickly; sifting through significant detail to derive key points

o Ability to drive change, negotiate and influence

· People and Communication

o Fair-minded, direct, diplomatic communication skills

o Strong relationship management and partnership with a large array of constituents; ability to manage by influence to promote change

o Proactive escalating negative news to relevant parties in appropriate context

· Business and Subject Matter Knowledge

o Broad appreciation of the Markets, Banking and Investor Services business which reside within the Corporate & Investment Bank

o Strong knowledge and understanding of risk

About J.P. Morgan Corporate & Investment Bank
J.P. Morgan's Corporate & Investment Bank (CIB) 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.

About J.P. Morgan Chase & Co.
J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. 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, J.P. Morgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about J.P. Morgan Chase & Co. is available at www.jpmorganchase.com .

JPMorgan offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan is an Equal Opportunity Employer.

The hiring manager for this job opening would be willing to have a conversation about flexibility. This could range from ad hoc flexibility in a full time position, to a more formal Flexible Work Arrangement. The hiring manager is not committing to offering this, just highlighting an openness to having the conversation.