Job ref no.: CT3128817-01#3728

CIB Operations - Financial Market Infrastructures Network Manager - Hong Kong

JPMorgan Chase Bank, N.A.

CIB DPS Network Management - Financial Market Infrastructure Network Manager - Vice President

J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and securities 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. Further information about J.P. Morgan is available at www.jpmorgan.com .

Network Management is a central function within the CIB Digital & Platform Services organization responsible for managing J.P. Morgan's Lines of Business ("LOBs") relationships with their network of local market participants and market infrastructures. These critical providers include Financial Market Infrastructures ("FMIs") (Payment Systems, Central Counterparties ("CCPs"), and Central Securities Depositories ("CSDs"), and Agent Banks (subcustodians, cash correspondents, partners, and clearing banks).

Network Management is primarily located in London, Bournemouth, New York, Tampa, Hong Kong, Singapore and Mumbai to provide coverage of markets and selected clients. While the group resides within the CIB, it supports all J.P. Morgan's lines of business including Corporate & Investment Bank (Global Markets; Securities Services; Wholesale Payments), Asset & Wealth Management, Commercial Bank and Consumer & Community Banking.

Financial Market Infrastructures

Financial Market Infrastructures ("FMIs") play an integral role in post-trade, Payment, Clearing and Settlement ("PCS") of cash and securities transactions and instruments worldwide. FMIs comprise three key segments; Central Securities Depositories ("CSDs"); Payment Systems and Central Counterparties ("CCPs"), and are critically important to the operability, connectivity and stability of the financial markets in which they operate. Soundness, resilience, and strength of supervision and oversight of each FMI is a key focus of both regulators, and the banks and institutions that use them ensuring related risks can be appropriately identified and managed.

J.P. Morgan is a direct member of approximately 200 FMIs globally, and membership of each FMI exposes J.P. Morgan to a number of risks, including membership, operational, financial and regulatory risks. As a Financial Market Infrastructure Network Manager in Network Management the successful candidate will be responsible for the ongoing assessment and oversight of current and evolving FMI-related risks arising from J.P. Morgan's direct memberships of FMIs as part of its FMI Risk and Oversight framework.

Financial Market Infrastructure Network Manager job functions and responsibilities

  • Responsible for the membership risk assessment and oversight, governance and escalations of a complex and diverse cross-regional portfolio of Payment Systems, CCPs and CSDs (collectively "FMIs"). Responsibilities include performing membership risk assessments on non-CCP FMIs (Payment Systems and CSDs), and due diligence on all FMIs, identifying and reporting key risks and exposures to J.P. Morgan Lines of Business ("LOB") and other key cross-functional partners.
  • Accountable for contributing to the FMI membership risk assessment and oversight methodology (Standard Operating Procedures ("SOPs"). This includes assessment and incorporation of new and relevant criteria into the methodology as the regulatory landscape evolves.
  • Implement on-going monitoring and governance requirements for FMI membership risks including adapting to regulatory and business changes over time.
  • As LOBs define their strategies, provide input and thought leadership into materially significant business initiatives to evaluate and identify risks associated with new/prospective FMI memberships.
  • Participate in and contribute to key internal forums and provide updates to senior management across all areas of the firm.
  • Serve as a subject matter expert to provide global, cross-LOB risk and governance advice and guidance on new and/or existing engagements, covering risks related to regulatory obligations, legal risks and credit risks, to shape business decisions.
  • Collaborate with Network Management, LOB and other cross-functional partners to ensure J.P. Morgan's compliance with relevant FMI-related regulatory guidance and obligations, such as OCC Banking Circulars and Interpretive Letters.
  • Develop the skills necessary to participate in special projects and initiatives as required (e.g. regulatory requests / examinations, recovery & resolution planning, etc.).

Qualifications

  • Financial Services, Legal, Audit, Regulatory or Risk Management background, with at least 5 years' experience in analyzing, interpreting and applying complex rules, regulations and scenarios
  • Demonstrated ability to distill complex information and articulate outcomes and opinions to key stakeholders.
  • Experience in interacting with cross-functional and regional partners, and senior management across the organization
  • Strong written and verbal communication and presentation skills;
  • Payments and securities services experience preferred.
  • Ability to prioritize and manage multiple deliverables in a dynamic and evolving environment.
  • Effective project management skills, ability to contribute to enhancements in processes, controls, and systems.
  • Ability to develop partnerships and work with different teams interacting across all levels of the organization.
  • Ability to make informed, balanced decisions to shape and influence successful outcomes for J.P. Morgan.

Mandarin speaking preferredJ.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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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More job information
Job ref no. CT3128817-01#3728
Salary
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 5 years - 10 years
Career Level
  • Middle management level
Education
  • Degree