Job ref no.: CT3128817-01#5446

CIB - Securities Services - Custody Tax Product Manager - VP

JPMorgan Chase Bank, N.A.

Custody and Fund Services

Custody and Fund Services, a division of J.P. Morgan Chase Bank, N.A.'s Securities Services business, is a global industry leader with over $25 trillion in assets under custody. J.P. Morgan 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. J.P. Morgan's Custody and Fund Services business is comprised of Custody, Accounting, Transfer Agency, Middle Office outsourcing, Foreign Exchange, and other activities related to servicing assets for traditional and alternative funds; it leverages its scale and capabilities in more than 100 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, trading services and alternative investment services.

Position Summary

The Tax product management role will form part of the product management function focusing on the management and control of the Global Custody business with the specific aim, along with the Business leads, Product Control function and the Client teams to run the Global Custody Tax function end to end. This team have responsibility for the definition, ownership and growth of tax product related matters within Global Custody across the end to end functional disciplines: Markets Coverage, Positions and Settlements and Asset Servicing.

Key responsibilities of the role will include:

  • Monitoring and communication of tax changes and their implications across markets, products, and regions to JPM custody business locations and their respective clients
  • Maintaining relevant internal / external materials reflecting current state of local law, treaty, including entity level taxation of various types of investor
  • Management of tax information in JPMorgan's Tax Intelligence platform
  • Working with local sub-custodians to oversee the tax service in the local markets
  • Drafting of market flashes and associated policies, tax product materials, etc.
  • Assisting the business in managing and mitigating tax risk
  • Partnering with JPMorgan Corporate Tax, Legal, Product and Sales / New Business teams to develop new tax products and create business proposals for clients and prospects

Global Custody Tax Product Team general responsibilities:
  • Develop tools to help clients manage the administration of foreign portfolio investment tax considerations
  • Translate tax law / policy / rule changes into business and system requirement
  • Update client facing data using defined JPMorgan standards
  • Engage in industry representative efforts related to the introduction of new or amending tax legislation and associated administrative procedures
  • Maintain Tax product definition and understand what is the product, how is it delivered, who are the clients and how is revenue realized.
  • Ensure a globally consistent service across the Global Custody Tax product to include: legal & risk framework, service model, reporting and required account structures.
  • Perform ongoing competitive analysis and benchmarking to influence strategy.
  • Collaboration with the Operations and Corporate Tax teams to assess the impact of Market & Regulatory developments on the Global Custody Tax product offering and implement appropriate business solutions.
  • Analyse product impacts, opportunities & threats of external and internal changes from a tax perspective.
  • BAU support for Global Custody Tax issues and client requests.
  • Product Leadership and centre of excellence on Global Custody Tax product knowledge and issues - provide direction and guidance to business partners.
  • Act as the face of the Tax Product with clients, supporting client meetings, RFPs and deal presentations
  • Governance and quality assurance of Global Custody Tax solutions /operating models developed against a global standard and product book
  • Definition and implementation oversight for new and/or enhanced product features and functions

Skills and Qualifications:
  • Knowledge of securities taxation principles and tax considerations impacting institutional portfolio investors and custodians
  • Excellent written communication skills with the ability to provide tax regulatory and product updates for internal stakeholders and external clients
  • Strong analytical ability with attention to detail
  • Ability to partner with cross-functional teams in multiple locations
  • Self-starter with a passion for identifying and implementing solutions to problems
  • Capable of managing multiple competing priorities and stakeholders
  • Strong presentation skills and previous client facing experience
  • 7+ years working in a professional services firm, a financial services firm, and/or product management role.
  • Project management experience is a plus
  • A post-graduate law degree or CPA is a plus
  • Mandarin language fluency is a plus but not required

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. 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#5446
Job Function
Employment Term
  • Permanent
  • Full-time
  • 7 years - 12 years
Career Level
  • Middle management level
  • Degree