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CIB – Investor Services – Collateral Management Oversight Manager – Vice President / Executive Director - Luxembourg

Req #: 170119556
Location: Senningerberg, L, LU
Job Category: Operations
Potential Referral Amount: 4000 Euro (EUR)
Agency Collateral Management – Oversight Function, (Luxembourg)
 
The Agency Collateral Management organization resides within the Trading Services business of Investor Services providing a scalable, end-to-end suite of collateral services across transaction types and asset classes. Key services include Tri-party collateral management for securities financing transactions and derivatives collateral management for buy side clients.
 
Business Overview & Role Description:
 
The Legal Entity (LE) oversight function will be established in Luxembourg adopting a governance and oversight framework to oversee the quality and consistency of the services provided to the LE and its clients by other JPM legal entities. The oversight function will act as the LE representative in business and product development initiatives, and provide input and direction to Collateral Management business and operations on the LE and local market specific requirements or considerations where necessary.
 
Key Responsibilities of the Collateral Management Lead:
  • Develop, implement and maintain a robust oversight and governance model for the LE, in line with regulatory requirements, including;
1. Monitor performance against Key Performance and Key Risk Indicators, Legal entity and client expectations
2. Establishing the appropriate channels for escalation of service delivery issues, including but not limited to business control forums and committees, Location oversight Risk and control Committee & Legal Entity Boards
3. The LE oversight function will be the escalation point for Collateral Management business and operations. They will also act as the escalation point for the LE management and boards on affiliate service delivery issues or concerns
4. The LE Agency Lending oversight team will establish the outsourced footprint of services relevant to the LE, and establish a schedule of service review meetings and/or due diligence visits to assess performance and to deal with service delivery issues
5. Scorecard to the LE and interested parties on the results of the oversight and governance framework, including service delivery of the affiliate
  • Represent the Legal Entity and local market requirements to the Collateral Management business and operations functions as required
  • Represent the LE in event planning and crisis management e.g. market or sub-custodian issues
  • Ensure full engagement of stakeholders with local and global operational responsibilities
  • Represent Collateral Management at regional business control and risk forums in partnership with the Risk & Control, GFCC and Compliance teams, directed by the Global Business Operations Executive
  • Provide local oversight to Business Control Officer and first and second lines of defense to ensure compliance with and execution of the regulatory agenda impacting the EU Subsidiary’s business, locally and globally
  • Engage with industry/regulator on changes/proposed changes to legislation/regulation that impact the Collateral Management product. Assess impacts and ensure appropriate steps are taken to ensure compliance
  • Represent the LE in specific business projects and initiatives as driven by changes in market standards and regulations e.g. product enhancements, T2S, Network simplification, new sub-custodian relationships.
  • Provide input to client due diligence requests for information on the Collateral Management outsourced footprint and governance model. Present to clients on the footprint and oversight model as required for due diligence purposes
  • Represent the Collateral Management outsourced footprint and governance model to regulators and provide input to regulatory queries and visits as required
Qualifications / Experience
  • Degree level qualification with previous relevant experience in product management, product oversight or product development with proven problem solving experience is preferred
  • Broad commercial banking product knowledge and/or experience would be an advantage. Knowledge of Collateral Management a clear advantage
  • Experience dealing with regulators
  • Excellent organizational, planning, problem solving, time management and analytical skills are required
  • Attention to detail
  • Sponsor and actively promote local employees’ while instilling the firm’s values
  • Outstanding interpersonal/communication skills including the ability to negotiate with external clients and internal banking partners
  • Ability to multi-task within a dynamic environment to meet deadlines and exceed expectations.
  • Self-starter with a strong work ethic and desire to learn
  • Fluent in English and another European language would be an advantage 
Your Background:
 

The ideal candidate will have substantial experience in the Collateral Management and familiarity with current and proposed rules and regulations, as well as a demonstrated track record of success in leading complex, multi-jurisdictional programmes of work.

 

About J.P. Morgan’s Corporate & Investment Bank

 
J.P. Morgan’s Corporate & Investment Bank 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.  Further information about J.P. Morgan is available at www.jpmorgan.com.
 
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
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