CIB CAO – MARKET & INFRASTRUCTURE MANAGEMENT – ANALYST – LONDON

CIB CAO – Market & Infrastructure Management – Analyst/Professional for EMEA –  London

J.P. Morgan’s Global Market Infrastructures (GMI) is a global function within the Chief Administration Office (CIB), responsible for managing the Firm’s network of critical third party providers to meet the Firm’s requirements for cash and securities services for its proprietary and client activities. These critical providers include Financial Market Infrastructures (Payment Systems, Central Counterparties, Securities Depositories and Cheque Clearing Systems) and Agent Banks (cash correspondent banks, partner banks and securities sub-custodians and clearing banks).
 
GMI leverage the standards of the Firm’s Third Party Oversight (TPO) program to select, maintain and exit Financial Market Infrastructures (FMIs) and Agent Banks in scope, thereby meeting the Firm’s regulatory requirement to manage critical third parties as well as the Firm’s standards and client expectations. In doing so, we support and work closely with all the Lines of Business (LOBs) across the Firm.
 
Within GMI, the Market and Infrastructures Management (MIM)  team is responsible for the procurement, management and oversight of  the various aspects of the Firm’s membership and relationship with FMIs and Agent Banks, meet the TPO requirements, assess the underlying risks, ensure we meet all regulatory requirements, and manage our spend. The MIM team is also responsible to understand the markets covered, track and evaluate market developments, lead and participate in market or industry discussions to represent the interests of the various LOBs and their clients. Where we are represented on the board of FMIs or FMI committees, we act as coordinator across the businesses, briefing the relevant JPM parties involved and fostering strategic discussions to represent the interests of the Firm and the Firm’s clients.
 
The Market and Infrastructure Analyst/Professional for the EMEA region will be working in partnership with the Securities regional team of Market Managers and the MIM Core Delivery team to meet our key deliverables.
 
The MIM team works closely with the GMI Network Service Management (NSM) team in the areas of performance management, regulatory reporting and audit, and with the GMI Network Client Consulting (NCC) team for communicating the market information to the LOBs and their clients.
 
Roles and Responsibilities:

Support the MIM’s in the management of a portfolio of FMI memberships and Agent Bank relationships, managing the external interfaces with the relevant people and functions within the FMIs and Agent Banks up to senior levels both for escalation and strategic discussions, and  also with the local regulators, where required. Dependent on experience potential to manage direct some smaller agent bank and FMI relationships.

Assist with the negotiation of contractual arrangements and fee schedules, where applicable, and manage JPM spend with FMIs and Agent Banks. Assist with the completion of periodic due diligence reviews with the FMIs and Agent Banks, address TPO requirements with the support of the Core Delivery team, Legal, Market Infrastructure Risk, Third Party Risk Management and CIB Resiliency teams

Support Network Service Management (NSM) and Network Client Consulting (NCC) in responding to regulatory and audit requirements and client enquiries including investor documentation requirements, market developments, market infrastructure reviews and market issues

Participate in global projects and/or information sourcing impacting FMIs and Agent Banks whether initiated by GMI or by the LOBs

Assist in the processing of  Request for Information (RFIs) and Request for Proposals (RFPs) to assess and select new Agent Banks or services provided in a specific market or region, and work with the MIM to evaluate and NSM to transition to new Agent Banks

Support the MIMs  to ensure the relevant requirements are met as part of the NBIA or ABIA processes when engaging with new FMIs or Agent Banks, or buying new services from existing ones
Assist in the preparation of the firm’s response to the Recovery and Resolution plan pertaining to agent banks and FMIs

  
Qualifications/Competencies:

Proven securities  experience in the financial services industry. Cash management/FX experience is also beneficial.

Previous experience working with or dealing with FMIs and Agent Banks, and with Third Party Oversight (TPO) is preferred

Network Management or buying experience is preferable but not required.  

Strong skills in the areas of Risk Management, Compliance and Oversight and Control

Strong relationship management, influencing and negotiation skills

Strong communication (verbal and written), analytical and project management skills

Strong excel and database management skills

Self motivator with a strong ability to work across the global GMI team, across the Firm, developing partnerships with the LOBs that we support and the functional areas that we leverage

Attention to detail combined with an ability to absorb a large amount of information and develop a strategic approach  
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.