JOB DETAILS
In depth understanding of Direct Custody Business and Account Opening/KYC is essential
Sound knowledge of India Financial & Securities Market and its operating principals and rules
The job entails managing strong working relationship with external partners, including regulators. Participate and drive market advocacy to ensure better client experience, manage risk & bring efficiency.
Evaluate effectiveness of workflows and processes with the aim of improving efficiencies as well as the timeliness and accuracy of the production process.
Comply with audit and compliance regulations and be the focal point for audit and client visits.
Critical in providing input, development and management of projects in the team on system enhancements, end to end process reviews
Ensure operational risks are identified and managed effectively, ensure systems and processes are in place to minimize and monitor and manage all aspects of operating risk and compliance in the custody operations functions
Develop succession planning for team members and build knowledge depth within team through cross training and coaching. Provide development opportunities to achieve career development needs.
Qualifications:
Master’s Degree Preferred – MBA, CA or equivalent
10 -12 years management experience in an Operations role
Strong people management skills and develop/guide staff in a team orientated environment
Strong Risk and Control Awareness: Ability to effectively prioritize workloads and work to critical deadlines
Excellent customer service skills and able to handle difficult situations internally and externally
Capable of working under pressure and to cope with changing volumes, whilst maintaining accuracy and quality.
Team player with excellent problem solving skills with attention to detail.
Keen learner with drive, enthusiasm and ability to motivate others.
Strong analytical skills and logical thinker
Excellent written and oral English communication skills.
Good knowledge in MS Office Suite applications - MS Word, Excel and Power Point
Salary: Not Disclosed by Recruiter
Industry:Banking / Financial Services / Broking
Functional Area:Accounts , Finance , Tax , Company Secretary , Audit
Role Category:Finance/Audit
Role:Finance Executive
Employment Type: Permanent Job, Full Time
COMPANY DETAILS
About JP Morgan
J.P. Morgan is a leading global financial services firm, established over 200 years ago:
o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
o We have assets of $2.5 trillion and operations worldwide
o We operate in more than 100 markets.
o We have more than 243,000 employees globally.
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations
Overview
DCC provides custody & clearing services to foreign investor clients investing in India. Our clients are based across geographies and cut across business segments. They are leading Asset Managers, Pension Funds, Insurance Companies, Investment Advisors, Trusts, Corporate, Sovereign Bodies, State Agencies and Charitable Institutions etc. J.P. Morgan DCC in India also supports DR issuances as a Domestic Custodian Bank for Overseas Depository Banks.
The India Direct Custody team is responsible for end to end custodian services which range from, account opening, reference data, settlement activities corporate actions FX, reconciliation, client service & fee billing. Extensive collaboration with Product, Technology, Legal, Compliance, Risk, Finance, Tax and Customer Service is essential with in-country and regional functional partners to ensure operational capabilities meet high service quality standards.
This position reports to the Head Operations & Client Service - Direct Custody & Clearing (DCC), India and is responsible for leading and managing the Client Onboarding & Registration team. The candidate will be responsible for flawless service delivery, Participating & driving market advocacy, maintaining highest levels of client experience, clean audits and inspections, ensuring business is operating in full compliance with local market standards and the Firm wide requirements. Delivery on cost saves and productivity targets are key components of the goals.