EMEA Clearing Business Manager

Job Description

Finance & Business Management (F&BM) is seeking a business manager at VP level based in London to support the EMEA Clearing business, which consists of Futures & Options, OTC Clearing and OTC Intermediation. The Global Clearing Business is part of Global Equities within JP Morgan Corporate & Investment Bank.

The role reports to the Global Clearing business manager and will be part of a Global team of 8 (3 in London) providing support to the Global Clearing business.

The EMEA Clearing business head, Nick Forgan, is based in London and reports to the Nick Rustad, the Global Clearing Business head, also based in London.

The Global Clearing business continues to undergo significant change, driven by political events, internal organizational change, continued regulatory oversight, Technology and Operations developments. Combined with the mandatory changes being driven by new regulations, Global Clearing is a fast paced and interesting area to work in.

Key aspects of the role:

The EMEA Clearing business faces the additional challenge of the current European regulatory environment and delivering the post-Brexit framework. The business has been impacted by how it faces EEA clients when the UK loses passporting rights and in addition, has taken new memberships of EEA financial market infrastructure. The EMEA business has therefore now expanded to conduct business out of two main Legal entities i.e. J.P. Morgan Securities Ltd. and JP Morgan AG.

Additionally, there also significant increased regulatory focus on clearinghouses (e.g. through national competent authority supervision, recovery and resolution, JPM’s risk management framework etc). J.P. Morgan needs to respond and increase resources available in this area.

The incumbent will be part of the broader Global team of business managers supporting the business, which has four main areas of focus on behalf of the business heads. They will drive the specific objectives below in support of the EMEA Clearing business:
1. Driving business strategy and growth
- Provide analytics to support business decisions
- Assist the business in communicating the business strategy, performance and priorities (e.g. preparing materials for regulators, business updates, one off reviews, offsites)
2. Managing business risks and promoting a control environment
- Identify, assess and mitigate business risks that could impair the ability to do business
- Drive new business initiative assessments (e.g. new memberships driven by Brexit)
- Business continuity and resiliency planning
- Control agenda, in partnership with BCO
3. Optimising business performance and planning
- Optimize business performance by providing measurement and helping to drive key initiatives
- Manage inputs into performance reviews and business planning
4. The points above come together in establishing business priorities and then ensuring delivery.

In addition, the business manager is expected to embrace the wider Finance & Business Management agenda and promote J.P. Morgan values and culture

Required Competencies:

Excellent communication
- Establishes rapport with business heads
- Builds a large network from end to end within a business, and across the wider organisation
- Good at influencing and persuasion
- Communicates in a very clear and concise manner to all
- Assimilates broad-ranging information quickly and is able to distil it into the key points
Strong delivery focus
- Takes responsibility for issues and following through to resolution
- Self-starter who is proactive in taking the initiative and improving the business
- Able to solve problems alone and leverage network to identify solutions and implement it
- Pays close attention to detail
- Deals with issues quickly to avoid becoming a bottleneck
Persistent commercial acumen
- Understands and grows the strategic business vision
- Exercise good judgment in assessing and managing business risks
- Prioritises according to business objectives
Resilient and hard working
- High capacity for work under tight deadlines
- Can manage multiple parallel requests for attention / action
- Thrives on challenges in an unstructured working environment
- Leverages the organisation to deliver good results quickly
Analytical
- Can interpret large data sets and identify trends

- Advanced excel & powerpoint skills

- Can synthesise large volumes of data into key messages for senior management

Product & technical Knowledge (beneficial, not essential)

- Reasonable knowledge of how to navigate financial terminology and culture

- Derivatives Clearing

- Awareness of European regulatory regime: MiFID, EMIR, FCA conduct rules

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 and a member of the UK Government’s Disability Confident Scheme.