Securities Services – Depositary Services – Depositary Manager - Associate (all genders)

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

Job Summary:

The Depositary Manager is responsible for overseeing the funds' domicile control and oversight program, managing client interactions, and ensuring the completeness of the operating model. This role requires a strategic leader with extensive experience in board and regulatory interactions, and the ability to lead the relationship with regulators in the domicile.

The role performs a broad range of client engagement, onboarding of new funds, offboarding and fund control and oversight tasks including escalation management.

Job Responsibilities:

• Oversee the oversight program for funds in the domicile, ensuring compliance with local depositary regulatory regimes.
• Ensure an appropriate and robust control and oversight framework for the funds.
• Carry out all assigned tasks and duties in line with the relevant Standard Operating Procedure (SOP) and J.P. Morgan’s internal policies 
• Manage client responsibilities and interactions, ensuring the completeness and effectiveness of the operating model in place.
• Collaborate with the Country Depositary Manager (DM) to maintain and enhance the relationship with regulators in the domicile.
• Maintain close relationships with internal and external stakeholders and clients.
• Proactively escalate issues, delays, and key risks to the Head of Depositary Services Germany.
• Provide regular data inputs for reporting and statistical metrics.
• Outsourcing Governance and Oversight as well as Delegate Management
• Participate in regular Governance meetings and other Forums.
• Drive process improvements, and provide support for process and technology initiatives; leverage internal AI tools to improve efficiency and quality in BAU delivery

Required Qualifications, Capabilities, and Skills:

• Experience in Depositary Services or a related financial sector.
• Strong attention to detail and ability to work in a regulatory environment.
• Good analytical skills and the ability to support compliance efforts.
• Effective communication and teamwork skills.
• Eagerness to learn and develop within the depositary field.
• Strong analytical and problem-solving abilities.
• Ability to interpret and apply financial regulations.
• Strong attention to detail; high standards for quality (accuracy) and service (responsiveness)
• Excellent prioritisation, planning, organisational, and time and project management skills
• Ability to interpret and apply financial regulations
• Excellent interpersonal skills (verbal and written); confident communicator with internal and external stakeholders and clients
• Very experienced (advanced) with Microsoft Office (Excel/Word/PowerPoint)
• Excel: Financial Modeling, Pivot Tables, KPI Ratio Analysis
• AI Prompting
• Data Blending, ETL Processes, Workflow Automation (basis knowledge)
• Fluency in German is essential