Securities Services - Agent Securities Finance Tax Product Manager - Executive Director

JPMorgan Chase & Co.; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial services firm in Greater London is seeking a Tax Product Manager for their ASF team. In this role, you will manage tax compliance and risk for the Agent Securities Finance service. Responsibilities include designing operating models for tax processes, collaborating with stakeholders to implement solutions, and representing the firm in industry groups. Ideal candidates will have strong tax technical knowledge and client-facing skills, with a background in financial services.

Qualifications

• Experience analyzing tax laws in securities lending and custody.
• Strong presentation skills and client-facing experience.
• Ability to manage multiple priorities and stakeholders.

Responsibilities

• Design and implement operating model for ASF business.
• Governance across business including metrics and regulatory changes.
• Assess impact of tax regulatory changes and implement adjustments.
• Provide inputs for legal documentation for lenders and borrowers.
• Ensure compliance with local market tax reporting obligations.
• Partner with Sales for accurate capture of client tax rates.
• Represent ASF in industry groups.

Skills

Tax technical knowledge

Analytical ability

Excellent written and verbal communication

Strong focus on risk and controls

Experience in professional or financial services

Education

Tax or Accounting qualification (e.g., ACA, LLM, CTA)

Job description

Job Summary

The ASF (Agent Securities Finance) Tax Product Management role forms part of the tax product function, focusing on the management and control of tax rates and related matters including compliance with tax legislation across the global Agent Securities Finance business. You will report directly to the Global Head of Securities Services Tax Product and indirectly to the Global Head of Product Management for ASF.

As the ASF Tax Product Manager, you will be responsible for the end-to-end management of tax requirements for the ASF service offering. You will leverage your tax technical knowledge and experience by working with Custody Tax Product colleagues and Corporate Tax to translate tax law into business requirements and by setting, maintaining, and owning manufactured income rates and owning and/or overseeing tax processes for the ASF business globally. You will provide subject matter expertise and guidance to business partners (including Trading Desk, Client Relationship Managers, Sales) in relation to the ASF product tax requirements, including product assessment of tax risk for new products, and engage in global industry group initiatives related to new or revised tax legislation and associated administrative procedures.

As a self-starter with a passion for identifying and implementing solutions to problems, you will partner with stakeholders to assess the impact of tax regulatory developments on the ASF service offering, to design appropriate business solutions, and to provide implementation oversight for new and/or enhanced product features and functions. You will act as the face of ASF Tax Product with clients by supporting client meetings and requests for proposals and sales presentations. In this role, you will also be responsible for the governance and quality assurance of ASF tax solutions and operating models, as well as assessing opportunities and threats of external and internal changes from a tax perspective.

Job responsibilities

• Design and implement an operating model to support tax processes for the ASF business
• Implement governance across the end to end business including oversight of key metrics, KPIs and Risk Indicators, market and regulatory change, business expansion and new client onboarding
• Assess the impact of tax regulatory changes to ASF services and oversee and resultant changes to the operating model
• Provide business inputs to lender and borrower legal documentation
• Oversee maintenance of treaty boards and manufactured income rates and other applicable tax rates pertaining across all clients and lending markets
• Ensure local market tax information reporting obligations are met and kept in line with market requirements
• Partner with Sales and onboarding teams to ensure accurate capture of Client Tax rates and Supporting new ASF client/borrower on boarding
• Review and sign off of relevant market newsflashes and associated policiesLead the implementation of new product proposals and ensure robust change management procedures are followed
• Represent the ASF business in industry groups (e.g. ISLA) and initiatives

Required qualifications, capabilities, and skills

• Tax technical knowledge and experience of analysing tax laws across various jurisdictions with a focus on securities lending and custody
• Knowledge of securities taxation principles and tax considerations impacting ASF clients and borrowers
• Excellent written and verbal communication skills with the ability to provide tax regulatory and product updates for internal stakeholders and external clients
• Strong analytical ability with attention to detail
• Strong focus on risk and controls including ability to restructure processes and procedures as required
• Capable of managing multiple competing priorities and stakeholders
• Experience working in a professional services firm or financial services firm

Preferred qualifications, capabilities, and skills

• Strong presentation skills and previous client facing experience
• Ability to collaborate with cross-functional teams in multiple locations
• Tax or Accounting qualification, for example ACA, LLM or CTA

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.