India Direct Custody Operations - Associate

Testing Site - JPMC; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

J.P. Morgan in India seeks an Associate for Direct Custody and Clearing to manage the India market entry and onboarding for foreign investors, ensuring regulatory compliance and strong client service.

You will lead end-to-end onboarding for FPIs, coordinate with internal teams and regulators, drive process improvements, and uphold risk controls while delivering best-in-class custody operations. This role offers exposure to a global bank, opportunities for professional growth, and a collaborative

Qualifications

• Bachelor’s degree required.
• 5+ years in financial services with custody/DDP experience.
• Knowledge of Indian capital markets and FPI regulations.
• Strong stakeholder management and communication skills.
• Ability to manage multiple priorities under pressure.
• Strong leadership and team management skills.

Responsibilities

• Manage end-to-end client onboarding, including Foreign Portfolio Investors (FPIs) registration.
• Manage day-to-day tasks related to the Designated Depository Participant function.
• Stay current with evolving industry and regulatory changes, client requirements and analyze impact to business, processes, and compliance.
• Drive process efficiencies by innovation and robotics.
• Build and manage effective work relationships with internal stakeholders, like Know Your Customer (KYC) Utility Team, Business, Compliance, Legal teams, and external stakeholders, including regulators and auditors.
• Perform detail risk and control assessments and ongoing process reviews to identify patterns/trends with risk and control implications.
• Ensure compliance with Indian capital market and banking regulations.
• Collaborate with internal teams and external partners to deliver best-in-class service.
• Participate in market advocacy to enhance client experience and manage risk.

Skills

Custody operations exp

FPI regulations

Stakeholder management

Communication skills

Education

Bachelor’s Degree

Job description

India Direct Custody Operations - Associate

Job Information

• Job Identification 210732779
• Job Category Client Data
• Business Unit Commercial & Investment Bank
• Posting Date 04/06/2026, 01:18 PM
• Locations LEVEL 3 and 4 J.P. MORGAN TOWER, OFF CST ROAD KALINA SANTACRUZ EAST, IN-MH, IN-MH, 400098, IN
• Job Schedule Full time
• Job Shift Day

About Us

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

Job Description

Are you ready to make a significant impact in custody operations? Join J.P. Morgan's Direct Custody and Clearing team as an Associate, where you'll play a crucial role in managing the DDP client onboarding and regulatory processes for foreign investors in India. This is your opportunity to work with a dynamic team, enhance your skills, and drive operational excellence. Be part of a team that values innovation, client satisfaction, and professional growth.

As a Direct Custody and Clearing Associate within the Custody Operations team, you will manage the India market entry and onboarding process for foreign portfolio investors, ensuring compliance with regulatory requirements. You will collaborate with internal and external stakeholders, drive process efficiencies, and manage risk and control assessments. This role offers you the chance to build strong relationships, stay current with industry changes, and contribute to the success of our custody operations.

Job responsibilities

• Manage end-to-end client onboarding, including Foreign Portfolio Investors (FPIs) registration
• Manage day to day tasks related to the Designated Depository Participant function
• Stay current with evolving industry and regulatory changes, client requirements and analyze impact to business, processes, and compliance
• Drive process efficiencies by innovation and robotics
• Build and manage effective work relationships with internal stakeholders,like Know Your Customer (KYC) Utility Team, Business, Compliance, Legal teams, and external stakeholders, including but not limited to regulators and auditors
• Perform detail risk and control assessments and ongoing process reviews to identify patterns/trends with risk and control implications
• Ensure compliance with Indian capital market and banking regulations
• Collaborate with internal teams and external partners to deliver best-in-class service
• Participate in market advocacy to enhance client experience and manage risk

Required qualifications, capabilities, and skills

• Bachelor’s Degree
• At least 5 years of work experience in the financial services industry with at least 5 years of experience in Custody Operations or Designated Depository Participant (DDP) related role
• Knowledge of Indian capital market and FPI regulations
• Strong stakeholder and relationship management skills
• Excellent communication skills, both verbal and written
• Ability to manage multiple priorities and work under pressure
• Strong leadership and team management skills

Preferred qualifications, capabilities, and skills

• Experience in regulatory and corporate compliance activities
• Knowledge of corporate and investment bank products

About the Team

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.