Project RIO - Collateral Project Manager

J.P. Morgan; New York (NY); On-site; USD 140,000 - 190,000; Full time

Job summary

JPMorganChase is seeking a Global Project Manager to lead the Collateral migration and global middle office outsourcing efforts for JPMAM. You will drive migration strategy, readiness, and program governance across multiple regions and business partners to implement a streamlined global operating model.

You will partner with Sales, Client Services, Compliance, Legal, Operations, Tech, and Finance to deliver the future state.

Qualifications

• 8+ years of relevant project management experience.
• Proved ability and experience in implementing large strategic initiatives with significant technology and operational component.
• Experience in Operations outsourcing in Asset Management or Financial Institution.
• Strong sense of prioritization & ability to execute against deliverables.
• Analytic problem solver with excellent written and verbal communications skills.
• Proven ability to build strong, cohesive partnerships with the business, operations, technology & other key stakeholders and work effectively in a matrix organization.
• Be able to lead, motivate and get the very best out of a high performing team of operations professionals.
• Ability to challenge and influence stakeholders to ensure decisions are well thought out and can be executed from an operations perspective.
• Excellent understanding of the investment process and associated market practices with the ability to think strategically about how to create business led solutions.
• Product knowledge of Investment management product offerings e.g., Mutual Funds, etc.
• Experience in Collateral and Derivative Operations

Responsibilities

• Migration lead for the outsourcing program with accountability define the migration strategy, ensure successful readiness of the system and processes supporting the future strategic operating model, and execute the implementation roadmap
• Business liaison between all functional teams (Sales, Client Services, CAO, Compliance, Legal, Operations, Tech, Finance and other control functions), the service provider, other 3rd Parties vendors, and the internal program team
• Work closely with Collateral workstreams to design, manage, and execute the migration Command Centre and implementation playbook
• Establish and manage governance, leadership and resources around all aspects of running the initiatives (regulatory, risk, financial, people, technology)
• Ensure effective communication and escalation on overall program status, implementation plans, management issues, priorities and risks
• Work with Collateral and Derivative middle Offices to confirm requirement and solutions of migration
• Partner with global & location/region managers to establish consistency and best practices and provide thought leadership
• Work closely with business partners and other operational leaders to ensure the future state system is fully ready to support the J. P. Morgan Asset Management outsourced functions

Skills

Project management

Stakeholder management

Outsourcing

Operations control

Risk management

Communication

Strategic thinking

Job description

Today the current JPMorgan Asset Management (JPMAM) middle office operating model varies by region rather than being client or investment solutions focused. The goal of the global middle office program (Project RIO) is to successfully implement a strategic common global operating model for core elements of JPMAM’s Investment Operations, leveraging Commercial & Investment Banking Core Middle Office Services and thereby reducing JPMAM’s operational and technology complexity, enhancing service to our global and complex clients; achieving economies of scale and reduction in expense ratio as business grows; reducing effort required to add new product capabilities, and to improve timeliness and quality of global data

As a Global Project Manager in Project RIO, you will lead a program to implement a strategic global Collateral operating model for core elements of JPMAM’s Investment Operations, leveraging Commercial & Investment Banking's Core Middle Office Services. You will be responsible for system migration strategy, implementation road mapping, and partnering with a variety of business partners to ensure system readiness and support.

Job Responsibilities:

• Migration lead for the outsourcing program with accountability define the migration strategy, ensure successful readiness of the system and processes supporting the future strategic operating model, and execute the implementation roadmap
• Business liaison between all functional teams (Sales, Client Services, CAO, Compliance, Legal, Operations, Tech, Finance and other control functions), the service provider, other 3rd Parties vendors, and the internal program team
• Work closely with Collateral workstreams to:
  • Design, manage, and execute the migration Command Centre and implementation playbook
  • Establish and manage appropriate governance, leadership and resources around all aspects of running the initiatives (e.g. regulatory, risk, financial, people, technology)
  • Ensure effective communication and escalation on overall program status, implementation plans, management issues, priorities and risks
  • Work with Collateral and Derivative middle Offices to confirm requirement and solutions of migration.
  • Partner closely with global & location/region managers to establish consistency and best practices and provide thought leadership
• Work closely with business partners and other operational leaders to ensure the future state system is fully ready to support the J. P. Morgan Asset Management outsourced functions

Required Qualifications, skills, and capabilities:

• 8+ years of relevant project management experience

• Proved ability and experience in implementing large strategic initiatives with significant technology and operational component.

• Experience in Operations outsourcing in Asset Management or Financial Institution.

• Strong sense of prioritization & ability to execute against deliverables. Able to take personal accountability for projects & issue resolution

• Analytic problem solver with excellent written and verbal communications skills

• Proven ability to build strong, cohesive partnerships with the business, operations, technology & other key stakeholders and work effectively in a matrix organization

• Be able to lead, motivate and get the very best out of a high performing team of operations professionals

• Ability to challenge and influence stakeholders to ensure decisions are well thought out and can be executed from an operations perspective

• Excellent understanding of the investment process and associated market practices with the ability to think strategically about how to create business led solutions

• Product knowledge of Investment management product offerings e.g., Mutual Funds, etc.

• Experience in Collateral and Derivative Operations

Preferred Qualifications, skills, and capabilities:

• Experience in Investment Accounting / Middle Office

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.

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals. Lead Project RIO collateral migration to global middle office services; drive outsourcing, governance, readiness