Custody Asset Servicing Specialist - Associate

Location: LONDON, United Kingdom

Job Family: Asset Servicing

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client focus. As a Custody Asset Servicing Specialist - Associate in our Corporate Investment Banking Asset Services team, you will play a pivotal role in delivering high-quality custody solutions to institutional clients worldwide. Based in our London office, this position offers the opportunity to work on complex asset servicing operations, supporting the safekeeping, settlement, and reporting of securities in a dynamic international environment. You will contribute to advancing our Asset Services capabilities, leveraging JP Morgan's cutting-edge technology and global network to ensure seamless operations for hedge funds, asset managers, and pension funds. Your day-to-day responsibilities will involve processing custody transactions, reconciling positions, and resolving discrepancies to maintain the integrity of client portfolios. You will collaborate closely with trading, compliance, and technology teams to handle corporate actions, income collections, and regulatory filings, all while adhering to stringent standards like those set by the FCA and ESMA. This role demands a keen eye for detail and a proactive approach to problem-solving, as you navigate the intricacies of multi-asset class custody in fast-moving markets. At JP Morgan, you will have access to robust training and mentorship to deepen your expertise in financial services. Joining JP Morgan Chase means becoming part of a collaborative culture that values diversity, innovation, and professional growth. We offer unparalleled opportunities to elevate your career in Asset Servicing, with exposure to high-profile projects and global stakeholders. If you are passionate about the financial industry and ready to make an impact in custody operations, this Associate-level role in London is an ideal stepping stone to senior positions within our esteemed organization.

Key Responsibilities

• Process and reconcile custody transactions for client portfolios, ensuring accuracy and timeliness in asset servicing operations
• Monitor and resolve exceptions in trade settlements, corporate actions, and income processing within JP Morgan's Corporate Investment Banking framework
• Collaborate with internal teams and external custodians to manage asset movements and ensure compliance with global regulations
• Provide client support by responding to inquiries on custody services, portfolio valuations, and reporting requirements
• Conduct daily reconciliations of cash and securities positions using proprietary JP Morgan systems
• Assist in the implementation of new client mandates and onboarding processes for asset servicing
• Analyze and report on operational risks, contributing to continuous improvement initiatives in Asset Services
• Support audit and regulatory reporting, maintaining high standards of data integrity and confidentiality
• Liaise with technology teams to enhance automation in custody workflows and reduce manual interventions

Required Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field
• Minimum of 2-3 years of experience in custody services, asset servicing, or financial operations within the banking sector
• Strong understanding of securities custody, fund accounting, and regulatory requirements such as MiFID II and EMIR
• Proficiency in financial markets, including equities, fixed income, and derivatives
• Excellent command of English, both written and verbal
• Ability to work in a fast-paced, high-volume environment with attention to detail
• Relevant certifications such as CFA Level 1 or equivalent in custody operations

Preferred Qualifications

• Experience working at a global investment bank like JP Morgan Chase
• Knowledge of JP Morgan's internal systems such as JPMorgan Investor Services platforms
• Familiarity with cross-border custody and reconciliation processes
• Advanced degree or MBA in Finance
• Prior exposure to ESG (Environmental, Social, and Governance) considerations in asset servicing

Required Skills

• Proficiency in Microsoft Excel and financial software like Bloomberg or Reuters
• Knowledge of custody reconciliation tools and SWIFT messaging
• Strong analytical and problem-solving abilities
• Excellent attention to detail and accuracy in data handling
• Effective communication and interpersonal skills for client interactions
• Time management and prioritization in a deadline-driven environment
• Understanding of financial instruments and market dynamics
• Regulatory compliance awareness in the EU financial services landscape
• Team collaboration and cross-functional coordination
• Adaptability to evolving industry standards and technologies
• Risk assessment and mitigation techniques
• Data analysis and reporting proficiency
• Customer service orientation with a focus on client satisfaction
• Technical aptitude for learning proprietary banking systems

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health and wellness benefits, including medical, dental, and vision coverage
• Generous retirement savings plan with company matching contributions
• Paid time off, including vacation, sick leave, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and financial planning services
• Flexible work arrangements and access to global mobility programs
• Wellness initiatives, including gym memberships and mental health support

JP Morgan Chase is an equal opportunity employer.