The Tax product management role forms part of the product management function focusing on the management and control of the Global Custody business with the specific aim, along with the Business leads, Product Control function and the Client teams to run the Global Custody business end to end. This team have responsibility for the definition, ownership and development of Global Custody Tax related matters across the end to end functional disciplines: Markets Coverage, Positions and Settlements, Asset Servicing, Global Custody Tax and Channel Management.
The ideal candidate for this role will have Tax knowledge / experience within a Global Custodian environment. Specifically, the candidate will oversee tax developments, perform global research relative to all countries of investment / investment markets in which clients hold portfolio assets.
Key responsibilities of the role will include:
Monitoring and communication of tax changes and their implications across markets, products, and regions to JPM custody business locations and their respective clients
Maintaining relevant internal / external materials reflecting current state of local law, treaty, including entity level taxation of various types of investor
Accurate and timely updates of JPMorgan's Tax Intelligence websites
Working with local sub-custodians to oversee the tax service in the local markets
Drafting of market flashes and associated policies, tax product materials, etc
Assisting the business in managing and mitigating tax risk
Partnering with JPMorgan Corporate Tax, Legal, Product and Sales / New Business teams to develop new tax products and create business proposals for clients and prospects
Custody Tax Product Team general responsibilities:
Translate tax law / policy / rule changes into business and system requirement
Update client facing data using defined JPMorgan standards
Engage in industry representative efforts related to the introduction of new or amending tax legislation and associated administrative procedures
Maintain Tax product definition and understand what is the product, how is it delivered, who are the clients and how is revenue realized.
Ensure a globally consistent service across the Global Custody Tax product to include: legal & risk framework, service model, reporting and required account structures.
Perform ongoing competitive analysis and benchmarking to influence strategy.
Collaboration with the Operations and Corporate Tax teams to assess the impact of Market & Regulatory developments on the Global Custody Tax product offering and implement appropriate business solutions.
Analyse product impacts, opportunities & threats of external and internal changes from a tax perspective.
BAU support for Global Custody Tax issues and client requests.
Product Leadership and centre of excellence on Global Custody Tax product knowledge and issues - provide direction and guidance to business partners.
Act as the face of the Tax Product with clients, supporting client meetings, RFPs and deal presentations
Governance and quality assurance of Global Custody Tax solutions /operating models developed against a global standard and product book
Definition and implementation oversight for new and/or enhanced product features and functions
Comprehensive knowledge of Taxation services offered by Global Custodians and the impact to clients
Excellent written communication skills - ability to translate complex tax information into easy to understand language
Ability to project manage small to medium sized changes
Ability to work independently and also effectively in a matrix organisation
Experience in managing and influencing key business partners for the delivery of the services
Strong organisational and planning skills
This role encompasses the performance of regulated activity. The successful candidate will therefore be subject to meeting regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the relevant regulatory authorities to carry out such activities.
About J.P. Morgan's Corporate & Investment Bank:
J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com .
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.
Closing date-October 23, 2018
Internal Number: 4854407
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