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Client Data Associate



Data Science
Mumbai, Maharashtra, India
Posted on Thursday, July 11, 2024

Job Description

J.P. Morgan's Direct Custody & Clearing (DCC) in India offers comprehensive custody and clearing services to a diverse range of foreign investors, including Asset Managers, Pension Funds, Insurance Companies, and more. The team handles everything from account opening to fee billing, collaborating with various departments to ensure high-quality service. We also support DR issuances as a Domestic Custodian Bank for Overseas Depository Banks.

J.P. Morgan DCC in India acts as a quasi-regulator in their capacity as a Designated Depository Participant (DDP) to manage India Market registration process.

Job summary:

As a Direct Custody & Clearing Associate within the India Direct Custody team, you will be responsible for managing India Market Entry (SEBI registration process) for Foreign Portfolio Investors (FPIs), Onboarding for all Foreign Institutional clients (including FPIs) & certain Regulatory reporting function for Local Custody Business. Job entails managing team, operations, KYC utility teams, internal and external stakeholders (including Global Custody teams), controls & risk framework and compliance with various rules and regulations. You must be an experienced professional in the local custody space who possesses a strong understanding of FPI registration process, KYC & audit management within a financial institution. You should be a strong team Manager, able to multi-task and work under pressure in a dynamic business environment along with people management skills. This entails managing strong working relationship with internal and external partners (including SEBI, RBI, Local Custodians, Depositories) SEBI. Participate & drive market advocacy to ensure better client experience, manage risk & bring efficiency.

Job responsibilities:

· Managing end-to-end Client Onboarding including FPI registration process.

· Stay current with evolving industry and regulatory changes, client requirements and analyze impact to business, processes, and compliance.

· Ensure the importance of Teamwork & implement it.

· Strive for process efficiencies by Innovation, Robotics and deploying lean principles.

· Guide Internal & External Stakeholder & Market relationship management.

· Perform detail risk and control assessments and ongoing process reviews to identify patterns/trends with risk and control implications.

Required qualifications, capabilities, and skills:

· Minimum 10 years with 5 years of relevant business experience.

Preferred qualifications, capabilities, and skills:

· Knowledge and experience of regulatory & corporate compliance activities and handling Corporate and Investment bank products & people management would be beneficial.

Core Competencies

· Business & Industry Knowledge - The individual is expected to have good knowledge of Indian Capital Market & Banking regulations, especially FPI regulations. This position needs skill set of regulation interpretation & application, analytical ability, documentation management, problem solving and good capital market product knowledge.

· Communication - Strong verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner. Communication should be crisp and precise to avoid interpretations.

· Team Management & Accountability – Seeks ways to increase efficiency and effectiveness of work performed and resources utilized. The individual should take personal responsibility/accountability/ownership for self & team deliverables. The individual to possess strong people & time management skills, ability to get the team work together & independently to ensure key deliverables are met with relevant controls. The individual should up-scale skills for self and team to deliver best in class service. The individual should have the ability to guide the team on exception management, escalations, urgent applications, regulatory deliverables and audits with NIL exception.

· Leadership- Ability to assess priorities, adapt to a changing environment, organize and lead resources, monitor progress and timely deliver a high quality end product . The individual should be enthusiastic, self-motivated, effective under pressure, encourage the team to think out of the box and implement feasible ideas.