Client Depositary Manager – Senior Associate

JPMorgan Chase

Luxembourg

Who this role is best for

Aimed at mid-level to senior professionals in the Luxembourg fund industry who can manage client relationships and navigate regulatory frameworks.

Best fit for

Candidates with 5+ years in Luxembourg fund industry and experience with UCITS and AIFMD regulations
— “5 years + experience in the Luxembourg fund industry, including legal and regulatory requirements”
Those with strong client relationship management and stakeholder collaboration skills
— “Partner with all stakeholders to ensure fiduciary responsibilities are satisfactorily discharged”

Things to consider

The role demands a high level of attention to detail in regulatory compliance and client oversight
— “Perform depositary duties in line with the applicable operating model and regulatory framework”
Candidates must be prepared to attend board meetings and due diligences regularly
— “Manage regular client meetings, presentations and attendance at board meetings and due diligences”

How to stand out

Highlight experience with CSSF regulations and depositary oversight programs in your resume
— “Detailed knowledge of Luxembourg UCITS and AIFMD depositary oversight requirements”
Demonstrate your ability to manage client issues and ensure timely resolution
— “Proactively manage client issues ensuring timely closure of breaches, errors and other significant matters affecting the funds”
Showcase your analytical skills in reviewing market practices and oversight metrics
— “Strong analytical skills to review evolving market practices, assess oversight metrics and results”
Emphasize your experience in building and sustaining client and stakeholder relationships
— “Develop and sustain high quality working relationships with internal and external stakeholders”
Demonstrate your ability to lead and execute depositary initiatives with technical and regulatory acumen
— “Lead and manage depositary client relationships to refine and develop capabilities”

Pace · SteadyCollaboration · HighAutonomy · MediumDecision Impact · Team

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

successful depositary oversight
client satisfaction

Typical background

5+ years experience in Luxembourg fund industry

Skills & requirements

Required

Depositary ServicesClient ManagementRegulatory ComplianceProject ManagementStakeholder Engagement

Preferred

Commercial ExpertiseLegal Processes

Stack & domain

CommunicationNetworkingFinancial ServicesRegulatory Compliance

About the role

Original posting from JPMorgan Chase

Join a diverse and experienced team of depositary client managers responsible for leading, managing, and directing specific depositary services client relationships across oversight and controls.
As a Senior Associate in the Client Depositary Team, you will execute key business objectives, manage client and business risks, develop depositary product capabilities, and cultivate key client and stakeholder relationships. This role requires good technical and regulatory thought leadership and the ability to execute programs of work and manage client relationships for AIFs (Alternative Investment Funds).
This position offers an opportunity for a suitably experienced candidate to work in all areas of the funds industry, including regulatory, legal, compliance, accounting, transfer agency services, custody, collateral management, and risk management.
Job Responsibilities:
Lead and manage depositary client relationships to refine and develop capabilities during a period of significant regulatory evolution and business growth.Partner with all stakeholders to ensure fiduciary responsibilities are satisfactorily dischargedManage regular client meetings, presentations and attendance at board meetings and due diligences, ensuring client relationships are managed to a professional standardPerform depositary duties in line with the applicable operating model and regulatory framework (Recordkeeping and Ownership Verification, Valuation Oversight, etc)Proactively manage client issues ensuring timely closure of breaches, errors and other significant matters affecting the fundsDevelop and sustain high quality working relationships with internal and external stakeholdersPartner with Sales and Business Development teams for new depositary business deals and implement depositary oversight programmesGet involved in Project Management for depositary initiatives
Required qualifications, capabilities, and skills:
5 years + experience in the Luxembourg fund industry, including legal and regulatory requirements Detailed knowledge of Luxembourg UCITS and AIFMD (Alternative Investment Fund Managers Directive) depositary oversight requirements, including relevant CSSF (Commission de Surveillance du Secteur Financier) Circulars and Regulations.Proficient communication/client management skills (English)Professional judgment, strong communication, and networking skills.Strong analytical skills to review evolving market practices, assess oversight metrics and results, and identify trends.High emotional intelligence, with sound networking and influencing skills to enhance the effectiveness of the Depositary team.
Preferred qualifications, capabilities, and skills:
Commercial expertise combined with experience in contractual and related legal processes is seen as an advantage.
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.

Source: JPMorgan Chase careers