About this role
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.
Job Summary
Trading Services comprises four businesses: Agency Securities Finance, Triparty Collateral Services, Margin Services and Depositary Receipts. The role will focus primarily on Agency Securities Finance while supporting relevant work across the other Trading Services businesses.
You will use your tax technical knowledge and experience to work with tax colleagues and business stakeholders to translate tax law and technical advice into practical business requirements, processes and controls.
You will take ownership of agreed workstreams, including reviewing existing tax processes and procedures, assessing whether tax requirements and tax advice have been robustly implemented, and supporting the review of tax advice for new jurisdictions.
The role also includes supporting new products and markets, responding to client and business questions, and providing Tax Product input into documentation and technology developments. You will present to clients on relevant matters, including J.P. Morgan’s tax policies, governance framework and controls.
The role offers significant exposure to global products, markets and clients. The role would suit an experienced financial services tax professional, including someone who has operated at a senior level within a professional services firm and is seeking to apply their technical expertise within a global product environment.
You will report to the Global Head of Trading Services Tax Product.
Job Responsibilities
- Own agreed Trading Services Tax Product workstreams.
- Review existing tax processes and procedures, including business-as-usual, non-standard and less frequently performed activities, and identify where clarification or improvement is required.
- Assess whether tax requirements and tax advice have been robustly implemented through relevant processes, procedures and controls.
- Work with tax colleagues to review the tax position for new jurisdictions and markets, translating technical conclusions into practical business requirements.
- Support the development and maintenance of a clear inventory of relevant tax rules and restrictions.
- Provide Tax Product guidance to Product, Trading, Operations, Sales, Onboarding and Client Relationship Management.
- Present to clients on relevant tax matters and draft or review client communications and tax updates.
- Provide Tax Product input into contractual and product documentation, including drafting and reviewing relevant tax wording and representations and helping to manage differences between contractual requirements, tax positions and operational processes.
- Support updates to product summaries following new or revised tax advice.
- Provide Tax Product input into New Product Approvals, new markets and changes to existing products and services.
- Support the Global Head in maintaining relevant policies, procedures, governance materials and records.
- Support relevant Tax Product work across Triparty, Margin Services and Depositary Receipts and provide senior continuity across the team.
- Monitor relevant tax, regulatory and market developments and represent Tax Product at internal meetings and, where appropriate, external industry forums.
Required Qualifications, Capabilities and Skills
- A relevant tax, accounting or legal qualification, such as CTA, ACA, CA, ATT, LLM or an equivalent international qualification.
- Significant relevant experience gained in financial services or professional services.
- Strong tax technical knowledge and experience researching and interpreting tax law across jurisdictions.
- Knowledge of securities taxation, withholding tax, tax relief or related financial services tax matters.
- Ability to translate technical tax advice into practical business requirements, procedures and controls.
- Experience reviewing processes and identifying tax and control considerations.
- Strong written and verbal communication skills, with the ability to explain complex tax matters clearly to clients and non-specialists.
- Strong analytical skills, attention to detail and practical problem-solving ability.
- Ability to manage multiple priorities, operate independently and work effectively with senior stakeholders across functions and locations.
Preferred Qualifications, Capabilities and Skills
- Experience within securities lending, custody, collateral management, capital markets or Securities Services.
- Experience operating at a senior level within a tax or other professional services firm, or in an equivalent in-house role, with responsibility for complex tax matters and senior stakeholder engagement.
- Client-facing and presentation experience.
- Experience working across multiple jurisdictions and functions.