Direct Custody & Clearance - Product Vice President

Job Description
You will work in partnership with clients, regulators and senior management to ensure the Direct Custody product offering is aligned with client needs and market parameters; and implement policies and practices that support the delivery of the business objectives. This requires your collaboration with various other lines of businesses that will also help you broaden your knowledge about other related products.
As a Vice President you will provide support and act as one of the deputies to the Product & Business Head of Direct Custody in developing the local product, service standards, client and regulatory interaction, market information and advocacy functions. You will be expected to be a key contributor in the continuous build of the product; hence your knowledge of the market, regulations, client expectations (local and foreign) is critical. Together, you will be charged with the responsibility for the overall Direct Custody service, specifically as it relates to transaction processing and asset servicing of securities held in the market.
Job Responsibilities

• Support the development and execution of the product strategy in Saudi Arabia
• Support relationship teams as a subject matter expert of the local market
• Management and understanding of all documentation related to the product
• Ensure clients are satisfied with the product offering by completing annual reviews
• Partner with internal stakeholders to ensure product delivery and governance
• Plan, develop and deliver solutions having tangible benefits to clients and the market

Required qualifications, capabilities, and skills

• Minimum undergraduate degree
• Saudi Capital Market CME-1 Qualified
• Proficient in the English and Arabic language
• Experience in Securities and Custody Services for domestic and international clients
• Experience in responding to RFPs and Due Diligence Questionnaires
• Sound understanding of the local regulatory landscape and future development along with strong presentation skills
• Ability to deal with people and teams at all levels and to manage key initiatives

Preferred qualifications, capabilities, and skills

• Preferred experience in managing high-profile projects
• Preferred experience in banking products e.g. FX and Custody Cash Managements
• Experience in other securities markets would be an added advantage

About Us
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.
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
J.P. Morgan delivers investor solutions that help clients protect their portfolios, optimize their efficiency and maximize opportunities in diverse global markets. Teams support clients across a global custody network spanning 100 markets, with custody and asset servicing, fund accounting and administration, alternative investment services, integrated analytics, agency lending, collateral management and depositary receipt solutions. Clients include asset and fund managers, asset owners, banks and broker-dealers, hedge funds and alternative investors, and insurance companies.