JP Morgan is still beefing up the senior ranks of its Hong Kong technology team, despite the double whammy of political unrest and a recession triggered by Covid-19.
As we have reported, tech hiring in the Hong Kong finance sector is dominated by contract positions as well as comparatively junior analyst and associate roles, because most global banks are looking to save on permanent headcount costs during the pandemic.
Things are rather different at JP Morgan. Seven of the eight Hong Kong-based tech roles on its careers site are mid to senior-level ones: three vice presidents, three executive directors, and even one rare managing director job.
The MD opening is based in the global technology strategy and partnerships unit. If you land this hugely influential role, you will shape overall business development for technology across APAC, working closely with various JPM teams including technology investment banking, equity sales, and asset and wealth management. You will also be identifying and building partnerships with new tech companies, especially those focused on emerging technologies such as machine learning/AI, cloud, cyber security, data management, collaboration, and blockchain.
Of the ED-level JP Morgan technology jobs, two are within asset and wealth management, including a (Hong Kong-based) China program lead role, which requires managing the “scope, timelines and prioritization of China technology projects”. This position is attractive for those looking to work in an expansionist part of JPM – China growth is a priority for the bank. Last April, JPMorgan Asset Management spent $1bn to secure 100% ownership of China International Fund Management.
Meanwhile, if you want to join a new team, there’s an ED-level tech position (trading risk management developer) in the ‘asset manager platform’ unit within the corporate and investment bank’s securities services group. The recently formed business offers digital solutions for JPM’s institutional clients “across financial products and investment lifecycles”. You will need proficiency in Python or another object-oriented programming language.
Of the VP jobs, the most intriguing is also in the asset manager platform in CIB, and is focused on risk as a service DevOps. In this role you will be helping to build a new “financial technology product that exposes the bank’s proprietary quantitative and technology infrastructure” to clients, and enables them to “generate greater revenue from their investment or trading activities, and effectively manage exposure to various events in financial markets”.
Photo by Dan Gold on Unsplash
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