Compliance - Operational Risk Management Lead (Wealth ...
JPMorgan Chase - New York City, NY
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As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.Job SummaryThe successful candidate in this position will join a team of risk professionals from a diverse range of backgrounds and experience who collectively ensure that the Firm's Operational Risk Management Framework is implemented and functions effectively within Asset & Wealth Management (AWM). The role is highly visible to senior management and offers the opportunity to work across AWM and JPMorgan Chase & Co. To be successful in this role, you will require knowledge of operational risk and key risk management skills, along with an ability execute on a broad book of work including creation and oversight of operational risk testing requirements.Job Responsibilities Understand the operational risk profile as assessed by the business in Control and Operational Risk Evaluation (CORE), key risk & performance indicators, and other controls to identify negative trends and potential control gaps. Identify operational risks associated with New Business Initiatives (NBI) and other programs within the business and challenge the control environment within these programs Perform deep dive reviews of areas of emerging risk or potential control gaps to identify issues for the business to remediate; document and share analysis with business stakeholders entering issues and action plans firm's system of record Provide an independent, objective view of the business and/or function control environment, mitigation strategies and emerging risk. Review internal and external Operational Risk events for opportunities to implement new preventive and detective controls. Provide independent operational risk oversight in key governance forums within control forums and committees; escalate to regional committees and liaise with regulators as needed Be a trusted advisor for Wealth Management Solutions, control teams, Compliance, Conduct and Operational Risk (CCOR) and Risk colleagues and leverage subject matter knowledge to drive value added dialogue, inform risk based decisions and influence strategic programs decisionsRequired qualifications, capabilities, and skills Minimum University/Bachelor's Degree with at least 6-8 years of industry experience in wealth management / private banking, asset management, institutional capital markets or their control functions such as risk management, compliance, or audit Expertise in financial services products - e.g. Investment (fixed income, equity, alternatives, derivatives), Lending, Trusts and Estates Highly disciplined, ability to make independent decisions and work with limited supervision while exceling in a dynamic, demanding environment. Good communicator (written and oral) with strong analytical, problem solving and project management skills with successful track record of completion Strong analytical skills and proven ability to identify potential process and control issues and develop and present solutions to key stakeholders Strong interpersonal and influencing skills and ability to embrace and drive change Ability to multi-task, prioritize and thrive in a fast-paced and evolving environmentPreferred qualifications, capabilities, and skills Familiarity with Wealth Management (WM) and aspects of WM Solutions (e.g. Trust & Estates, Banking, Capital Markets Solutions and Managed Solutions) will be an advantage. Exposure to multiple risk disciplines (e.g., credit, investment, fiduciary, reputation) will be an advantage. Experience with risk management, control management, compliance and audit in the financial services industry Self-motivated, driven and intellectually curious
Created: 2024-05-04