Compliance Risk Management Lead - Vice President

JPMorgan Chase

  • New York City, NY
  • Permanent
  • Full-time
  • 20 days ago
Job Category: CCOR LOB/CF/Country CoverageJob Description:Bring your expertise to JPMorgan Chase. 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.As a Compliance Risk Management Lead within the Compliance, Conduct and Operational Risk (CCOR) organization, you will be joining a team of professionals from a diverse range of backgrounds and experience as part of the Second Line of Defense (2LOD) who collectively ensure the firm's compliance framework is implemented and functions effectively. The firm's Compliance teams work globally across all lines of business to advise internal stakeholders on the impact of regulatory requirements and how to balance these with the firm's needs. Their diverse mandate means they also provide input on new business strategies, products, policies, procedures, training, operational processes, risk mitigation and control. The role will focus on providing Compliance support for the firm's J.P. Morgan Wealth Management (JPMWM) organization, specifically the J.P. Morgan Self-Directed Investing online brokerage platform and associated product areas. The role is highly visible to senior management and offers the opportunity to work with key stakeholders including the business, Legal, Risk, Control Management, Technology, Internal Audit, Finance & Business Management and other control functions across the firm's JPMWM organization and other areas in JPMorgan Chase. To be successful in this role, you will require knowledge of compliance within the financial industry, key compliance skills, familiarity with regulatory best practices along with an ability execute on a broad book of work including creation and oversight of compliance testing requirements.Job Responsibilities
  • Advise the JPMWM business on compliance aspects of new and existing products and services including but not limited to the firm's online investing platform, digital account opening, investment funding, margin and lending.
  • Identify compliance and conduct risks inherent within JPMWM
  • Act as independent second line of defense and challenge function to JPMWM, raising issues for the business to remediate through action plans and partnering with the business process owners in control design, control evaluation, and issue management of compliance and conduct risks.
  • Collaborate with Legal, regulatory engagement, the business and other control functions to gather information and review responses to regulatory examinations, audits, investigations, inquiries, and other information requests.
  • Work proactively with the business and control functions to maintain, enhance and develop an effective control environment and supervisory program.
  • Manage projects independently necessary to support initiatives both within the CCOR and across the firm globally.
  • Draft and maintain Compliance policies, procedures and bulletins reasonably designed to support compliance with applicable regulatory obligations, corporate requirements and industry best practices.
  • Assist the team in identifying and escalating issues through formal escalation channels and facilitating timely and effective resolutions.
  • Interact regularly with colleagues in other lines of business and other regions on regulatory matters, cross border questions, compliance risk assessments, project management and formulating consistent approaches on corporate regulatory policies.
  • Represent Compliance in governance forums and field compliance related questions from the JPMWM business on new initiatives and day-to-day activities.
  • Keep abreast of industry trends and standards and anticipating areas of focus and attention of regulators.
Required qualifications, capabilities, and skills
  • Minimum University/Bachelor's Degree with at least 6+ years of financial industry experience as a regulator in a law firm or control function such as Compliance, risk management, an in-house attorney or audit in a large financial institution offering wealth management, private banking, asset management and institutional capital markets
  • Expertise in financial investment products and services offered by a broker-dealer and investment adviser (e.g. investments such as fixed income, equity, listed options, margin trading, etc) and related SEC, FINRA, MSRB and other SRO rules and regulations
  • Highly disciplined, ability to make independent decisions and work with limited supervision while exceling in a dynamic, demanding environment as a core team member.
  • Good communicator (written and oral) with strong analytical, problem solving and project management skills with successful track record of completion
  • Strong attention to detail 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 environment
Preferred qualifications, capabilities, and skills
  • Familiarity with Wealth Management (WM) and aspects of online brokerage platforms, digital innovation and tools and technology 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, capital markets structure, compliance and audit in the financial services industry
  • Self-motivated, driven and intellectually curious
About Us:JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.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 for more information about requesting an accommodation.JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/VeteransAbout the Team:Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.Our Compliance teams work globally across all lines of business to advise internal stakeholders on the impact of regulatory requirements and how to balance these with the firm's needs. Their diverse mandate means they also provide input on new business strategies, product lines, policies, training, operational processes, risk mitigation and control.

JPMorgan Chase