What are the responsibilities and job description for the Asset Wealth Management- Trading Controls- Executive Director position at JPMorgan Chase?
As the first line of defense for JPMorgan Chase & Co. (JPMC), Control Management protects and defends the firm against operational, regulatory, and reputational risk. While effectively managing risk, we meet our commitments to keep our clients’ money safe and act as a driving force behind the strategic priorities that will protect our business in an ever-changing landscape.
As an Executive Director within the Asset and Wealth Management (AWM) Controls department at JPMorgan Chase & Co., you will be a key leader promoting the establishment of a global robust control environment. You will ensure compliance with regulatory standards and enhance governance frameworks across trading venues. Your role will involve managing risk, protecting our clients' money, and acting as a promoting force behind strategic priorities to safeguard our business in an ever-changing landscape.
Job responsibilities:
- Establish a dedicated trade venue governance framework to oversee venue engagement with precision and accountability.
- Lead efforts to complete current regulatory engagements and prepare for future reviews, ensuring seamless compliance and operational excellence.
- Develop a comprehensive and integrated view of risks and controls across core trading operations, ensuring robust documentation, consistency, and accuracy in business controls, supervisory management, and surveillance.
- Develop and maintain dynamic process workflows to support trading operations and curate a comprehensive front-to-back view of trading, risks, and associated controls.
- Manage common processes and controls related to trading on venues, including inventory management, trading venue engagement attributes, change management, and overall trading venue governance.
- Identify and monitor meaningful metrics to inform on the health of the operational risk and control environment & manage projects and initiatives on trading risk & controls (e.g. lessons learned, trainings, etc.)
- Present regular updates to senior Control Management Committees, and other stakeholders related to the ongoing risk, control, and issue/action plan portfolio
- Maintain strong engagement across multiple stakeholders and collaborate with local, regional & global stakeholders and stay abreast on risk and control agendas
- Provide mentorship and development opportunities for junior team members, enhancing their risk management skills and domain knowledge.
Required qualifications, capabilities and skills:
- Bachelor’s degree or equivalent in Business Administration, Finance, Economics, Accounting or related field
- Extensive relevant experience in the financial services industry process improvement, or risk management 10 or more
- Proactive control and risk management mindset; ability to articulate control gaps and escalating issues to senior management
- Ability to successfully influence many different groups and individuals to deliver high quality and timely deliverables
- Consultative in approach, understanding and anticipating business partner needs and proactively delivering solutions
- Critical thinker, proactively seeks out best practices and constant improvement
- Strong, written and oral, communication and organizational skills
Preferred qualifications, capabilities and skills:
- Experience with Banking/private banking, wealth management, and asset management processes, regulations, and associated risks with a focus on trading risks, market and sales practices risks
- Experience with or as a regulator, internal or external audit, and/or compliance is a plus
- Familiarity with Internal Controls, including the COSO Internal Control – Integrated Framework and, more generally, the three lines of defense model of internal controls
- Experience with Issues management governance and execution at a large financial institution
- Experience internationally outside the United States is a plus
