What are the responsibilities and job description for the Markets Risk Assessment Control Manager - Vice President position at JPMorganChase?
Job Description
The Markets Compliance Risk Assessment (CRA) team supports the annual assessment process that enables the business to identify, measure, and manage compliance risk. The team covers the Commercial & Investment Bank’s Markets Sales, Trading, Digital, and Research businesses across all regions and is part of the Markets Business Controls Management department in the 1st Line of Defense (1LoD).
Join our Markets Compliance Risk Assessment team as a Vice President, where you'll manage CRA activities and support the business in identifying and managing compliance risk. Collaborate with global teams to ensure compliance with regulatory requirements and drive improvements in risk management processes. Be part of a dynamic team that supports the Markets businesses across all regions.
As a Vice President in the Markets CRA team, you will oversee the day-to-day operation of CRA activities, manage a team across multiple jurisdictions, and ensure compliance with firm-wide CRA program requirements. Collaborate with key partners to address complex risk and control issues and maintain an evergreen risk and control mapping data.
Job Responsibilities
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 FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
The Markets Compliance Risk Assessment (CRA) team supports the annual assessment process that enables the business to identify, measure, and manage compliance risk. The team covers the Commercial & Investment Bank’s Markets Sales, Trading, Digital, and Research businesses across all regions and is part of the Markets Business Controls Management department in the 1st Line of Defense (1LoD).
Join our Markets Compliance Risk Assessment team as a Vice President, where you'll manage CRA activities and support the business in identifying and managing compliance risk. Collaborate with global teams to ensure compliance with regulatory requirements and drive improvements in risk management processes. Be part of a dynamic team that supports the Markets businesses across all regions.
As a Vice President in the Markets CRA team, you will oversee the day-to-day operation of CRA activities, manage a team across multiple jurisdictions, and ensure compliance with firm-wide CRA program requirements. Collaborate with key partners to address complex risk and control issues and maintain an evergreen risk and control mapping data.
Job Responsibilities
- Manage the work of team members across multiple jurisdictions and act as the primary escalation point.
- Set targets for the team and be accountable for their delivery.
- Review and sign-off on the team’s output, ensuring data quality and addressing challenges.
- Develop a high-performing team through coaching, training, and performance goal setting.
- Lead the team in decision-making and challenging risk, control, and issue applicability.
- Develop plans to manage increased volume and short-dated targets.
- Collaborate with OLO, LRCM team members, and CIB Control Officers on complex issues.
- Oversee processes to ensure risk and control mapping data remains current.
- Represent Markets in governance meetings and CRA review sessions.
- Report on the function’s output to business executives through governance forums.
- Maintain SOPs for all team activities.
- Vice President or equivalent position.
- Strong working knowledge of Markets products and services, control frameworks, and legal and operational risks.
- Significant experience in Business Controls, Business Management, Operational Risk, Compliance, Audit, or similar function.
- Experience managing and developing sustainable teams and process-oriented activities.
- Proven influencing skills and ability to make independent decisions with sound judgment.
- Strong project management skills and ability to instill structure, process, and accountability.
- Comfortable partnering closely with related functions at all levels.
- Detail-oriented with a disciplined approach to process while understanding the bigger picture.
- Strong listening, negotiation, and written and verbal communication skills.
- Experience covering Markets Sales/Trading business(es).
- Knowledge of regulatory and control frameworks, including key regulators and regulations impacting Markets businesses.
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 FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
