Job Description
As the first line of defense for JPMorgan Chase & Co. (JPMC), Wholesale Lending Services EMEA Controls prevents, detects, and monitors operational, regulatory, and reputational risks. In support of operational excellence, we play a key role in meeting our client commitments and act as a driving force behind the strategic priorities that will future proof our business in an ever-changing global landscape.
As a Control Manager Associate within Wholesale Lending Services Team, you will spend every day maintaining a strong and consistent control environment across Digital & Platform Services Wholesale Lending Services (WLS) and Client & Deal Support, specifically for Structured products. You are responsible for providing support for the end-to-end execution of Compliance & Operational Risk Evaluation (CORE) requirements, including control breaks and resolutions, to reduce financial loss, regulatory exposure and reputational risk. You are supporting all of the control related efforts for the Wholesale Lending Services Operations and Client & Deal Support, and are part of the Control and Continuity Services team. Every day you are working closely with various Operational roles and peers across the Business Operations Executive (BOE) team and will engage with legal, compliance, risk, audit, and technology control functions.
You'll be responsible for ensuring the line of business has a sustainable and disciplined end-to-end control environment, identifying and escalating issues with a sense of urgency, and partnering with the Business to ensure issues are remediated in a timely manner. The team assists in top-down risk analysis, real-time control issue detection, escalation, root cause analysis, and remediation.
Job Responsibilities
- Support business partners to conduct in-depth analysis of key processes, gaps, heightened risks, and adequacy of control completeness, accuracy, and timeliness, providing expertise in risk/controls and the development and support of corrective action plans
- Partner effectively with stakeholders across the firm, business, operations management, legal, compliance, risk, audit, regulators and technology control functions to drive consistent and rigorous operational risk practices and Control programs including: risk mitigation, key risk indicators, control design and effectiveness evaluation/testing
- Support control governance and reporting to identify meaningful metrics to inform on health of operational risk and control environment; escalate control breaks based on key reporting indicators; and provide input to control forums
- Identify, escalate and report risk events. Work with the appropriate groups to determine control weakness and root cause. Record risk events in the corporate internal tracking system
- Maintain WLS’s risk assessment structure in the firm’s Compliance and Operational Risk Evaluation (CORE) system with respect to EMEA and its continued evolution.
- Perform action plan validation testing and support CORE testing in support of control objectives
- Act as point of contact for internal and external audits. Support audit requests for information
- Ensure (through proactive and ad hoc reviews and controls testing) that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols
Required Qualifications, Capabilities And Skills
- Bachelor’s degree or equivalent experience
- Previous experience in financial services industry with background in controls, operations, audit, quality assurance, operational risk management, or compliance preferred; or equivalent subject matter expertise in a relevant business related function/operation
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint)
- Excellent written and verbal communication skills with an ability to influence business leaders in a meaningful and actionable manner
- Networking – strong interpersonal skills; excellent collaboration and relationship building skills
- Strong problem solving and analytical skills
- Ability to design and drive effective action plans to completion within deadlines to mitigate risk and control issues
Preferred Qualifications, Capabilities And Skills
- Business knowledge - ability to understand a complex global business, regulatory requirements, and operational risk
- Work autonomously to affect change - flexible, adaptable to shifting priorities; manages competing priorities to achieve the most effective result and able to work in a fast-paced, results driven environment
- Ability to make subjective and informed decisions based upon output, influence stakeholders and justify decision making
ABOUT US
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
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.
