Compliance - Operational Risk Management Lead - Vice President

Job 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 an Operational Risk Management Lead within the Compliance, Conduct and Operational Risk organization, you will be joining 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). In this role, you will be highly visible to senior management and offers the opportunity to work across AWM and JPMorgan Chase & Co. To be successful, 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 decisions

Required qualifications, capabilities, and skills

• Bachelor’s Degree with at least 6+ 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 environment

Preferred qualifications, capabilities, and skills

• Familiarity with Wealth Management (WM) and aspects of WM Solutions (e.g. Trust & Estates, Banking, Lending, Product Development, 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, 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 FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About 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.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.