Compliance Conduct and Operational Risk (CCOR) Monitoring and Testing (M&T) activities represent an independent evaluation by the second line of defense of the first line of defense's compliance with laws and regulations, as well as internal policies, standards, and procedures. CCOR Monitoring is the ongoing evaluation of compliance, conduct, and operational risk exposure as well as control effectiveness. CCOR's monitoring program continues to evolve and is currently accomplished through both automated and manual activities (e.g. reviewing metrics, marketing materials, and customer data to evaluate processes in place to mitigate operational risks and / or oversee compliance with regulatory obligations). CCOR Testing is a risk-based, point-in-time evaluation of the design adequacy and execution effectiveness of controls and the output of processes.
We are seeking a professional to join the North America Asset and Wealth Management (AWM) Compliance, Conduct and Operational Risk (CCOR) Testing team, which functions within the firm's Second Line of Defense and provides compliance, conduct, and operational risk testing coverage aligned to the Asset Management, Private Bank and J.P. Morgan Wealth Management businesses.
This position will be responsible for managing and steering the central activities executed by the CCOR M&T team, and this position partners closely with the Compliance and Operational Risk Officers globally. This position reports into the co-lead of the North America CCOR AWM Testing team.
Job Responsibilities:
The successful candidate should be enthusiastic, confident, and prepared to work in a challenging yet rewarding environment delivering first class solutions. Previous experience conducting regulatory examinations, compliance/operational risk testing, or internal audits of complex financial institutions is preferred. The ideal candidate will be able to:
Research, plan and lead detailed reviews, in accordance with the CCOR M&T Program and within assigned testing timeframes
Communicate with relevant businesses, Compliance and Operational Risk Officers, Business Control Managers, and Technology partners while conducting detailed evaluations of i) internal controls, ii) policies, iii) procedures, and iv) processes that mitigate risks and reasonably ensure adherence to applicable regulations, legal obligations, and business requirements (policies/procedures).
Identify potential or actual weaknesses in controls, processes, and procedures.
Interpret risk assessment results and develop appropriate methodologies and approaches to review business related activities.
Partner with M&T teams in the EMEA, APAC and LATAM regions to ensure global testing consistency and promote adherence to testing standards.
Prepare clear and organized testing workpapers to document and support work performed, and conclusions reached.
Ability to acquire and analyze data from multiple sources and systems across the Asset & Wealth Management to reach and support conclusions.
Document information relating to testing reviews completed, issues identified, outstanding action plans and progress against plan.
Organize systems data and subsequently analyze it with the aim of drawing effective conclusions to support the testing work.
Write test reports that effectively communicate testing objectives, processes, methodologies, and results to senior management, business control managers, and other relevant functions.
Follow-up on statuses of identified issues until effectively remediated.
Participate in special projects to enhance CCOR M&T processes and practices.
Qualifications:
Five or more years of relevant compliance/operational risk testing, regulatory, examination, or internal audit experience.
Experience within a top tier U.S. financial services firm.
A working knowledge of Asset Management, Private Banking or Wealth Management-related activities is a plus.
Bachelor's degree required.
Understanding of control frameworks and risk assessment analysis.
Experienced business writer with proven ability to review and edit testers' written test related documents and ensure clear and concise descriptions of reviews and conclusions.
Robust analytical and investigative and problem-solving skills.
Flexible to changing business priorities and ability to multitask in a constantly changing environment.
Ability to work independently and collaboratively within a team environment.
Ability to manage multiple assignments simultaneously with minimal supervision.
Strong interpersonal, communication, and organizational skills.
Ability to interact with all levels of personnel within the corporate framework.
Knowledge of Microsoft Word, Excel and PowerPoint; experience with Visio and Tableau preferred.
JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
