30 days old

CIB – Operational Risk – Vice President

JPMorgan Chase & Co.
New York, NY 10007
  • Job Code
    190103554

CIB – Operational Risk – Vice President

Req #: 190103554
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: US Dollar (USD)

About J.P. Morgan

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.

 

About J.P. Morgan̢۪s Corporate & Investment Bank

J.P. Morgan̢۪s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world̢۪s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With nearly $20 trillion of assets under custody, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

 

The Corporate & Investment Bank (CIB) Operational Risk Management (ORM) team is responsible for independently assessing, reviewing and overseeing the management of Operational Risk by the first line of defense.

 

About Compliance, Conduct and Operational Risk

Operational Risk Management is part of Compliance, Conduct and Operational Risk (CCOR), within the Risk Management and Compliance organization. CCOR maintains oversight of the firm̢۪s compliance, conduct and operational risk management activities and are responsible for the design and execution of the CCOR program, which consists of the second line of defense̢۪s responsibilities in managing the firm̢۪s compliance, conduct, and operational risk.

 

Our organization is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of professionals brings and embracing an inclusive environment.

 

Responsibilities:

 

The successful candidate will join a team of risk professionals from a diverse range of backgrounds and experience who collectively ensure that the Firm̢۪s Operational Risk Management Framework is implemented and functions effectively within CIB Markets.

 

  • Govern: CCOR in the second line of defense establishes policies and standards which set forth the requirements for the LOBs and Corporate Functions regarding the management of operational risk and enables oversight and independent assessment over operational risks inherent within the firm’s activities.

  • Identify: The LOBs and Corporate Functions have primary responsibility for the identification of the operational risks inherent within their day-to-day business activities, consistent with standards established by CCOR. CCOR provides oversight and independent assessment of the risks identified by the LOBs and Corporate Functions and, where appropriate, escalates any new or emerging risks or issues.

  • Measure: CCOR independently assesses operational risks through quantitative and qualitative means. CCOR’s independent assessment identifies risk drivers that may impact operational risk activities and the controls to help mitigate such risks.

  • Monitor & Test: CCOR uses the results of risk assessments to identify heightened areas of operational risk to independently monitor the risks and test the effectiveness of controls within the LOBs and Corporate Functions. CCOR utilizes key risk indicators (KRIs), key performance indicators (KPIs), and other metrics to periodically identify areas where incremental monitoring and / or testing may be needed.

  • Manage: CCOR informs the firm of operational risk levels and provides associated second line of defense support to all areas of the firm (except Audit). These activities include raising issues for the first line of defense to remediate through action plans and reviewing KRI and KPI thresholds. CCOR leverages a centralized strategy for metrics and dashboard reporting to support these activities.

  • Report: CCOR reports on the results of its activities to the LOBs and Corporate Functions including changes in risk assessments, results of monitoring and testing, and required corrective actions. CCOR reports and escalates issues to the Directors’ Risk Policy Committee (DRPC) and senior management consistent with the firm’s escalation practices.




  • Minimum Bachelor’s Degree with 5-10 years of Markets related experience; asset class experience related to FX, Rates or Commodities an advantage

  • Experience with risk management, Markets products, electronic trading, operations, controls management, or technology required

  • Strong influencing skills and ability to drive change and deliver results

  • Strategic thinker with strong analytical and project management skills with successful track record of completion

  • Ability to multi-task, prioritize and thrive in a fast-paced and evolving environment


 



Keyword: consumer%20banking

Categories

Posted: 2019-11-14 Expires: 2019-12-14

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CIB – Operational Risk – Vice President

JPMorgan Chase & Co.
New York, NY 10007

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