18 days old

Consumer & Community Banking Global Compliance & Regulatory Management – VP

JPMorgan Chase & Co.
Jersey City, NJ 07302
  • Job Code

Consumer & Community Banking Global Compliance & Regulatory Management – VP

Req #: 190083378
Location: Jersey City, NJ, US
Job Category: Compliance
Potential Referral Amount: US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and 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 worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


Global Compliance & Regulatory Management plays a critical role in the successful execution of the firm’s compliance mission. The Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining program infrastructure that identifies, measures, and monitors compliance with applicable laws, regulations and rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm’s compliance control environment.


Consumer & Community Banking Compliance is responsible for leading and implementing the compliance program across the consumer businesses, including Home Lending, Consumer and Business Banking, Consumer Wealth Management, Card Services, and Auto Finance. The department works with the consumer businesses to ensure practices and policies are appropriately designed and to achieve compliance with both the spirit and intent of applicable laws and regulations, as well as ensuring execution of an effective compliance program.


Compliance’s Office of Fair Lending


JPMorgan Chase and Co. (JPMorgan Chase) is committed to meeting the regulatory standard to provide fair, equitable, and nondiscriminatory access to credit for both individuals and communities. This commitment is part of our fundamental mission of providing quality financial services to existing and prospective customers in accordance with all applicable laws and serving unique customers. To accomplish this, the Office of Fair Lending (OFL) has a very robust Fair Lending function that oversees firm’s compliance with fair lending laws.


Key Responsibilities


The successful candidate will be a key member of the Office of Fair Lending. The individual will be responsible for:

·         Managing multiple simultaneous projects within the Office of Fair Lending (Governance, Monitoring and Analytics) including:

§  Timely identification and reporting of significant control and compliance issues

§  Develops in the preparation of reports and presentations to Senior Management and Regulators

§  Results on internal audits, examinations, new initiatives and action plans

§  Previewing materials for completeness and accuracy, drafting responses, and identifying trends in internal audits or examinations;

§  Drafting audit responses;

§  Involvement in the issue and action plan processes so that they effectively mitigate regulatory risk.

·         Assist in the review of the Fair Lending Risk Assessment.

·         Develop, maintain and ensure the Office of Fair Lending department policies and procedures are reviewed and approved, up to date, are compliant with the regulatory environment, firmwide policies and standards and regulatory expectations, and communicates changes to audit, lines of business, and others as appropriate.

·         Assists in coordinating and interacting with cross lines of business for program initiatives, reporting and providing clarification and identification of Fair Lending risks impacting the Firms Compliance Risk Program.

·         Administers, maintains and updates the Fair Lending Shared Point site.

·         Assist in the development of Compliance plans and strategy for future enhancements to the program.

·         Maintains and performs independent Risk & Control Self-Assessment testing.

·         Evaluation and tracking of fair lending exposure related to Third Party Oversight (TPO).

·         Perform special projects as assigned.

·         Strong Project Management skills able to

§  Manage multiple tasks,

§  Is results-oriented,

§  Able to build collaborative relationships with Management and business partners,

§  Proficient in Word, Excel, PowerPoint and Project Management software is required

·         Enterprise compliance and regulatory management experience is desirable.

·         Excellent communications skills (written and oral), with the ability to effectively communicate with senior executives and regulators.

·         Able to interface with internal clients and translate technical data into user-friendly reports.

·         Proficient with SharePoint and managing the departments SharePoint Site.

·         Must be self-motivated, adaptable, and flexible to a changing regulatory environment.

·         Influencing, coaching, and consulting skills.

·         Knowledge of applicable federal and state fair lending regulations including but not limited to Reg. B - ECOA, Fair Housing Act, Americans with Disability Act, Home Mortgage Disclosure Act (Reg. C - HMDA), Community Reinvestment Act.

·         Bachelor’s degree preferred.

·         Preferred: 7 plus years’ experience in Banking with broad regulatory, fair lending experience and a good understanding of lending products.

·         Preferred:  Audit and / or Legal background is desireable

·         Preferred visual basic experience is highly desirable

Keyword: home%20lending


Posted: 2019-11-27 Expires: 2020-01-02

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Consumer & Community Banking Global Compliance & Regulatory Management – VP

JPMorgan Chase & Co.
Jersey City, NJ 07302

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