1+ months

Corporate & Investment Bank - Control Management - Commodities Trading Business Control Manager - Vice President

New York, NY 10007
  • Job Code
    190075411

Corporate & Investment Bank - Control Management - Commodities Trading Business Control Manager - Vice President

Req #: 190075411
Location: New York, NY, US
Job Category: Operations
Potential Referral Amount: US Dollar (USD)

J .P. Morgan’s Commodities Trading Group offers clients a comprehensive set of market-making, structuring and risk management capabilities across the full spectrum of Commodities asset classes. 


The Business Controls Management team (BCM) develops and implements the first line of defence governance and controls for J.P. Morgan’s Corporate and Investment Bank- Commodities Trading division.  The BCM has responsibilities in control design, implementation, evaluation and representation to internal and external parties including global regulators.  The BCM needs to develop deep relationships with stakeholders across functional lines, understanding of the businesses, their risks, controls, architecture, and products.   


Job Description:

The successful candidate will manage the Americas Commodities Trading Business Controls Team.  

 

The successful candidate will be required to:

  • Manage a small business control management team covering Americas Commodities Trading activities

  • Be a trusted Front Office control advisor on Trading matters
  • Represent Front Office interests vis a vis control/regulatory initiatives
  • Execute and implement business controls priorities and strategy
  • Facilitate Front Office supervisory management and execution
  • Implement, govern, and report upon control and risk initiatives
  • Be a trusted control advisor on E-trading matters

On a day to day basis the BCM will be responsible for:

 

Business level key control monitoring:

    • Assess and monitor critical operational and conduct risk

    • Review, challenge and substantiate control ratings and risk results.

    • Drive control agenda at functional level across critical business unit risks.

    • Lead Risk Control Self-Assessment (RCSA)/CORE and other business reviews.

Thematic reviews, risk analysis, control deep dives

    • Review action plans ensuring material risks properly mitigated and validate execution and closure.

    • Deep dive of errors and risk events to ensure all control gaps are highlighted and appropriate actions taken.

    • Running cross LOB thematic and specific reviews to deliver a consistent and improved control environment and/or address specific regulatory concerns.

    • Represent Commodities Trading and provide leadership and business expertise into Corporate and CIB policy and other cross business control reviews.

LOB controls oversight and governance

    • Chair/co-lead critical business control forums (in conjunction with business head), and drive agenda to ensure forum effectively covers critical operating risk. 

Education

  • BS or MS level – in an applicable field or sufficient compensating experience

Qualifications:

Essential skills:

  • Minimum of 10+ year’s industry experience at senior or supervisory level in a relevant risk or control function.
  • Demonstrate solid understanding of Markets business and products, preferably Commodities products
  • Strong understanding of transaction lifecycles, systems and controls and the functions responsible for execution of those controls.
  • Familiarity with risk measurements and understanding of their limitations
  • Proven track record in partnering with business heads to proactively identify growth areas and emerging risks.
  • Demonstrate confident leadership and sound judgment to influence a strong culture and risk management
  • Proven track record of initiating policy and control improvement and driving programs and that enhance transparency, governance or control.


Keyword: consumer%20banking

Categories

Posted: 2019-08-14 Expires: 2019-10-12

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world.

Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries.

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Corporate & Investment Bank - Control Management - Commodities Trading Business Control Manager - Vice President

JPMorgan Chase & Co.
New York, NY 10007

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