6 days old

Corporate - ORO – Operational Risk Officer for Risk and Compliance - Executive Director

JPMorgan Chase & Co.
Brooklyn, NY 11201
  • Job Code
    190093541

Corporate - ORO – Operational Risk Officer for Risk and Compliance - Executive Director

Req #: 190093541
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: US Dollar (USD)

J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at http://www.jpmorganchase.com/.

 

The Compliance, Conduct and Operational Risk (CCOR) Program sets forth JPMorgan Chase & Co.’s (JPMC’s) second line of defense coverage of compliance, conduct, and operational risk. CCOR establishes policies and standards which set forth the requirements for the LOBs and Corporate Functions regarding the management of compliance, conduct, and operational risk and enables oversight and independent assessment over compliance, conduct and operational risks inherent within the firm’s activities.

 

CCOR uses the results of risk assessments to identify heightened areas of compliance, conduct, and operational risk to independently monitor the risks and test the effectiveness of controls within the LOBs and Corporate Functions. CCOR informs the firm of compliance, conduct, and 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.

 

Key Responsibilities include:

  • Influencing and advising senior leaders within Compliance and Risk on their operational risk, including through participation in committees.

  • Partnership with the 1st Line of Defense (“LOD”), Control Management and Operational Risk Officers in identifying and remediation of risks and addressing internal and externally identified issues.

  • Perform effective challenge of operational risks through ORM’s monitoring programs (e.g. Significant Event Reviews, Targeted Risk Assessment Reviews, KPIs / KRIs, Qualitative Operational Risk Appetite, Material Risk Inventory, Independent Risk Management Assessments).

  • Lead or participate in the development of Risk Assessments and Control Standards.

  • Calibrate view points and present findings to the 1st LOD and ORM.

  • Understand the key processes and controls performed for the coverage area across the firm. 

  • Develop and/or challenge KPIs / KRIs for related risks through effective monitoring and testing.

  • Partner with 1st LOD and ORM to strengthen the operational risk environment of the firm using analytics, independent challenge, and your ideas.

  • Proactively analyze operational risks to identify and make recommendations for process or control changes and system enhancements.

  • Prepare and/or review operational risk materials for Functional Control Committees, Risk Committees, Rep Letter signoff, etc.

  • Lead or participate in operational risk initiatives or technology projects across Corporate Functions and other business partners, as assigned.


  • 10+ years of experience in financial services industry is required with specific experience in Operational Risk, Finance, Audit, or other controls related area is a plus.

  • 2+ years of Risk, Compliance or related processes experience (e.g. model review, surveillance, KYC / diligence, screening) is a plus

  • Proven ability to anticipate, identify, and analyze risks and effective mitigants.

  • Strong communication skills, both verbal and written.

  • Strong negotiation / influencing skills.

  • Develop constructive relationships with functional partners.

  • Strong analytical and problem-solving skills, inquisitive nature, and comfort challenging current practices.

  • A high-level of attention to detail and quality assurance.

  • Proven ability to be able to multi-task, as well as assess and change priorities.

  • Drive and deliver results with limited supervision.

  • Able to deliver projects consistently, problem solve, and think strategically under pressure.

  • High proficiency in Microsoft Office Suite.

  • Minimum of Bachelor's degree; plus in Business Administration, Finance, Accounting or related discipline.

  • People management experience a plus.



Keyword: consumer%20banking

Categories

Posted: 2019-10-07 Expires: 2019-11-06

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Corporate - ORO – Operational Risk Officer for Risk and Compliance - Executive Director

JPMorgan Chase & Co.
Brooklyn, NY 11201

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