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FX Services provides spot and forward FX services to clients of various J.P. Morgan businesses - Custody & Fund Services, Treasury Services, Commercial Bank, Merchant Solutions, Consumer and Business Bank, and the Private Bank. Services provided include execution of client instructed FX transactions related to corporate payments, securities trades, dividend and income receipts, corporate actions and related instructions.
Markets Business Control Management ("BCM") Overview
--Markets BCM is responsible for ensuring a robust, front to back control framework is in place to support the Markets Trading businesses. BCM are trusted advisors to the business and partner with internal functional teams to evolve and improve the control environment, challenge existing practices, and identify and assess business risk. BCM support the business to implement a best-in-class supervisory culture and ensure applicable policies and associated controls are appropriately executed.
BCM are instrumental in:
Representing Front Office interests through control/regulatory initiatives
Execution and implementation of business control priorities and strategy - driving the control agenda at a functional level
Assisting Business and Desk heads with Front Office Supervisory management and execution
Risk and control governance and reporting
Primary Responsibilities for the Role
This role reports in to the Global FX Services Business Control Manager. The individual will interact directly with FX Services Execution and multiple functions across Markets, Custody & Fund Services, Treasury Services, Commercial Bank, including: Product, Client Management, Legal and Compliance, Market Risk, Product and Financial Control, Trade Support, Technology and Operations.
The candidate should be interested in working in a fast-paced, dynamic environment, participating in key initiatives, and becoming involved in a diverse set of issues. Key responsibilities include:
Establish and drive business control forums, ensuring agenda and materials effectively cover critical business operating risk
Monitor key operational risks, on-going management concerns, strategic control initiatives and business evolution
Review and implement applicable firm policies on behalf of the business
Engage in first line controls including FOS affirmation, Intraday Risk, Benchmarks, Best Execution etc
Identify and remediate control gaps providing full transparency to the business
Execute ad hoc tasks / analytical requests / control deep dives / projects
Coordinate and engage in Regulatory Exams and Audits (both internal and external)
Represent Front Office interests through control and regulatory initiatives
Execute on the Operational Risk Management Framework (ORMF) which supports the identification, evaluation, measurement and monitoring of operational risk. Key components include:
Annual Risk & Control Self-Assessment process
Timely identification, escalation and recording of operational errors
Timely review of incidents with key stakeholders to agree on root causes and delivery of appropriate remedial actions.
Knowledge, skills and experience required:
Foreign Exchange experience preferred
Investigative mindset, able to see issues at a high-level and dig in to the detail
Thorough understanding of end to end product life cycle and front to back control framework
Strong analytical, problem solving and process re-engineering skills
Exceptional organizational and follow-up skills
Excellent Excel, Word, PowerPoint skills
Excellent verbal and written communication skills at all levels
High level of motivation and diligence
Ability to multi-task adapt to changing priorities
Partnering and influencing skills.
About J.P. Morgan's Corporate & Investment Bank:
J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com .
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government's Disability Confident Scheme.
Closing date-Monday, May 13, 2019
Internal Number: 6111739
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