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Wealth Management (Private Bank) - Hong Kong: Supervisory Management, Associate/VP
September 7, 2019
JPMorgan Chase & Co. is a leading global financial services firm with more than $2.4 trillion of assets under management, over 240,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking, Commercial Banking and Consumer and Community Banking.
J.P. Morgan Asset & Wealth Management is made up of the Asset Management and Wealth Management Lines of Business.
Asset & Wealth Management Overview:
J.P. Morgan Asset & Wealth Management, with client assets of $2.5 trillion and long-term assets under management of $1.3 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
J.P. Morgan Wealth Management:
J.P. Morgan Wealth Management (WM) delivers the highest quality advice, service, capabilities and products to high-net-worth individuals and families in every major market throughout the world. We deliver highly customised and tailored solutions to help clients with the many complexities they face by leveraging the commercial and investment banking capabilities of the firm. WM addresses every facet of wealth management from investment management and brokerage to tax and estate planning, credit, raising of capital, and specialty wealth advisory services.
Within Wealth Management, the Supervisory Management Team's primary function is to (i) ensure a sustainable and disciplined end-to-end control environment for WM; (ii) identify and escalate issues with a sense of urgency; and, (iii) partner with the business to ensure timely remediation of issues.
Supervisory Management , AT/VP - Private Bank - Wealth Management
The Supervisory Management team The Supervisory Management (SM) team is a dedicated business aligned team whose main responsibility is to provide supervision of investment activity and solutions in the Private Bank. The team has been established to meet the increased regulatory expectation that the business is responsible for their own supervision and to align with global best practice within the Private Bank.
Escalate issues to senior management within all areas of the 1st, 2nd and 3rd lines of defence
Provide 1st level control and oversight of the investment business
Review and assess client trading activity and any potential suitability issues on a pre-execution basis
Independent review and assessment of client suitability profiles based on data collected from clients and the front office
Review and assess investment concentration issues in client accounts
Review materials provided to clients to ensure they are appropriate and aligned to the clients investment objectives and needs
React to, manage and handle potential client situations e.g. trading errors or client complaints
Attend front office meetings to provide relevant feedback and stay apprised of their current priorities
Perform change management in respect of changes in policies / procedures / processes where these relate to investment activities e.g. implementation and training on enhanced suitability framework; new trading protocol; etc
Audit coordination and liaison as required
Operational Risk reporting and investigation
Qualifications and Key Skills:
We are looking for a self-motivated individual who is enthusiastic, composed and has a business mindset, the candidate will need prior experience managing teams and someone who has the drive to build on the Supervisory Management teams brand and reputation.
The successful candidate will demonstrate strong organisational skills, and will be able to deal with issues independently. They will be able to operate to tight deadlines and re-prioritise as required. Given that the role will involve communicating with employees of varying levels and backgrounds, with diverse roles and different native languages, the individual will need strong communication and negotiation skills.
A strong interest and sound understanding in financial markets, products and wealth management is a prerequisite for any potential candidate.
Internal Number: 6478032
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