JPMorgan Chase Asset Wealth Management Risk - Fiduciary Risk Management - Vice President in New York, New York
JP Morgan Chase:
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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 world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Our Firmwide Risk Function:
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
About JPMorgan Chase Wealth Management
JPMorgan Chase is one of the oldest financial institutions in the United States with a history dating back over 200 years. We are a leading global financial services firm with assets of $2.4 trillion operating in more than 60 countries. We have 270,000 employees serving millions of consumers, small businesses and many of the worlds most prominent corporate, institutional and government clients. We are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. We have fiduciary assets under supervision and assets under management/custody of over $4.1 trillion combined and are one of the largest asset and wealth managers in the world.
J.P. Morgan Wealth Management (WM) has more than 100 years of experience helping the world's wealthiest individuals and their families grow, manage and sustain their wealth to ultimately leave a lasting legacy. By consistently keeping our clients informed, focusing on risk-adjusted returns and rapidly adjusting to tactical opportunities and risks, we stand by our clients through market cycles. WM provides an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking. J.P. Morgan's wealth management solutions are provided through the Private Bank and J.P. Morgan Securities Corporation.
WM Fiduciary Risk Management
JPMorgan Chase believes in a holistic approach to risk analysis by incorporating key risk disciplines including Credit, Market, Principal, Liquidity, Model, Legal, Fiduciary, Reputation, and Operational Risk and weighing these against returns. JPMorgan Chase’s firm wide Risk Management function operates independently of marketing and product groups within the lines of business. The Chief Risk Officer (CRO) of the firm reports directly to the CEO and is accountable to the Board of Directors, primarily through the Directors Risk Policy Committee.
WM Fiduciary Risk is responsible for oversight of the fiduciary activities within WM. The successful candidate should be familiar with investments, products, internal control systems (Risk & Control Self-Assessment (RCSA), etc.), governance and operational risk in order to proactively and independently challenge the Business as appropriate. This may include leading deep-dive analysis of the business’s procedures, targeted reviews of RCSAs and changes to fiduciary control activities. The role will work closely with other Risk Management colleagues, the Business and key control functions including Legal, Compliance, Audit and Controls Management, to provide valuable feedback regarding fiduciary issues and emergent risks.
Lead targeted deep dives of key fiduciary control activities, governing frameworks and decision-making processes, including but not limited to those that impact client investment selection.
Provide independent, objective review of fiduciary control activities and/or function control environment, mitigation strategies and emerging risks.
Maintain awareness of risk and control issues within the WM business, whether self-identified or from internal /external audit.
Evaluate the strengths and weaknesses of existing controls and provide direction on opportunities for improvement.
Understand the business’s RCSA, key risk & performance indicators, and other controls to identify negative trends and potential control gaps.
Maintain strong relationships with internal business and functional support areas.
Develop and deliver presentations to senior audiences such as risk committees, as needed.
Mentor junior staff
Foster relationships with the WM Controls organization in order to ensure effective work alignment, while maintaining a distinction between the first and second line of defense.
Minimum 5-7 years work experience in Private Banking Risk Management or other Risk Management capacities, Consulting, Legal, Compliance, or Audit
Very high analytic aptitude, as evidenced by educational credentials and/or work experience
Strong partnership skills; experience working on cross-functional teams
Ability to challenge business partners while working constructively to achieve a common goal
Control mentality – naturally skeptical, with an ability to anticipate unforeseen consequences
Ownership mindset – takes personal responsibility for outcomes; sees beyond their own domain
Outstanding verbal and written communication skills
Detail and deadline oriented
Outstanding analytical and organizational skills
Self-starter with ability to manage projects independently
Ability to work with individuals at all levels in the organization and contribute to the strategic direction of the firm and the team
Excel skills are a significant advantage
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.