JPMorgan Chase Vice President, Business Control Officer – Global Commodities Group in New York, New York
J .P. Morgan’s Global Commodities Group (GCG provides clients with market making, risk management, financing capabilities and financial solutions across the full spectrum of commodities. The group’s expertise in key products across energy, metals and agricultural commodities serves as an important complement to the firm’s investment banking, M&A advisory and capital markets capabilities.
The role of the Business Control Officer (BCO) is to focus on the GCG end to end control environment spanning all of the primary functions from voice and e-trading execution, market risk, model risk, credit risk, operations, technology, product control and through to legal & compliance. The GCG BCO team is part of a wider Markets BCO team which reports into the CAO of the Corporate and Investment Bank.
The GCG Business Control Officer (BCO) will lead the GCG control agenda and will provide support to key stakeholders in all aspects of Front Office Supervision, e-Trading, Physical and Financial Trading, Conduct and Operational. The BCO will lead risk identification and risk mitigation as well as the execution, implementation and enhancements of key Front Office controls.
The BCO will interact with multiple lines of business and corporate functions and will need to be able to work effectively with senior executives of the firm. The BCO will need to establish very strong relationships within GCG that includes business heads, desk heads, traders, business managers and keys business partners such as Product Control, Technology, Market Risk, Operations, Compliance etc. The BCO will need to develop a deep understanding of the business, its control challenges, the architecture and products. The candidate should be interested in working in a fast-paced and dynamic environment, participating in key initiatives and becoming involved in a diverse set of issues that will have a direct impact on the organization.
Key responsibilities include
Facilitate GCG control governance and help manage conduct and operational risk and control agenda
Assist with Front Office supervision reporting and management
Front Office Supervision reporting and oversight including exception management
Identify and remediate control gaps
Provide input into further enhancements of Front Office Supervision portal
Supervisory attestations reporting - tracking and evidencing of business executive attestation
Standard operating procedures documentation and implementation
Control and regulatory governance management
Assist with reporting, administration and running of GCG Business Control Forums (BCFs) and related control meetings with support functions
Prep for internal and external regulatory & control meetings/reviews e.g. audits, regulatory exams, compliance reviews
Facilitate tracking and resolution of operations risk issues & actions
Assist with investigation, documentation and escalation of Operational risk events/errors
Perform thematic and desk specific control deep dives
Facilitate annual Risk and Control Self-Assessment (RCSA) and on-going updates and maintenance of GCG RCSA
Understanding of capital markets products and markets
Understanding of the end to end product life cycle
A good understanding of Conduct and Operational risk and front to back controls and how to apply them to different processes and businesses
Highly motivated, energetic self-starter who takes ownership
Good organizational skills - manages & prioritizes multiple tasks across different time horizons within deadlines
Investigative mindset, able to see issues at both a high-level and in detail.
Strong analytical, problem solving & process re-engineering skills
Excellent verbal and written communication skills
Strong team player with excellent partnering and influencing skill
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.