Operational Risk Management for EMEA JPMorgan Payments – VP – Bournemouth
About J.P. Morgan
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/.
About Operational Risk Management
Operational Risk Management is part of Compliance, Conduct and Operational Risk (CCOR), within the Risk Management and Compliance organization. CCOR maintains oversight of the firm’s compliance, conduct and operational risk management activities and are responsible for the design and execution of the CCOR program, which consists of the second line of defense’s responsibilities in managing the firm’s compliance, conduct, and operational risk.
Our Risk organisation 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 brings and embracing an inclusive environment.
The successful candidate will join a small team of risk professionals from a diverse range of backgrounds and experience who collectively ensure that the Firm’s Operational Risk Management Framework is implemented and functions effectively within CIB JPMorgan Payments.
The role, based in Bournemouth with occasional travel to London, will support the CIB JPMorgan Payments business which includes Treasury Services, Global Trade and Merchant Services.
Responsibilities:
- Independently monitor that the JPMorgan CCOR framework is appropriately executed by the business and supporting functions in the 1st LOD
- Act as point of expertise for Operational Risk, advising business partners and control functions on framework aspects and emerging risks
- Develop, maintain, and review Operational Risk procedures, monitoring implementation and on-going compliance
- Provide oversight and independent assessment of risks identified by the business and, where appropriate, escalate any new or emerging risks or issues
- Conduct independent risk assessments through quantitative and qualitative means
- Monitor key risk indicators (KRIs), key performance indicators (KPIs) and other metrics to periodically identify areas where incremental monitoring and / or testing may be need
- Plan and execute testing activities to assess the design adequacy and effectiveness of controls within the business and supporting functions
- Conduct regular deep dives and significant event reviews, identifying key risks and mitigation measures
- Provide independent oversight in key governance forums, including Business Control Committees
- Conduct reviews on new business initiatives, new service/product operational capabilities and new proposals (or changes) to location strategy
Skills/Qualifications:
- Extensive experience in risk management or other related control functions (e.g. Compliance, Legal, Controls Management)
- Strategic thinker with strong analytical and project management skills with successful track record of completion
- Ability to drive change; manage conflict, strong influencing skills
- Excellent written and verbal communication and presentation skills. Ability to understand risks and their drivers and to form, articulate and explain views
- Ability to multi-task, prioritize and thrive in a fast-paced and evolving environment
- Proactive and self-motivated with the ability to act independently
