CIB Regulatory Reporting Control VP

JP Morgan

Location: Greater London

Job Type: Full time


The Global Regulatory Change & Controls (GRCC) team is responsible for the global end-to-end regulatory reporting control environment for CIB and has a number of disciplines within the department. A key area of focus and risk for the organization is managing, delivering and controlling the significant amount of regulatory change that is taking place across the industry globally. We are responsible for ensuring that J.P. Morgan have a best-in-class regulatory reporting infrastructure comprising controls, governance and reporting within operations.

The GRCC team is looking for a lead controls officer with demonstrable experience of either working in an business-as-usual operations control role such as regulatory reporting, trade support or settlements, or alternatively have an audit or compliance background.

The role is very broad in terms of coverage and requires strong analytical skills, the ability to break down complex issues to provide solutions, and excellent communicating skills. You will be called upon to address high-profile, high-impact, cross line of business regulatory demands and prepare and present information on deliveries at a senior level (ED and above).

You will lead the wider EMIR and SFTR team and our business stakeholders working on EMIR and SFTR transaction reporting to perform deep-dives of transaction reporting, drive consensus for control solutions, design control enhancements and coordinate with a wide range of stakeholders as appropriate to escalate observed regulatory reporting issues. You will partner extensively with the lines of business, legal, compliance, audit, technology and corporate operational risk. The candidate should be able to work independently when required but as well as supporting the oversight and development of the wider team. This role provides a breadth and depth of visibility across the CIB Digital and Platform Services organization with extensive cross-functional and cross-business exposure and the opportunity to creatively problem-solve on a broad scale, supporting internally-owned tools and solutions to emerging and changing regulations

Role Responsibilities

  1. Act as the day-to-day lead of the EMIR and SFTR controls team
  • Point of escalation for business as usual enquiries and emerging reporting issues.
  • Support the wider team with oversight of metrics and dealing with incoming queries and potential reporting issues.
  • Support the development and ongoing training of team members.
  • Provide the first review of presentations, metrics and procedural documentation.
  • Represent J.P. Morgan with external vendors and industry groups when required.
  • Act as a GRCC lead on regulatory reporting issues and oversee the necessary escalations in-line with policies.
  1. Regulatory reporting deep-dives

Design and conduct thematic deep-dives on transaction reporting data to validate if reporting is aligned to the regulatory requirements:

  • Design testing approaches and data sources required to support testing.
  • Develop test using applications such as Alteryx or Excel as appropriate under the guidance of the senior team members as required.
  • Establish and maintain working groups with impacted stakeholders to support testing, track progress, validate results and escalate potential emerging themes.
  • Document processes and results.
  • Present findings to senior stakeholders and support the escalation of identified issues.
  1. Control Design/Enhancement

Review existing controls and reporting processes and identify, design and implement as applicable enhancements to existing post transaction reporting controls:

  • Analyse existing controls and their effectiveness for managing the regulatory risks.
  • Analyse transaction reporting flows and processes to identify potential new controls.
  • Document requirements for new controls and enhancements.
  • Build controls that will use user-owned applications.
  • Oversee delivery of controls by technology on strategic applications including leading UAT with impacted stakeholders.
  • Update regulatory reporting operating model and procedural documents as required to support the changes made.
  1. Management Information
  • Ongoing review of metrics identifying potential areas of concern and focus to drive deep-dives and report owner remediation efforts.
  • Support the wider stakeholders in developing a strategic set of metrics that can be used across all levels of governance whilst ensuring they continue to reflect key risks and performance measures.

Key Experience and Skills

  • Experience as an operations team supervisor/manager.
  • Detailed working knowledge of EMIR and SFTR transaction reporting including report types, reporting guidelines and best practice, trade repository control reports and inter trade repository reconciliations.
  • Demonstrable experience of either working in an business-as-usual operations control role in regulatory reporting or alternatively have an audit or compliance background.
  • An understanding of banking & capital markets, with a strong understanding of the products and markets in which the CIB operate.
  • End-to-end understanding of the processes of the trade and transaction lifecycle and first-line controls.
  • The candidate must be a proactive, self-learned, self-motivated individual who is able to think logically under-pressure.
  • Strong verbal and written communication skills with recent experience presenting to senior stakeholders.
  • They must be able to work with multiple stakeholders in a fast paced, results driven environment with several competing priorities and deadlines.
  • A strong analytical mindset is needed to challenge the current controls environment.
  • Ability to interpret issues raised then prioritize and communicate to senior management and other key stakeholders regarding resolution plans and expectations, and understand impact of external factors such as regulatory change on business strategy.
  • End-to-end understanding of the processes of the trade and transaction lifecycle and first-line controls.
  • Ability to successfully operate across regions, businesses and functions with demonstrably strong communication, negotiation, influencing and relationship management skills.
  • Proficient in the use Microsoft Excel, PowerPoint and Word.

Desirable Skills/Experience

  • A strong understanding of the trade life-cycle and controls.
  • Project management experience is an advantage as there may be elements of the work that will require the use of basic project management competencies
  • First-hand experience of designing and building analytical workflows using Alteryx.
  • Business analyst competencies, including impact assessment, analysis of business processes and data flows, production of business requirements and their solutions.
  • Proactive and creative problem solving with business process reengineering experience and tenacity to drive to root cause.
  • Ability to deal with ambiguity and uncertainty; effective at working with multiple functions across regions and time differences.
You’ve got this!