Legal Entity Risk Assessor (Senior Associate)

JP Morgan

Location: Dorset

Job Type: Full time


This role is in the chance to coordinate and conduct a variety risk assessments types across 48 legal entities in region. The team is constructed of members who perform quality assurance testing, metrics analysis, and dedicated Legal Entity risk assessors.

The Legal Entity Risk Assessment (LERA) is an annual aggregation and review of the legal entity’s Processes, Risks, Controls and Issues as represented in the Compliance and Operational Risk Evaluation (CORE) platform and is a regulatory requirement. The purpose of the LERA is to provide the legal entity Boards with a view of the top inherent risks, overall control effectiveness, and top residual risks, and emerging risks for all lines of business and corporate function groups in the legal entity and helps inform 2LOD areas to focus testing. An assessment is performed on the 16 level 2 risks within the firm using qualitative reasoning and quantitative data points.

As a Legal Entity Risk Assessor in the Regional Controls team, you will report to the local team leader in Bournemouth and will have key responsibilities for performing complex data and business analysis supporting the creation of the annual (LERA). You support the location control manager (LCM) who governs the legal entity, and coordinates with business and functional control managers, and Compliance, Conduct and Operational Risk (CCOR) during a phase of check and challenge. You collate and assess multiple quantitative and qualitative data sources in order to inform the LERA.

Job responsibilities

  • Collate quantitative and qualitative data sources
  • Execute of the data analysis and identification of trends since the prior assessment
  • Coordinate of the overall legal entity CORS assessment ratings in conjunction with LCM and business control managers
  • Coordinate of the communications and ongoing tracking / reporting of progress against the LERA key milestones
  • Composite of the draft LERA assessment using extracts from all of the required data sources, and collation of qualitative commentary into the assessment from subject matter experts
  • Coordinate and disposition of the 2LOD challenges with relevant control managers

Required qualifications, capabilities, and skills

  • Strong team player with excellent partnering and influencing skill who is able to partner closely with peers who share the responsibility for data analysis and assessments
  • Highly motivated, energetic self-starter who takes ownership and able to make constructive observations and recommendations
  • Good organizational skills - manages & prioritizes multiple tasks and high focus on quality
  • Investigative mind-set, able to see issues at both a high-level and in detail, and understand applicability across the business
  • Strong analytical, problem solving & process re-engineering skills
  • Excel, PowerPoint, and Alteryx skills preferable
  • Exceptional verbal and written communication skills
  • Confident with communicating with and influencing stakeholders where appropriate
  • Good judgment, maturity, and poise to identify risks and escalate where required
  • Previous experience in CORE / Controls/ Operational Risk Management