AWM – USPB Operational Risk Officer – Vice President – United States

  • Company:
    JPMorgan Chase Bank, N.A.
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    15 hours ago
  • Category:
    Executive Positions

About Compliance, Conduct and Operational Risk 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 is 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 organization 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 professionals brings and embracing an inclusive environment. Responsibilities: The successful candidate in this position will join a 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 AWM. Govern: CCOR in the second line of defense establishes policies and standards which set forth the requirements for the LOBs and Corporate Functions regarding the management of operational risk and enables oversight and independent assessment over operational risks inherent within the firm’s activities. Identify: The LOBs and Corporate Functions have primary responsibility for the identification of the operational risks inherent within their day-to-day business activities, consistent with standards established by CCOR. CCOR provides oversight and independent assessment of the risks identified by the LOBs and Corporate Functions and, where appropriate, escalates any new or emerging risks or issues. Measure: CCOR independently assesses operational risks through quantitative and qualitative means. CCOR’s independent assessment identifies risk drivers that may impact operational risk activities and the controls to help mitigate such risks. Monitor & Test: CCOR uses the results of risk assessments to identify heightened areas of operational risk to independently monitor the risks and test the effectiveness of controls within the LOBs and Corporate Functions. CCOR utilizes key risk indicators (KRIs), key performance indicators (KPIs), and other metrics to periodically identify areas where incremental monitoring and / or testing may be needed. Manage: CCOR informs the firm of operational risk levels and provides associated second line of defense support to all areas of the firm (except Audit). These activities include raising issues for the first line of defense to remediate through action plans and reviewing KRI and KPI thresholds. CCOR leverages a centralized strategy for metrics dashboard reporting to support these activities. Report : CCOR reports on the results of its activities to the LOBs and Corporate Functions including changes in risk assessments, results of monitoring and testing, and required corrective actions. CCOR reports and escalates issues to the Directors’ Risk Policy Committee (DRPC) and senior management consistent with the firm’s escalation practices. Business Specific Requirements Perform the Independent Second Line Risk Assessment (ISRA) for the operational risks in WM Solutions using both qualitative and quantitative means. Assist in developing targeted monitoring and testing activities designed using a risk-based approach leveraging the results from the CCOR ISRA Monitor key risk indicator/trends to identify and understand areas of potential emerging risk Perform deep dive reviews of areas of emerging risk or potential control gaps to identify issues for the business to remediate; document and share analysis with business stakeholders entering issues and action plans firm’s system of record Help drive the development of regional and legal entity alignment of CCOR framework, including KRIs, and Loss Data Partner with the business to continually improve operational risk processes and business operating models, support safe business growth, and inform & influence risk-based decision making Provide independent operational risk oversight in key governance forums within control forums and committees; escalate to regional committees and liaise with regulators as needed Oversee risks associated with New Business Initiatives (NBI) and other programs within the business and challenge the control environment within these programs Build consultative relationships with WM Solutions management, control teams, CCOR and Risk colleagues to drive and influence strategic programs decisions Contribute to materials for presentations at working groups, senior management meetings, and providing sufficient information to inform key stakeholders Preferred qualifications Minimum University/Bachelor’s Degree with at least 6-8 years of industry experience Experience with risk management, control management, compliance and audit in the financial industry desirable; Detailed knowledge of WM and aspects of WM Solutions (e.g. Trust & Estates, Banking, Capital Markets Solutions and Managed Solutions) will be an advantage. Exposure to multiple risk disciplines (e.g., credit, investment, fiduciary, reputation) will be an advantage. Good communicator with strong analytical, problem solving and project management skills with successful track record of completion Strong analytical skills and proven ability to identify potential process and control issues and develop and present solutions to key stakeholders Self-motivated, driven and intellectually curious Strong interpersonal and influencing skills and ability to embrace and drive change Ability to multi-task, prioritize and thrive in a fast-paced and evolving environment Passionate and capable of learning in a changing environment while delivering results Job Operational Risk Management Primary Location United States (DE – Delaware) Organization AWM Operational Risk Management Schedule Full-time Job Type Standard Shift Day Job Recruiter Hiring Manager Rosalind Dear Salary Grade / Level 603JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.Equal Opportunity Employer/Disability/Veterans