JPMorganChase
Compliance - Regulation W and Corporate Function Coverage - Vice President
JPMorganChase, Newark, New Jersey, us, 07175
JOB DESCRIPTIONBring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Compliance, Conduct, Operational Risk (CCOR) Operational Risk Management Vice President, you will join a team of compliance and risk professionals from a diverse range of backgrounds and experience who collectively ensure that the Firm’s Compliance, Conduct & Operational Risk (CCOR) Framework is implemented and functions effectively. You will have specialized knowledge and experience in Regulation W who can effectively serve as the second line challenger of compliance risk assessments in order to be in compliance with laws, rules and regulations. Additionally, you will also act as second line of defense coverage for the Corporate Responsibility, Morgan Health, Corporate Control Management organizations within Corporate Functions. To be successful in this role, it is preferred to have knowledge and experience in Regulation W as well as have a background in either Risk Management or Audit practices.
Job Responsibilities
Serve as a primary point of contact for delivery of the Firm’s Compliance & Operational Risk Program specific to the Regulation W Horizontal, Corporate Responsibility and Control Management functions.
Provide Compliance and Operational Risk Management oversight and independent challenge of changes to business processes, risks and controls that result from industry, regulatory, business decisions and/or strategic initiatives.
Develop and present quarterly control committee materials.
Perform other independent assessment(s) leveraging the CCOR framework (e.g., annual Compliance Risk Assessments, Compliance and Operational Risk Summary, Material Risk Inventory, etc.).
Perform the independent challenge and review of Regulation W Compliance Risk Assessment inclusive of identifying firmwide substantive test activities.
Propose annual substantive testing activities to be executed by Testing Center of Excellence, and propose Targeted Reviews and other monitoring activities executed by team.
Analyze compliance and operational risks as it relates to business processes, and present challenge to the business as appropriate.
Provide guidance and advice to coverage areas on corporate policies, industry developments and rulemaking applicability to the function.
Work closely with first, second and third lines of defenses to strengthen the compliance and operational risk environment of the firm.
Assist in regulatory reviews and exams, audits, and other inquiries related to coverage activities.
Required qualifications, capabilities, and skills
Generally, 7+ years of experience in compliance, risk management, or audit within the financial services industry is expected. Specific experience with Regulation W is highly desirable.
Excellent written, verbal and communication skills, adjusting style of communication for a variety of situations and be able to defend your stance when challenging.
The candidate must be able to work in a fast paced environment, make decisions based on sound judgment, and utilize a well-maintained internal network of product and regulatory specialists as needed.
High proficiency in Microsoft Office Suite.
Work hybrid arrangement (3 days in office and 2 days work from home).
Preferred qualifications, capabilities, and skills
A bachelor's degree in finance, accounting, or a related field is preferred; master's degree or a Juris Doctor (JD) is a plus.
Experience interacting with regulators on exams is a plus.
Strong sense of accountability and ownership of responsibilities; self-motivated with ability to make independent decisions.
Intellectually curious, and comfortable challenging current practices.
Ability to foster relationships at all levels within the coverage area and associated control functions.
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As a Compliance, Conduct, Operational Risk (CCOR) Operational Risk Management Vice President, you will join a team of compliance and risk professionals from a diverse range of backgrounds and experience who collectively ensure that the Firm’s Compliance, Conduct & Operational Risk (CCOR) Framework is implemented and functions effectively. You will have specialized knowledge and experience in Regulation W who can effectively serve as the second line challenger of compliance risk assessments in order to be in compliance with laws, rules and regulations. Additionally, you will also act as second line of defense coverage for the Corporate Responsibility, Morgan Health, Corporate Control Management organizations within Corporate Functions. To be successful in this role, it is preferred to have knowledge and experience in Regulation W as well as have a background in either Risk Management or Audit practices.
Job Responsibilities
Serve as a primary point of contact for delivery of the Firm’s Compliance & Operational Risk Program specific to the Regulation W Horizontal, Corporate Responsibility and Control Management functions.
Provide Compliance and Operational Risk Management oversight and independent challenge of changes to business processes, risks and controls that result from industry, regulatory, business decisions and/or strategic initiatives.
Develop and present quarterly control committee materials.
Perform other independent assessment(s) leveraging the CCOR framework (e.g., annual Compliance Risk Assessments, Compliance and Operational Risk Summary, Material Risk Inventory, etc.).
Perform the independent challenge and review of Regulation W Compliance Risk Assessment inclusive of identifying firmwide substantive test activities.
Propose annual substantive testing activities to be executed by Testing Center of Excellence, and propose Targeted Reviews and other monitoring activities executed by team.
Analyze compliance and operational risks as it relates to business processes, and present challenge to the business as appropriate.
Provide guidance and advice to coverage areas on corporate policies, industry developments and rulemaking applicability to the function.
Work closely with first, second and third lines of defenses to strengthen the compliance and operational risk environment of the firm.
Assist in regulatory reviews and exams, audits, and other inquiries related to coverage activities.
Required qualifications, capabilities, and skills
Generally, 7+ years of experience in compliance, risk management, or audit within the financial services industry is expected. Specific experience with Regulation W is highly desirable.
Excellent written, verbal and communication skills, adjusting style of communication for a variety of situations and be able to defend your stance when challenging.
The candidate must be able to work in a fast paced environment, make decisions based on sound judgment, and utilize a well-maintained internal network of product and regulatory specialists as needed.
High proficiency in Microsoft Office Suite.
Work hybrid arrangement (3 days in office and 2 days work from home).
Preferred qualifications, capabilities, and skills
A bachelor's degree in finance, accounting, or a related field is preferred; master's degree or a Juris Doctor (JD) is a plus.
Experience interacting with regulators on exams is a plus.
Strong sense of accountability and ownership of responsibilities; self-motivated with ability to make independent decisions.
Intellectually curious, and comfortable challenging current practices.
Ability to foster relationships at all levels within the coverage area and associated control functions.
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