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Compliance Risk Management Lead - Platform Modernization

JPMorgan Chase & Co.

JPMorgan Chase & Co.

Legal
London, UK
Posted on Monday, June 3, 2024

Job Description

The Compliance function ensures the development and maintenance of a strong compliance culture by identifying and interpreting relevant regulatory rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit program infrastructure that identifies, measures, and monitors compliance with applicable laws, regulations and functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm's compliance control environment. The London Branch Compliance team along with other Compliance colleagues has the responsibility for oversight of the consistent implementation of Global policies and practices whilst ensuring regional and country nuances are adopted to consider local law and regulation.

As a Private Banking Compliance Risk Management Lead within Compliance Team, you will report to the Branch Compliance lead. You will be the Compliance Risk Management Lead responsible for providing Compliance oversight of select areas of the International Private Bank businesses with a primary focus on supporting the multi-year Platform Modernization (PMoD) initiative within International Private Bank EMEA.

You will have a primary focus in providing Compliance coverage of the PMoD programme across International Private Bank (EMEA). You will join a dynamic team of Compliance professionals, building positive business stakeholder engagement and promoting a strong operational risk management culture, to ensure that the Firm’s Compliance, Conduct and Operational Risk Management Framework is implemented effectively.

Job Responsibilities

  • Represents Compliance within the PMod program, assessing the compliance and regulatory risk impact of key changes to the broader business, influencing risk-based decisions, challenging the proposed control environment, and providing recommendations and guidance on Compliance policies to the initiatives.
  • Identifies the need for and after identifying coordinate the Compliance review of PMoD driven business and operating model led changes to determine impacts to PMoD Program across various Compliance Subject Matter Experts.
  • Partners with Regional and Global Compliance function to check for consistency and leverage best practices for the PB line of business.
  • Provides advice on the application of new and existing UK (including FCA) and EEA (including MiFID II) regulation on with respect of business and operating model changes as a result of PMoD.
  • Conducts discovery reviews of areas of emerging risk arising from PMoD to identify issues for the business to remediate, documenting outcomes and sharing results with stakeholders.
  • Contributes to the performance of the Compliance risk assessment, testing and monitoring program, and new business regulatory reviews and where necessary coordinate within the legal entity and across other group legal entities as necessary.
  • Engages with global horizontal risk programs (e.g., Cross Border and Data Risk Management) to ensure that business practices remain in line with firmwide changes, to define relevant monitoring & testing activities; and
  • Prepares materials for regional and global forums to promote business awareness of the outcomes of Compliance activities, and support engagement in regulatory deliverables.

Required qualifications, capabilities, and skills

  • Strong background and compliance or regulatory risk management experience in large complex programmes within banking environment.
  • Good knowledge of key financial services regulation and EU and UK regulations (e.g., CRD IV, MiFID, MiFIR, Consumer Duty, COBS and Payment Services) in particular their impact on Private Banking products and services.
  • Previous experience in dealing with European or Global regulators within a large and complex financial services firm or experience working at a relevant regulator.
  • Ability to think, plan and execute on multiple projects simultaneously in an organized manner, prioritize, work under pressure and meet tight deadlines.
  • Ability to multi-task, prioritize and thrive in a fast-paced and evolving environment.
  • Ability to deliver amidst continuous change and in an agile work environment.
  • In-depth knowledge of a full range of PB products and services, including FX and securities, banking products (e.g., Mortgages), derivatives, structured products, investment funds (including Hedge Funds and Private Equity), brokerage, investment management and payment services their purpose, target clients, specific relevant risks, deal/trade/process flow and settlement;
  • Ability to consistently deliver high quality results on the local and firm-wide Compliance program.
  • Strong team player with good interpersonal and negotiating / influencing skills.
  • Self-motivated individual who is eager to learn more about the financial markets and regulation.
  • Ability to summarize complex topics concisely and drive practical outcomes.

Preferred qualifications, capabilities, and skills

  • Digital products experience & knowledge of emerging technology trends (Cloud, AI/ML, Large Language Models) would be a plus.
  • Strong command of English language skills combined with German/ French language skills preferred.