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Wealth Management (Private Bank) - Market Supervisory Manager - Vice President



Accounting & Finance, People & HR, Operations
Worcester, MA, USA
Posted on Thursday, July 11, 2024

Job Description

Seize the opportunity to join J.P. Morgan’s dynamic, fast-paced environment as a Vice President in Market Supervisory Management, supporting our Wealth Management (Private Bank) business in Hong Kong.

As a Vice President within the Wealth Management (Private Bank) - Market Supervisory Management team, you will be responsible for providing 1st level control and oversight of the investment business and working closely with a diverse group of employees across the firm. We will also be open to look to bring in candidates at the Associate level.

Job responsibilities

  • Escalate issues to senior management within all areas of the 1st, 2nd and 3rd lines of defense
  • Provide 1st level control and oversight of the investment business
  • Review and assess client trading activity and any potential suitability issues on a pre-execution basis
  • Conduct independent review and assessment of client suitability profiles based on data collected from clients and the front office
  • Review and assess investment concentration issues in client accounts
  • Review English and Chinese materials provided to clients to ensure they are appropriate and aligned to the clients investment objectives and needs
  • React to, manage and handle potential client situations e.g., trading errors
  • Attend front office meetings to provide relevant feedback and stay apprised of their current priorities
  • Perform change management in respect of changes in policies/procedures/ processes where these relate to investment activities e.g., implementation and training on enhanced suitability framework; new trading protocol; etc.
  • Manage audit coordination and liaison as required and operational risk reporting and investigation

Required qualifications, capabilities, and skills

  • Bachelor's degree in business, finance, or related field
  • Minimum of 10 years of experience with financial institutions in first line of defense oversight and control, supervisory risk and control or related functions
  • Strong and proven experience gained within financial institutions including monitoring experience
  • A self-motivated individual who is enthusiastic and has a keen interest in risk and control frameworks as well as the regulatory landscape
  • Excellent organizational skills and attention to detail, including the ability to manage multiple work-streams to tight deadlines and re-prioritise as required
  • Think like an owner with a business mind-set and able to deal with issues independently
  • A strong interest in and sound understanding of financial markets, products and wealth management
  • Strong communication and negotiation skills as the role will involve communicating with employees of varying levels, with diverse roles and different languages
  • Fluency in both verbal and written English and Chinese