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Asset & Wealth Management | Oversight & Control | AWM RCSA Quality and Control Testing Team Lead - VP

Req #: 180020586
Location: New York, NY, US
Job Category: Asset Management
Potential Referral Amount: 0 US Dollar (USD)

J.P. Morgan is a global leader in asset and wealth management services. The Asset & Wealth Management line of business serves institutional, ultra high net worth, high net worth and individual clients through its Asset Management and Wealth Management businesses. With client assets of $2.8 trillion and assets under management of $2.0 trillion, we are one of the largest asset and wealth managers in the world. (Assets as of Dec. 31, 2017.)

 

Asset Management

J.P. Morgan Asset Management is a leading investment manager of choice for institutions, financial intermediaries and individual investors, worldwide. With a heritage of more than two centuries, a broad range of core and alternative strategies, and investment professionals operating in every major world market, we offer investment experience and insight that few other firms can match.

  • A clear focus on managing client assets and delivering strong risk-adjusted returns
  • More than 1,200 investment professionals providing strategies spanning the full spectrum of asset classes, including equity, fixed income, cash liquidity, currency, real estate, hedge funds and private equity
  • Leadership positions in the U.S., U.K., Continental Europe, Asia, and Japan

J.P. Morgan Asset Management is the marketing name for the investment management businesses of JPMorgan Chase & Co. and its affiliates worldwide.

 

J.P. Morgan Asset and Wealth Management (AWM) is seeking talented candidates for a position as a Risk & Control Self-Assessment (RCSA) Quality Control & Testing Team Lead – Vice President, based in Manhattan, NY.  This position will lead a team of 4 staff responsible for RCSA related Quality Control and Centralized Control Testing.

 

Oversight and Control (O&C) is a first line of defense function that works in partnership with the business and control functions and works to implement and/or strengthen the controls framework to consistently, quickly, and sustainably manage control issues.

 

The Team Lead will manage a staff of individuals responsible for ensuring overall Quality Control for RCSA-related data through a defined testing program that includes verifying business adherence to corporate standards and requirements.  This individual will also play a key role in developing a quality control group, which over time will look to migrate certain controls to a centralized testing model with a goal of improving the quality of test results and achieving efficiency in the resources required for testing.  The goal for this team will be to instill standardization, efficiency and consistency of approach and provide an independent view of the control environment.

 

In addition, the AM RCSA Quality Control & Testing Team Lead will be responsible for all RCSA related quality control metrics and for presenting quality control testing results to management and for educating staff on adherence to RCSA standards and procedures.  This role will be expected to work in close partnership with other Line of Business or Function Central Quality Control and Testing teams to ensure a best in class Quality Control and Centralized Testing model. 

Responsibilities include but are not limited to the following:

  • Manage staff responsible for Quality Control reviews of RCSA related data and adherence to standards

  • Ensure appropriate cross training of team members to ensure appropriate coverage at all times

  • Develop Quality Control testing program and methodology

  • Establish reporting to track Quality Control testing progress and present testing results to management

  • Establish an appropriate mechanism or forum for highlighting areas of non-compliance with procedures or standards

  • Educate staff on improving overall compliance to standards and drive improvement of testing results

  • Develop a methodology and tool for storage of all work products

  • Undertake ongoing consistency checks that highlight outliers 

  • Instill consistent application of RCSA related criteria across the AM business

  • Manage relationships with internal partners such as Operational Risk, Audit, Compliance, and Legal

  • Maintain excellent working knowledge of audit, risk, and operational risk management concepts, as well as the ability to understand and interpret the impact of decisions and identify potential problem areas

  • Help design and communicate necessary system enhancements to management and / or technology

  • 5-7+ years controls testing/ controls management, operational risk, audit or Big 4/ consulting experience
  • 3 years of experience managing staff resources
  • Strong communication and project management skills; experience driving complex projects to a wide variety of stakeholders
  • Careful attention to detail, with keen ability to quality check own work and the work of others
  • Strong collaboration, partnership, and influencing skills
  • Flexible, with the ability to manage multiple and shifting priorities in a dynamic work environment
  • Creative problem solving skills – ability to approach an issue/initiative with an innovative yet pragmatic, commercially reasonable approach to achieve desired outcomes
  • Knowledge/experience within the asset management industry – products and services offered, distribution channels and asset classes (fixed income, equities, derivatives) would be preferred
  • Experience with Risk Control & Self-Assessment processes preferred
  • Possess a sense of urgency and resourcefulness with strong ability to anticipate issues and a passion for driving best practices
  • Ability to directly address/identify conflict and obstacles and escalate as appropriate
  • Bachelor’s degree required
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