Wealth Management – Luxembourg Business Controls Management: Market Aligned Controls - VP

JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2.4 trillion, over 250,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking, Commercial Banking and Consumer and Community Banking. 

J.P. Morgan Asset & Wealth Management advises institutions, endowments, foundations and families through Asset Management and Wealth Management. Our Wealth Management business includes J.P. Morgan Private Bank, J.P. Morgan Securities and Chase Wealth Management.

Market Aligned Controls – VP - Private Bank – Wealth Management

Group Description

Within Wealth Management, the Global Controls Management (GCM) organisation’s primary function is to (i) ensure a sustainable and disciplined end-to-end control environment for WM; (ii) identify and escalate issues with a sense of urgency; and, (iii) partner with the business to ensure timely remediation of issues. 

Global Controls Management works in partnership with the business, as the first line of defence. The team assists in immediate, real time critical control issue detection, escalation.

The Market Aligned Controls team

The Market Aligned Controls is made up of the supervisory management ‘SM’ team and the discretionary account control team ‘DACT’. As part of the focus on future state Legal Entity strategy and booking model in the EMEA region forecast to be effective in 2019 , we are looking to hire market aligned controller who will initially be based in London with a view to move to Luxembourg to support Wealth Management activities.

Core Accountabilities

• Provide 1^st level control and oversight of the investment business
• Review and assess client trading activity and any potential suitability issues on a pre-execution basis
• Review and approval all investment parameters and ensure ongoing adherence to the mandate.
• 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 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 or client complaints
• Attend front office meetings to provide relevant feedback and stay apprised of their current priorities
• Escalate issues to senior management in the Business and Risk Management
• 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
• Audit coordination and liaison as required
• Operational Risk reporting and investigation

Qualifications and Key Skills

• We are looking for a self-motivated individual who is enthusiastic, composed and has a business mindset.  

• The successful candidate will demonstrate strong organisational skills, and will be able to deal with issues independently. They will be able to operate to tight deadlines and re-prioritise as required. Given that the role will involve communicating with employees of varying levels and backgrounds, with diverse roles and different native languages, the individual will need strong communication and negotiation skills.  

• A strong interest and sound understanding in financial markets, products and wealth management is a prerequisite for any potential candidate. 

• The ideal candidate will have relevant experience within a financial institution and will be a fluent English and French speaker. Other languages would be a bonus.

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.