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Asset Management - Oversight & Controls - Control Officer- Analyst/Associate-

Req #: 170046184
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 $2.5 trillion and assets under management of $1.8 trillion, we are one of the largest asset and wealth managers in the world. (Assets as of Dec. 31, 2016)
 
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.
 
Oversight and Control (O&C) O&C, in partnership with the business and control functions, works to implement and/or strengthen the framework to consistently, quickly and sustainably manage control issues. The team consists of skilled risk and control experts who provide in business challenge and advice to enhance and enable robust controls. The unique position of Oversight & Control provides an end to end view of business activities allowing the team to better identify root cause and deliver better quality solutions as a result. Team is able to conduct cross functional control reviews and root cause analysis to identify overall enhancements to processes and procedures
 
Role Description
The Control Specialist is a key, broad based role within the AM O&C team.  The Control Specialist will support the activities of Business and Regional Control Officers on various control related activities and initiatives with local, global and Firm wide implications.  Key areas of focus to support this effort will include:
 
  • Risk control self assessments (RCSA) – AM program support including: data analysis, stakeholder communications, execution of enhancements to Conflicts of Interest and Fiduciary Frameworks, and presentations to facilitate RCSA process; respond to RCSA program information requests; business support including evidence collection and guidance on testing instructions
 
  • Issue management and resolution – compilation and analysis of control issues; review action plans for relevance and quality; actively track status of action plans coming due and escalate concerns as needed.
     
  • Regulatory and audit exam management – support regulatory requests and issue tracking and resolution; compilation of presentations to facilitate credible challenge process with respect to actions taken to address regulatory issues.  
     
  • New business initiative evaluation and approvals – program administration for activities in the region; create meeting agendas and materials for NBIA meetings; coordination and partnership with Business Control Officers and initiative sponsors to ensure quality submissions that meet NBIA program approvals; track, report and resolve outstanding items (e.g., post-implementation reviews).
     
  • Error resolution and management – support Control Officers to remediate and perform/document root cause analysis, report errors to governance forums.
     
  • Controls metrics and reporting – coordinate with Control Officers to create/publish control reports to management and risk/control committees, as applicable.
     
  • Office of Legal Obligations (OLO) –Partner with business to identify/map procedures that demonstrate compliance with obligation & partner with broader Assessment Team members including Legal, Compliance, Risk, and Business to complete procedure sufficiency analysis

-          Preferred background/experience:

o   4+ years controls management, legal and compliance, management consulting, or equivalent experience in complex financial enterprises; knowledge of asset management businesses, risk & controls  preferred

o   Knowledge/experience within the asset management industry – products and services offered, distribution channels and asset classes (fixed income, equities, derivatives)

o   Knowledge of laws, rules and regulations applicable to asset management businesses (for candidates in the U.S. this would include, for example, the Investment Advisers Act, the Investment Company Act or OCC Regulations applicable to fiduciary activities) 

o   The ideal candidate will have experience reviewing, writing or advising on policies and procedures

-          Strong analytical capabilities, ability to synthesize data sets and identify key themes, propose solutions (comfortable working from a top down and bottom up perspective)

-          Strong verbal and written communication skills

-          Creative problem solving skills – ability to approach an issue/initiative with a pragmatic, commercially reasonable approach to achieve desired outcomes

-          Exceptional communication skills both verbal and written, attention to detail and ability to target a wide range of audiences with credibility

-          Flexible, with the ability to manage multiple and shifting priorities in a dynamic work environment

-          Strong collaboration, partnership and influencing skills, ability to effectively contribute to a team

-          Possesses a sense of urgency, intellectual curiosity and resourcefulness

-          Ability to directly address/identify conflict and obstacles and escalate as appropriate

-          Preferred background/experience:

o   5-8 years controls management, legal and compliance, management consulting, or equivalent experience in complex financial enterprises; knowledge of asset management businesses, risk & controls  preferred

o   Knowledge/experience within the asset management industry – products and services offered, distribution channels and asset classes (fixed income, equities, derivatives)

o   Knowledge of laws, rules and regulations applicable to asset management businesses (for candidates in the U.S. this would include, for example, the Investment Advisers Act, the Investment Company Act or OCC Regulations applicable to fiduciary activities) 

o   The ideal candidate will have experience reviewing, writing or advising on policies and procedures

-          Strong analytical capabilities, ability to synthesize data sets and identify key themes, propose solutions (comfortable working from a top down and bottom up perspective)

-          Strong verbal and written communication skills

-          Creative problem solving skills – ability to approach an issue/initiative with a pragmatic, commercially reasonable approach to achieve desired outcomes

-          Exceptional communication skills both verbal and written, attention to detail and ability to target a wide range of audiences with credibility

-          Flexible, with the ability to manage multiple and shifting priorities in a dynamic work environment

-          Strong collaboration, partnership and influencing skills, ability to effectively contribute to a team

-          Possesses a sense of urgency, intellectual curiosity and resourcefulness

-          Ability to directly address/identify conflict and obstacles and escalate as appropriate


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