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Wealth Management - Asia Head of Testing and Oversight - Controls Management - Vice President/Executive Director

Req #: 170058539
Location: Hong Kong, Hong Kong, HK
Job Category: Asset Management
Potential Referral Amount: 0 Hong Kong Dollar (HKD)

Firm Introduction:

J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

An exciting opportunity has arisen for a Vice President / Executive Director to lead the Asia Market Control Officer team.

The Asia Head of Testing and Oversight is part of the Asia Controls Management team, and will be the head of the following two sub-teams: Oversight and Control (O&C) and Business Quality Assurance (BQA).  

 

You will also be an integral senior member of the Controls Management team and will play an important role in strengthening the overall governance of the organization. Further, you will develop subject matter expertise and accountability for the front to end control processes of significant risk themes across the Asia Private Bank  (ie. Suitability, Cross border etc).  This position requires significant knowledge and background in controls management, process improvement, issue management, and audit/exam preparation.

 

Responsibilities:

  • Accountability for the Oversight and Control Team, which is responsible for :

    • Overseeing the Business’ Risk and Control Self- Assessment process

    • Running the New Business Initiative Approval (NBIA) process

    • Assisting in the management of regulatory reviews and audit exams; reviewing  related Action Plans and issue close-out

    • Supervising end-to-end process reviews and ‘deep dive’ analyses as required

    • Providing guidance and training around controls, control substantiation and root cause analysis

  • Accountable for the Business Quality Assurance Team, which is responsible for:

    • Overseeing the testing and monitoring of business controls

    • Designing quality Management Information and presenting this in governance committees and fora

    • Ensuring that all findings are remediated in a timely fashion; pinpointing trending related to this and escalating it as appropriate

    • Overseeing ad hoc regulatory or audit-related remediation projects

  • Working with key business stakeholders, legal, risk, and compliance to identify, set and execute against business control priorities

  • Represent Market Control Officers in various control governance programs (ie. RCSA, NBIA etc)

  • Driving consistency and sustainability of controls across the region/locations

Qualifications

  • 10+ years of controls related experience and experience managing a diversified team

  • Understanding of wealth management business including associated products, services, regulatory/control requirements

  • Demonstrated success in partnering with multiple stakeholders and ability to work across cross-functional teams

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