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CIB Controls – Macro Trading Business Control Officer (BCO) – Associate

Req #: 170087814
Location: Singapore, 01, SG
Job Category: Operations
Potential Referral Amount: 8000 Singapore Dollar (SGD)

About J.P. Morgan Chase & Co.

 

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

 

About J.P. Morgan’s Corporate & Investment Bank & Macro Trading
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.   
Macro Trading is part of the Markets business and is a global market making business across Currencies, Rates and Commodities products. The APAC Macro Trading business is represented across 13 locations.
 
Department Summary:
 
­­The BCO team consists of skilled risk and control experts who act as trusted advisors to the business and are responsible for ensuring a strong and consistent control environment is deployed from front office to back office across the Macro Trading business in APAC.
 
Business Control Officers (BCO) are responsible for managing the end-to-end controls framework of each business in an efficient and robust way. Working closely with the business heads and the JPM groups supporting the business, BCOs will also help implement a best-in-class supervisory culture and ensure the policies of the firm and associated controls are appropriately executed
 
The Business Control Officers focus will also include:
  • Represent Front Office interests vis a vis control/regulatory initiatives
  • Execute and implement business controls priorities and strategy - drive control agenda at functional level across critical business unit risks
  • Front office supervisory management and execution
  • Control and Risk governance implementation and reporting
Responsibilities
 
Governance, Supervision and Oversight of Business Controls
 
Governance - In partnership with Business Executives, establish and drive business control forums, ensuring agenda and materials effectively cover critical business operating risk
 
Oversight of end- to-end Business Controls- In partnership with Business Executives and groups supporting the business, oversee and ensure that the Business’ end to end Control environment is operating as intended.
 
This includes
  • Review and implement key firm wide policies on behalf of the Business
  • Identify and remediate control gaps
  • Executing ad hoc / analytical requests / control deep dives/ projects
 Front Office supervision
  • Develop, review and implement Policies and procedures on Front Office Supervision
  • Develop, review and implement Supervisory tools
  • Facilitate the execution of various Supervisory attestations
Regulatory, Audits and Compliance Testing
  • Preparing the business for controls audits and testing as well as leading the coordination of business regulatory exams
  • Represent Front Office interests vis a vis control/regulatory initiatives
 
Execution of the Operational Risk Management Framework (ORMF)
 
The ORMF provides the framework for the identification, evaluation, measurement and monitoring of operational risk.
 
Key components include:
  • Annual Risk & Control Self Assessment process
  • Timely identification, escalation and recording of operational errors
  • Timely review of incidents with key stakeholders to agree on root causes and delivery of appropriate remedial actions
  • Minimum 4-7 years of Investment Banking or experience in finance sector
  • Good understanding of markets and trading  products
  • Good attention to details along with an open and investigative mind-set, able to see issues at both a high-level and in detail
  • Strong analytical, problem solving & process re-engineering skills
  • Strong team player with excellent communication, partnering and influencing skill
  • Good organizational skills, able to manage and prioritize multiple tasks
  • Highly motivated self-starter
  • Business degree or professional qualification
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