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Compliance Practices - Control Officer - Associate

Req #: 170109057
Location: New York, NY, US
Job Category: Compliance
Potential Referral Amount: 0 US Dollar (USD)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
  
Global Compliance plays a critical role in the successful execution of the firm’s compliance mission.  The Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining program infrastructure that identifies measures and monitors adherence with applicable laws, regulations and rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risk and, monitor and test the adequacy of the firm’s compliance control environment.
 
This role is situated within the Compliance Programs & Controls Control Officer Team which includes Global Compliance Practices, Global Information Management, and Common Controls.  This position will support the effective and consistent implementation of Compliance’s Risk and Controls framework, including but not limited to Risk & Control Self-Assessment (RCSA) and Issues Management across the above areas.  This role will require significant analysis of current processes and controls, as well as the formulation of suggestions on how to improve the current control framework. 
 
Specifically, this position works in conjunction with Compliance Control Officers across the globe to partner with Practice Leads, senior members of Oversight & Control, Compliance Officers, program managers and other functional support groups (IT and IT Risk, Operational Risk Oversight, Compliance, Finance, and Audit) to support the development and implementation of a consistent approach to the management of controls across Compliance. The general objective is to ensure risks are appropriately identified, escalated, and remediated
 
Responsibilities:
  • Assist with process mapping and risk and control identification sessions held within the business to support development, and periodic confirmation of the adequacy of scope and content of horizontal RCSAs.  Visio skills are desirable.
  • Perform review / examine current processes to identify and quantify inherent risks and to evaluate existing controls, proposing enhancements where appropriate.
  • Assist with the coordination of Executive Risk Reviews and Bottoms-Up Process Mapping sessions designed to proactively identify, assess and prioritize risks
  • Assist with the maintenance of the FORCE System
  • Develop PARCS and detailed test scripts for the 7 Compliance Practices to be used by the Practice Leads and by each Compliance reporting area, to test associated controls are working effectively. Where deficiencies are identified, will raise issues and action plans and ensure that they are progressed and closed as planned and that remediation is sustainable
  • Partners with colleagues across the immediate team and across Compliance to help drive a culture of risk awareness and proactive risk identification and assessment of horizontal risks within the business
  • Develop positive working relationships with other Compliance Controls Team members and other business partners to maintain an open environment for collaboration, risk identification, and remediation
  • Maintain awareness of significant changes impacting Compliance, both internally and externally, and ensure appropriate actions to mitigate risk and modify/expand control the RCSA and other control activities
  • Participate in various committees and meetings related to operational risk and control matters
  • Participate in other operational risk and control projects or initiatives as assigned
  • Develop and maintain RCSA-related reporting, including status reports and presentations for management
  • Bachelor’s degree required
  • Strong data analytic skills / experience required
  • Project management experience desired
  • 2+ years of experience in business or IT risk and control identification, analysis, assessment, and ranking
  • Strong knowledge of risk management and internal control principles required
  • Visio process mapping skills a plus
  • Ability to work in a matrix environment, provide oversight and directly influence change
  • Knowledge of Financial Services and operational processes desired
  • Minimum of 2 years of Compliance, Legal, or Audit roles desired. Certifications preferred
  • Ability to collaborate with business and functional experts to provide risk assessment guidance and direction, and to recognize risks, control gaps and design enhancements
  • Strong organizational and multi-tasking skills with demonstrated ability to manage expectations and deliver results
  • High level of professionalism, self-motivation, and sense of urgency
  • Strong team player
  • Self-starter and ability to work independently
  • Must be flexible and able to quickly adapt to change
  • Excellent communication skills (written and verbal) required
  • Proficiency in Microsoft Excel, Visio, MS Project and PowerPoint required
  • Proficiency in FORCE desired
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