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Asset Management- Oversight & Controls - Business Control Officer- Global Fixed Income, Currency & Commodities & Global Liquidity- Associate/VP

Req #: 170112439
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 (AM) 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’s (O&C) primary function is to ensure the LOB has a sustainable end to end control environment, to identify and escalate issues with a sense of urgency, to ensure issues are addressed appropriately and timely mitigation of control issues.  O&C works as part of the AM business to identify, understand end to end, and effectively manage our risks in our current environment as well as in new business initiatives.  O&C assists in immediate, real time critical control issues detection, escalation, root cause analysis, and remediation. In addition with partnering with the AM business, O&C partners with all other control functions – Compliance, Risk, Audit, and Legal.
 
This role is to act as a control officer within the US O&C team for the Global Fixed Income, Currency and Commodities (GFICC) and Global Liquidity (GL) areas playing a leading role in the identification measurement and management of the overall operational risks (including conduct risks), and the development and implementation of a consistent and disciplined control management framework to mitigate those risks.  The role will ensure practices are in compliance with relevant risk and control standards, policies and regulations to maintain an effective control environment. The role will be required to challenge the business and question existing controls to ensure the control environment remains robust and fit for purpose as well as being the central point of contact for any risk and control related issues related to the Global Fixed Income, Currency and Commodities (GFICC) and Global Liquidity (GL) areas.
 
The function forms part of the first line of defense and is responsible for ensuring the LOB has a sustainable end to end control environment, to identify and escalate issues with a sense of urgency, to ensure issues are addressed appropriately and timely mitigation of control issues.
 
Key areas of focus to support this effort will include:
 
  • Office of Legal Obligations (OLO) – assist Global Finance & Business Management (GF&BM) to identify and map procedures that demonstrate compliance with obligation & partner with broader Assessment Team members including Legal, Compliance, and Risk, to complete procedure sufficiency analysis.
     
  • Regulatory and audit exam management – support regulatory and audit requests and issue tracking and resolution; compilation of presentations to facilitate credible challenge process with respect to actions taken to address regulatory issues.
     
  • Risk control self assessments (RCSA) – GFICC program support and validation: 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.
     
  • Error resolution and management – support GFICC BMs globally to perform root cause analysis and recommend remediation proposals to avoid reoccurrence
     
  • Collaboration - support GFICC BMs globally with any control related issues and responsibilities

 

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  • Preferred background/experience:
    • Knowledge of Fixed Income markets, products and processes
    • 3-6 years controls management, legal and compliance, management consulting, or equivalent experience in complex financial enterprises; knowledge of asset management businesses, risk & controls  preferred
    • 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)
    • The ideal candidate will have experience reviewing, writing or advising on policies and procedures
  • Creative problem solving skills – ability to approach an issue/initiative with a pragmatic, commercially reasonable approach to achieve desired outcomes
  • Strong analytical capabilities, ability to synthesize data sets and identify key themes, propose solutions and able to map processes
  • Strong communication skills both verbal and written, attention to detail and ability to target a wide range of audiences with credibility
  • Excellent interpersonal skills with the ability to successfully engage and influence a broad range of individuals across various businesses and key support functions
  • Outstanding teamwork and interpersonal skills who can integrate effectively within a fast moving, driven team
  • Self-starter with the ability to think creatively and laterally
  • Attention to detail with logical thought process
  • Ability to influence others and successfully navigate a complex internal infrastructure that involves numerous groups and individuals to get things done
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