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Asset & Wealth Management Risk - Global Trusts and Estates Risk Manager - Executive Director

Req #: 170111295
Location: New York, NY, US
Job Category: Asset Management
Potential Referral Amount: 0 US Dollar (USD)

JP Morgan Chase:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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 http://www.jpmorganchase.com/.

 

Our Firmwide Risk Function:

Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.

 

JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2 trillion, over 260,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking Commercial Banking, Consumer and Community Banking.  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. 

Our Global Trusts and Estates practice represents $165bn in assets and 26,000 accounts across the US, Delaware and International Trust Services (“ITS”), providing trustee and related fiduciary services to clients of J.P. Morgan Private Bank.

 

Our Team:

 

The Trusts and Estates Risk Management team is responsible for proactive management of financial, reputation, regulatory, fiduciary, and operational risks incurred by the Bank as a provider of services to its clients; ensuring an effective, risk-aware business environment in the Trusts and Estates practice.

Duties include, but are not limited to:

 

·         Serve as the US Trusts and Estates Risk Manager

·         Manage ITS and Delaware Trusts and Estates Risk Officers

·         Co-chair Trusts and Estates Oversight and Risk Committee

·         Partner with senior managers across Trusts and Estates (US, Delaware and Bahamas) in the practice and control functions

·         Participate in Trusts and Estates Business Committees

·         Review complex business activities;  providing guidance for mitigating associated risks

·         Review key risk indicators to identify trends or issues, including audit or regulatory developments and litigation

·         Material issue reporting for Risk Leadership (CRO scorecard, Credible Challenge)

·         Advise on significant new business initiatives (new trust products, exit of products)

·         Partner with Reputation Risk and Operational Risk to ensure proper oversight of Trusts and Estates practice

·         Consult on regulatory responses with Business, Compliance and Legal

·         Review results of internal audits, regulatory examinations and/or control issues

·         Interact with technology teams to improve risk monitoring tools and MIS

·         Develop and retain talent, including coaching and mentoring, providing ongoing performance feedback on a regular basis

·         Work on other ad hoc risk related projects as needed 

·         10+ years work experience in trusts and estates

·         Bachelor’s Degree required; JD or other advanced degree preferred

·         In-depth knowledge of all legal, tax and regulatory requirements applicable to fiduciary relationships

·         Technical knowledge of investments, tax, legal, and operations

·         Superior risk management, practical judgment and problem solving skills

·         Excellent communication and interpersonal skills and demonstrated ability to work collaboratively

·         Experience managing senior professionals

 

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