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CIB Controls - Equity Business Control Officer (BCO) – Associate

Req #: 180007659
Location: Hong Kong, , HK
Job Category: Operations
Potential Referral Amount: 40000 Hong Kong Dollar (HKD)

About J.P. Morgan Chase & Co.

 

J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of J.P. Morgan Chase & Co. (NYSE: JPM), a global financial services firm with assets of $2.0 trillion.

 

Equity Markets Business Control Officer

 

J .P. Morgan’s Equity Trading Group offers clients a comprehensive set of market-making, structuring and risk management capabilities across the full spectrum of equity asset classes. 

 

The Equity Trading Business Control Officer (‘BCO’) will be dedicated to the Asia Pacific Equity Trading business. This job will be based in Hong Kong and will cover all countries with an Equities presence in the region.  The BCO’s objective is to help the business manage its regulatory obligations, conduct and operational risk and supervisory requirements. Specifically, the BCO team manages various aspects of the end to end control environment spanning business execution, credit risk, market risk, model risk valuation controls, operations and finance.   BCO’s mandate is a key role for the business in the increasingly complex and demanding global regulatory environment.

 

The Global Equity Trading BCO team is part of a wider Markets BCO team which reports into the Markets BCO. The successful candidate will be a trusted advisor on regulatory, operational risk and control matters to the Asia Pacific Equities Trading Business - Duties of this role include:

  • Serving as trusted  control advisor to the Front Office including prepping it for examinations and audits
  • In conjunction with legal, compliance and other functions, representing  Front Office interests vis a vis control/regulatory initiatives
  • Execution and implementation of business controls , risk governance and reporting priorities and strategy
  • Control representative in control fora
  • Identification, documentation and  remediation of control gaps, risk assessment and root cause issue analysis
  • In connection with all activities, improvement of the “user experience” for all stakeholders and partners, i.e., focus in enhancing  transparency, efficiency and simplicity of control processes
  • Front Office supervision management and execution
    • Front office supervisory tool development
    •  Front Office supervision and oversight including exception management
    • Supervisory attestations
    • Policy development, review and implementation
    • Operating procedures documentation and implementation
    • Pre trade, and in certain cases, post trade surveillance

 Requirements:

 

The Role requires establishment of strong relationships with the Front Office and a deep understanding of the business, its control challenges, its architecture and products.  The candidate should be interested in working in a fast-paced and dynamic environment, participating in key initiatives and becoming involved in a diverse set of issues that will have a direct impact on the organization

  • Previous experience in a trading, middle office, audit, operational risk or compliance function

  • Understanding of Equity products and markets

  • Understanding of the end to end product life cycle for Equities

  • Highly motivated, energetic self-starter who takes ownership

  • Strong  organizational skills - manages and prioritizes multiple tasks across different time horizons within deadlines

  • Strong  understanding of controls and their application to different processes and businesses

  • Strong analytical, problem solving  and  process re-engineering skills

  • Excellent Excel, Word, PowerPoint skills  

  • Excellent verbal and written communication skills

  • Strong team player with excellent partnering and influencing skills

  • University degree

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