Are you keen to develop a deep understanding of Front Office processes and the related risks and controls? Great, because you will interact with the related support functions' processes and ensuring the right governance exists to understand issues and problem areas, with escalation of material themes to the relevant business and operational risk stakeholders.
As an EMEA Equities Prime Financial Services Front Office - Business Control Manager - Vice President in the Controls team you will be responsible as the EMEA lead within a global team for leading and building out an enhanced control framework which supports a continuous and integrated approach to risk assessment. Additionally, you will ensure the team assists in top-down risk analysis, real time control issue detection, escalation, root cause analysis and remediation. You will be directly responsible for liaising with Desk Heads/Supervisors within Prime Financial Services across EMEA, and you will be expected to represent the Business which will include collaborating with various functions across 1LOD/2LOD/3LOD, namely Technology, Compliance, Conduct and Operational Risk (CCOR), Qualitative Research (QR), Market Risk, Operational Risk, Credit Risk, Operations, Audit, and Legal. The role covers a variety of desks within the Prime Financial Services business including Cash and Synthetic Prime Brokerage (including single name, custom basket and index delta one swaps), Securities Borrowing and Lending, Futures and Derivatives Clearing, FX Prime Brokerage, Exchange Traded Fund creation and redemption, and house financing trading. The role based in London is part of a global team whose members are considered key partners of the business.
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Job responsibilities:
- Serve as a trusted operational risk and control advisor to the Front Office including preparing it for examinations and audits
- Liaise with other functions, representing the Front Office interest's vis-a-vis control/regulatory initiatives
- Timely review of operational risk incidents with key stakeholders to agree on root causes and delivery of appropriate control deep dives and remedial actions
- Own and ensure delivery of strategic control initiatives, working alongside other control teams on broader Equities or Markets wide programmes
- Provide oversight, review and execution of ad hoc / analytical requests /control deep dives / business projects / business resiliency
- Review action plans from CORE ensuring material risks are properly mitigated and validate execution and closure
- Facilitate the execution of various Supervisory controls, attestations and exception management
- Lead development, review and implementation of Policies and Procedures on Front Office Supervision
- Steer Local and Global agendas, working with regional Business Control partners
Required qualifications, capabilities and skills:
- Couple of years previous experience in Operational Risk / Controls, Business Management, Middle Office, Risk, Finance, Audit or a Compliance function
- An understanding of vanilla Equity derivatives
- An understanding of the end to end product life cycle for Prime Brokerage and Futures and Derivatives Clearing trades
- Strong personality, able to work with senior business management, guiding and challenging as appropriate
- Good organizational skills - manages & prioritizes multiple tasks across different time horizons within deadlines
- A good and commercial understanding of controls and how to apply them to different processes and businesses
- Investigative mindset, able to see issues at both a high-level and in detail, and understand applicability across the business
- Strong analytical, problem solving & process re-engineering skills
- Good judgment, maturity and poise to enable interaction / influencing of senior management
ABOUT US
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
ABOUT THE TEAM
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Control Management maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk. The team focuses on four areas: Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.