Operational Risk Management (ORM) is part of Compliance, Conduct and Operational Risk (CCOR), within the Risk Management and Compliance organization. You will be responsible for the execution of the CCOR program, which consists of the second line of defense's responsibilities in managing the firm's compliance, conduct, and operational risk.
As an Operational Risk Manager, APAC Lead for Securities Services, Vice President within CCOR, you will help the firm grow its Securities Services business in a responsible way by anticipating new and emerging risks. Your expertise will be crucial in ensuring that the firm not only complies with regulatory requirements but also fosters a culture of risk awareness and proactive management. Moreover, you will play a pivotal role in crisis management, providing critical insights and leadership during times of operational stress. Your impact will influence not just the firm's risk profile, but also its reputation and long-term sustainability.
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Job responsibilities:
- Managing the APAC regional team of Securities Services Operational Risk Officers
- Assessing operational risk and control environments and raise issues for the first Line of Defence (LoD) to remediate where relevant. Assessments are done through quantitative and qualitative means including:
- Assessing periodic risk (at the legal entity and risk stripe levels)
- Reviewing performance against Key Performance Indicators
- Collaborating with the CCOR Testing team to test the effectiveness of controls
- Providing operational risk oversight in key governance forums including reviewing and challenging risks, processes and controls identified by the first LoD; escalate to regional committees and liaise with regulators as needed
- Engaging with the business to continually improve operational risk processes and business operating models, support safe business growth, and inform and influence risk-based decision making
- Understanding and assessing key and emerging operational risks for the business including staying abreast of industry news and regulatory developments to facilitate proactive risk identification and mitigation
Required qualifications, capabilities, and skills:
- Bachelor's Degree in finance or a related field with proven financial industry experience
- Minimum of 10 years' of experience with risk management, control management, product control, compliance or audit in the financial industry
- Experience of Custody, Fund Services, Wholesale Payments, Commercial Banking or other relevant wholesale financial services products
- Effective analytical and problem-solving skills, with the ability to break down complex business processes, analyze potential risks and think outside the box
- Ability and proven track record of providing constructive challenge to proactively identify operational risk
- Effective written and verbal communication and presentation skills with the ability to understand risks and their drivers and to form and explain articulate views including effective interaction with senior management
- Self-motivated with the ability to manage competing priorities, make independent decisions and work with limited supervision while exceling in a dynamic, demanding environment
- Proven history of developing strong teams
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
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.