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Risk - Asset Wealth Management -Fiduciary and Suitability, Risk Executive Director

AT JPMorgan Chase
JPMorgan Chase

Risk - Asset Wealth Management -Fiduciary and Suitability, Risk Executive Director

New York, NY

Wealth Management Investment Risk & Analytics (IR&A) is responsible for review of Global Wealth Management business. IR&A's Client Risk team is responsible for review of the first line of defense investment fiduciary and suitability activities such as acting in the client's best interest and recommending products in alignment with a client's willingness to take risk and financial situation) within the Private Bank. This team provides risk review and deep-dive assessments of suitability and fiduciary activities, metrics, and control activities for JPM Wealth Management (JPMWM). You will work closely with other Risk Management colleagues, the Business, and key control functions including Legal, Compliance, Audit, and Control Management, to provide valuable assessment and feedback regarding suitability and fiduciary issues and emergent risks.

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Job summary

As a Fiduciary and Suitability Risk Director on the WM Investment Risk & Analytics (IR&A) Client Risk team you'll be responsible for review of the first line of defense investment fiduciary and suitability activities such as acting in the client's best interest and recommending products in alignment with a client's willingness to take risk and financial situation) within the Private Bank. This team provides risk review and deep-dive assessments of suitability and fiduciary activities, metrics, and control activities for JPM Wealth Management (JPMWM). You will work closely with other Risk Management colleagues, the business, and key control functions including Legal, Compliance, Audit, and Control Management, to provide valuable assessment and feedback regarding suitability and fiduciary issues and emergent risks.

Job responsibilities

  • Identify risk issues in the business, perform reviews to identify gaps, and recommend risk mitigation strategies and escalate issues/concerns accordingly.
  • Aid in performing fiduciary and suitability and fiduciary deep dives and other ad hoc projects
  • Represent Risk in working groups and/or meetings and review key risk issues, as appropriate
  • Participate in monthly meetings with global risk team members and senior risk management to discuss risk issues associated with suitability and fiduciary risk.
  • Engage in regular dialogue with the business, providing informed reviews to business and control partners, including legal and compliance to resolve outstanding Risk issues.
  • Produce ad hoc reports as needed and contribute to team projects to enhance risk reporting tools and dashboards;
  • Work across different risk functions, including the controls team and policy governance team to ensure documentation related to fiduciary and suitability are in line with firmwide standards,.

Required qualifications, capabilities, and skills

  • Bachelor's degree in finance, business, or economics is required or related field
  • 7+ years in financial risk management, in Asset Management, Wealth Management, or Private Banking, with experience overseeing Suitability and Fiduciary Risk.
  • Appreciate the value of teamwork and working in partnership with others to accomplish our goals
  • Use your knowledge to find answers to pressing problems and create workable solutions
  • Can handle many different tasks and demonstrate a willingness to take on responsibilities that might lay outside your area of expertise
  • Strong persuasive skills to work constructively with business partners.
  • Control mentality with a natural skepticism and ability to anticipate unforeseen consequences.
  • Self-starter with the ability to initiate, plan, execute, and manage projects.
  • Have strong verbal and written communication and presentation skills

Preferred qualifications, capabilities, and skills

  • Are inquisitive, with knowledge of data visualization tools (ex. Tableau) or programming (ex. Python) being an added advantage


ABOUT US

Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

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.

Equal Opportunity Employer/Disability/Veterans

ABOUT THE TEAM

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.

Client-provided location(s): New York, NY, USA
Job ID: JPMorgan-210570182
Employment Type: Full Time