Great opportunity to form part of the Luxembourg location Securities Services Compliance team and support regional and global compliance initiatives, wherein you will be having strong interaction with regional teams across the compliance framework, Regulatory Management and advisory teams to support consistency and ensure local considerations are adequately covered. For that you need to possess a strong regulatory and compliance background to advise on core compliance obligations within the European regulatory framework. You will report to the head of JPMSE - Luxembourg Branch Corporate & Investment Banking (CIB) Compliance Advisory
As a Securities Services Compliance Vice President in the Securities Services Compliance team you will form part of the J.P. Morgan SE - Luxembourg Branch CIB, Securities Services Compliance team as well as support regional and global compliance initiatives and programs within the CIB Securities Services line of business and within the entity as necessary. The role will include line of business advisory cover for Securities Services personnel in Luxembourg. The role will also include involvement in work associated with regulatory interaction associated with Securities Services, the delivery of specific responses to supervisory bodies and involvement of any relevant examination or deep dive activities, notably with the external auditors, CSSF or ECB.
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Job Responsibilities
- Provide Compliance advice to support the Securities Services business in particular but not limited to EU regulation and banking requirements covering governance, outsourcing, review of new products, conflicts and fiduciary risk;
- Partner with Regional and Global Compliance to ensure consistency and leverage best practices for the Securities Services business;
- Keep abreast of regulatory and legislative changes (e.g. CSSF Circulars, MiFID, UCITS, AIFMD, SFDR, GDPR etc.,) and provide advice to enable the business to implement changes and operate in a compliant and controlled manner;
- Review regulations and related regulatory mapping analyses, and work with divisional partners to advise the relevant owners on the development of policies and procedures within the legal entity and across other group legal entities as necessary;
- Develop close working relationships within the bank and line business to engender a culture of compliance within the business;
- Contribute to the performance of Compliance risk assessment, testing and monitoring program, and new business regulatory reviews and where necessary coordinate within the legal entity and across other group legal entities as necessary;
- Take a supporting role in day-to-day Securities Services communications with regulators, supporting Regulatory Management and when needed act as the lead SME for the Securities Services LOB on relevant external audits, regulatory examinations, reviews, information requests or other specific deliverables;
Required qualifications, capabilities, and skills
- Strong background and experience in a banking or risk management environment, or financial services from a legal or regulatory perspective;
- Ability to consistently deliver high quality results on the local and firm-wide Compliance program;
- Team player with strong interpersonal and influencing skill. Self-motivated, positive professional and can-do attitude;
- Strong judgement and an ability to think, plan and execute on multiple projects simultaneously in an organized manner, prioritize, work under pressure and meet tight deadlines;
- Evidence of working on the delivery of projects or implementing process change required
- University Graduate;
- Strong command of English language skills;
Preferred qualifications, capabilities , and skills
- Good knowledge of key financial services regulation and EU regulations e.g. . UCITS, AIFMD, MiFID, and relevant CSSF implementation circulars.
- Previous experience in dealing with and maintaining relationships with the CSSF, ECB or European or Global regulators within a large and complex financial services firm or experience working at a relevant regulator;
- French and/or German language skills beneficial.
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.
Our Compliance teams work globally across all lines of business to advise internal stakeholders on the impact of regulatory requirements and how to balance these with the firm's needs. Their diverse mandate means they also provide input on new business strategies, product lines, policies, training, operational processes, risk mitigation and control.