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CIB Oversight & Controls - GIB Business Control Officer - VP - New York

Req #: 180012492
Location: New York, NY, US
Job Category: Operations
Job Description:

Corporate & Investment Bank - Oversight and Controls Office

Vice President:  Business Control Officer

JP Morgan’s Oversight and Control Group are responsible for setting standards and providing the tools and infrastructure that ensures the Corporate and Investment Bank has a seamless front to back control environment deployed in the management and mitigation of the Business’s inherent operating risks.


The Business Control Officer (‘BCO’) will report to the Regional BCO lead for the Global Investment and Corporate Banking Business (GIB/GCB) and will be responsible for overseeing the control environment for the GIB/GCB Business (Coverage, Mergers & Acquisitions, Equity and Debt Capital Markets Origination). The BCO will partner with the Legal, Compliance, Risk, Technology, Operations and Audit functions aligned to and supporting GIB and GCB.


The BCO will work with the lead BCOs and the wider business and partners to establish governance and systems that identify, quantify, manage and monitor risk at the most granular level and establish risk tolerances and risk management procedures and tools in consultation with the business and relevant partners. The BCO will support the oversight of the end to end system of controls that mitigate risk and drive a program through active engagement, thematic reviews, risk analysis and control deep dives that continuously manages and reduces the Business’s residual risk profile.


On a day to day basis the BCO will be responsible for:

  1. GIB/GCB Business key control monitoring:
    • Provide guidance and support execution for the identification, assessment and monitoring of risk at business level
    • Review, challenge and test existing controls
    • Support the control agenda for GIB and GCB
    • Maintain risk and control documentation
  1. Governance and Analysis
  • Produce, present and maintain materials which provide clear insight and analysis into the current risk issues and trends relevant to the business
  • Conduct deep dive of errors and risk events to ensure all control gaps are highlighted and appropriate actions taken
  • Work with business and support partners to develop and implement appropriate action plans
  • Leverage metrics and analysis to determine current status and support lead BCO’s in determination and implementation of Control Risk.
  • Cross-regional and Cross-LOB inherent / residual risk and control benchmarking & results analysis
  1. LOB controls oversight and governance
  • Support critical business control forums and processes (in conjunction with business), and enable lead BCO to drive agenda to ensure forums and processes effectively cover critical operating and business risk
  • Co-ordinate RCSA process, including testing, for GIB and GCB business

Role Requirements

Must Haves
  • VP
  • Minimum of 5 years Investment Banking experience in CAO, Corporate or Operations or in risk and control functions.
  • Advanced MS Excel and MS PowerPoint ability
  • Strong Business Analysis skills
  • Experience with data mining and analysis
  • Strong technical knowledge and ability.
  • Excellent written and verbal communications skills; comfortable interacting with cross-LOB partners
  • Good influencing skills
  • Good Project Management skills
  • Self-starter, independent worker, and ability to multitask
  • Excellent organizational and follow through skills; detail oriented

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