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CIB Risk – Asia Pacific Custody and Fund Services Product Risk Manager – Vice President - Hong Kong

Req #: 180012757
Location: Hong Kong, , HK
Job Category: Accounting/Finance/Audit/Risk
Job Description:

JP Morgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.

 

Our Firmwide Risk Function

Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals brings and embracing an inclusive environment.

 

Responsibilities
The Custody & Fund Services (CFS) Asia Pacific Product Risk Management team is responsible for independently, holistically, and proactively identifying, assessing and managing operational, control, fiduciary, reputational, and regulatory risks across IS.

The risk manager in this position will be based in Hong Kong and will have the following responsibilities overseeing operational, control, fiduciary, reputational, and regulatory risks across a range of Custody & Fund Services products including Global Custody, Fund Services, Agency Lending, Collateral Management and Depositary Receipts:

  • Act as point of expertise for product risk, advising business partners and other functional groups, on emerging and key risk trends, fiduciary issues, product strategy, deals , risk appetite and tolerance
  • To conduct regular risk reviews on the Custody and Fund Services businesses in APAC identifying key risks and mitigation measures. Participate / drive key firm wide risk initiatives
  • Develop, maintain, and review Product Risk Policies, monitoring implementation and on-going compliance.
  • In crisis scenarios, independently assess business processes (e.g. playbooks), highlight risk scenarios / recommend solutions and monitor MIS (exposure reports), proactively manage risks resulting from existing or potential market events.
  • Provide independent risk oversight in key governance forums , including Business Control Committees, Transaction Approval Committees
  • Product specialists acting in advisory capacity to Credit, Country and Operational Risk teams
  • Provide Risk Management oversight and independent challenge of changes to core processes that result from industry regulatory and/or business decisions and strategic initiatives.
  • Conduct reviews on new business initiatives, new service/product capabilities and new proposals (or changes) to location strategy
  • Support the business and Credit Risk Management in the review of significant new deals, changes or exceptions to standard legal terms and non-standard arrangements and/or transactions

Qualifications

  • Financial services background, with at least 8 years’ experience in the industry.

  • Strategic thinker with strong analytical and project management skills

  • Well-developed leadership and people management skills, ability to drive change; strong influencing skills

  • Excellent written and verbal communication and presentation skills. Ability to understand risks and their drivers and to form, articulate and explain views

  • Ability to multi task, prioritize and deal with multiple tasks in a fast paced and evolving environment.

  • Confidence and ability to make balanced decisions and effectively represent JPM.

  • Experience in interacting with global partners and senior management across businesses and geographies

  • proactive and self-motivated with the ability to act independently

  • Ability to lead and direct the risk agenda.

  • Detailed knowledge of Global custody and Fund services products will be an advantage as will previous Risk and/or audit experience.

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