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Corporate – Wealth Management – Auditor – VP

Req #: 180011690
Location: Senningerberg, L, LU
Job Category: Accounting/Finance/Audit/Risk
Job Description:
Department Description
The JPMorgan Chase Audit Department is accountable to the Audit and Examining Committee of the Board of Directors, the Office of the Chairman, senior management and our global and local regulators.  The global Audit Department has in excess of 1,000 Audit Officers.  
Within the Audit Department, the EMEA Asset & Wealth Management (AWM) Audit team is responsible for assessing the adequacy of the control environment across the AWM businesses in EMEA. This is achieved through a program of audit coverage performed and managed by a team of integrated business, technology and corporate sector specialists and coordinated on a global basis with colleagues in the US and Asia. 
Business Description
J.P. Morgan is a global leader in AWM with over $2.5 trillion in assets under supervision, including over $1.7 trillion in actively managed portfolios, and annual revenue of approximately $12 billion. WM provides a full range of services and investments to High & Ultra-High Net Worth individuals. This includes discretionary investment management, brokerage, advisory as well as custody and banking services.
Position Description
We are looking for a Luxembourg-based Auditor in the WM EMEA Audit team with a strong audit, assurance or controls background at a private bank or financial institution, in particular, with experience reviewing fiduciary or operations activities. The WM Vice President position is based in Luxembourg and responsible for audit coverage of the EMEA Wealth Management business. The role focuses predominantly on Wealth Management businesses in Luxembourg and EMEA; however, the successful candidate will also have the opportunity to participate in audits covering other areas of the AWM business (for example, the Asset Management), where opportunities arise.
As the VP of Internal Audit for WM in Luxembourg, you will also be asked to represent the audit department locally with management, review the audit coverage to ensure local requirements/activities are captured, and help communicate audit findings with local stakeholders in Luxembourg. This role will include the opportunity on occasion to manage audits and staff, interacting with senior management and executing planning, fieldwork and reporting. This role provides an opportunity to gain an understanding of the WM business and work with the stakeholders to improve the control environment and implement operational efficiencies.
Key responsibilities:
  • Work closely audit team colleagues to ensure that key risks are identified and assessed in the program of audit coverage.
  • Assisting the WM EMEA Team Lead, help to construct and review the program of audit coverage of Wealth Management in Luxembourg, in order to effectively capture local requirements and activities.
  • Assist the WM EMEA Teal Lead with the maintenance of Luxembourg Audit Plan and preparation of Board and committee reporting in Luxembourg.
  • Assist in all aspects of audits including risk assessments, audit planning, audit testing, control evaluation, report drafting and follow up and verification of issue closure.
  • Communicate and share subject matter expertize within the audit department on Luxembourg activities and regulatory requirements (e.g. CSSF / EU), as applicable.
  • Identify risks, evaluate, test and report on the adequacy and effectiveness of management controls.
  • Write audit work papers and draft audit issues.
  • Finalize audit findings and use judgment to provide an overall opinion on the control environment.
  • Document audit results and communicate issues to management, identifying opportunities for improvement in the design and effectiveness of key controls.
  • Employ computer-assisted auditing tools where applicable to maximize the efficiency of sampling.
  • Build and maintain key relationships with stakeholders, establishing a culture of engagement while adding value, and attending local Luxembourg governance forums to represent Internal Audit.
  • Participate in the department’s Continuous Monitoring program in Luxembourg and European branches for Asset Management.
  • Bachelor's degree or equivalent from a top tier university.
  • Relevant financial services industry experience, preferably within Audit or risk and control functions.
  • Relevant business or audit experience, and knowledge of, the wealth Management industry in Luxembourg and applicable EU and CSSF regulations. 
  • Previous experience in one or more of the following areas preferred: wealth management; fiduciary investment and administration; asset management; capital markets or investment products.
  • Relevant audit/accounting (e.g. ACA, CIA etc.), business (e.g. MBA) or industry qualifications (e.g. CFIRS, CFA, CAIA, FRM, IMC).
  • Ability to manage multiple tasks or audits concurrently in an efficient and effective manner and with minimal supervision.
  • Perform audit work in accordance with department and professional standards and complete assignments in an efficient manner.
  • Strong skills in time management, problem solving, written and oral communication.
  • Excellent communication (i.e., verbal and written) and interpersonal skills, with the ability to present complex and sensitive issues to senior management and influence change.
  • Flexibility to travel as required (up to 20% within EMEA).
About JPMorgan Chase & Co
J.P. Morgan serves one of the largest client franchises in the world. Our clients include corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries. J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.5 trillion.  The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of clients and consumers under its J.P. Morgan and Chase, and WaMu brands.
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