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 bring and embracing an inclusive environment.
About JPMorgan Chase Wealth Management
JPMorgan Chase is one of the oldest financial institutions in the United States with a history dating back over 200 years. We are a leading global financial services firm with assets of $2.4 trillion operating in more than 60 countries. We have 270,000 employees serving millions of consumers, small businesses and many of the worlds most prominent corporate, institutional and government clients. We are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. We have fiduciary assets under supervision and assets under management/custody of over $4.1 trillion combined and are one of the largest asset and wealth managers in the world.
J.P. Morgan Wealth Management (WM) has more than 100 years of experience helping the world's wealthiest individuals and their families grow, manage and sustain their wealth to ultimately leave a lasting legacy. By consistently keeping our clients informed, focusing on risk-adjusted returns and rapidly adjusting to tactical opportunities and risks, we stand by our clients through market cycles. WM provides an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking. J.P. Morgan's wealth management solutions are provided through the Private Bank and J.P. Morgan Securities Corporation.
WM Investment Risk Management
JPMorgan Chase believes in a holistic approach to risk analysis by incorporating key risk disciplines including Credit, Market, Principal, Liquidity, Model, Legal, Fiduciary, Reputation, and Operational Risk and weighing these against returns. JPMorgan Chase’s Firm wide Risk Management function operates independently of marketing and product groups within the lines of business. The Chief Risk Officer (CRO) of the firm reports directly to the CEO and is accountable to the Board of Directors, primarily through the Directors Risk Policy Committee.
WM Investment Risk Management provides oversight of WM’s investment businesses to ensure that the risks taken in managed portfolios are appropriate to their investment objectives. The team covers all investing activities within WM, from product onboarding to regular monitoring and governance. Investment Risk works closely with the other risk disciplines within WM: Fiduciary risk, Credit risk, Operational risk and Reputational risk.
Investment Risk Officers are responsible for monitoring investment activities within specific products and asset classes. These risk professionals have specialist knowledge aligned to their coverage area. They have primary responsibility for the oversight and governance of investment risk within their covered businesses. In addition, they provide valuable feedback to their Risk colleagues and to the businesses they cover regarding fiduciary issues and emergent risk- or market-related topics.
Investment Risk Officer – Investments Strategies, VP
In addition to its internally managed solutions, WM offers a number of Equity and Fixed income investment strategies by third party providers. These third party equity and fixed income funds are sourced by the Due Diligence Team for implementation in managed portfolios and client accounts. The Investment Risk Officer provides independent risk oversight of the various equity, fixed income and liquid alternative fund products and managed solutions offered by WM.
Primary investment risk coverage for third party equity, fixed income and liquid alternative fund managers including specialized solutions and separately managed accounts utilizing these managers
Maintain market intelligence in the Equity and fixed income investments space, highlighting and escalating key risks on the horizon
Engage in regular dialogue with investment teams; provide an informed challenge to portfolio managers and due diligence teams
Analyze and prepare regular review of risk and performance reports vs. objectives, guidelines using various metrics for Equity and fixed income investment strategies
Participate in regular reviews of Equity and fixed income investments solutions with the relevant portfolio management teams
Represent the Investment Risk team in various voting governance Committees to review the performance of the third party funds
Participate in any ad hoc platform projects related to third party mutual fund ensuring Investment Risk requirements are highlighted
Assess risks in Equity and fixed income investment funds and solutions in response to market events, emergent risks or portfolio performance
Present and discuss Equity and fixed income investments funds and solutions at Risk