J.P.Morgan Private Investments (JPMPI), which sits within the Corporate line of business, brings together the Strategic and Heritage Private Equity Investing activities of the firm into a single center of investing excellence. JPMPI has approximately 40 professionals (both Front Office and Finance and Business Management) located in New York, Chicago, London and Hong Kong.
Strategic Investments acts as a service provider to the Lines of Business and Corporate. It is a central resource to help identify, diligence, structure, negotiate, close, monitor and divest investments. Heritage Private Equity holds approximately $1.5 billion AUM and the Finance team oversees fund and partnership accounting, distribution management, treasury services, tax support services, waterfall/carry calculations, financial and regulatory reporting, and corporate entity administration and domiciliation services.
Oversight and Control
Firmwide Oversight and Control (O&C) was designed to ensure a strong and consistent control environment across the organization from front office to back office, regardless of line of business or functional area. With Control Officers appointed for each Line of Business, Function and Region, there is a comprehensive coverage/accountability model that promotes firmwide dialogue and consistency in approach and solutions. Control Officers partner with all other control disciplines, adding an additional line of defense supporting Compliance, Risk and Audit, among others. The CTC Oversight & Control Group has team members also located in EMEA and APAC bringing a global perspective and globally coordinated approach to oversight.
Private Investments Control Officer
The Control Officer serves as a trusted advisor to Private Investments on operational risk and control matters. Duties of this role include:
Owning the Private Investments assessment while serving as primary coordinator for that assessment
Becoming subject matter expert in Risk Control Self Assessment testing and review
Becoming a strategic, valued partner with all other control function teams throughout the firm (finance, operations, technology, legal, compliance, risk, internal audit)
Execution and implementation of business controls, risk governance and reporting priorities and strategy
Identification, documentation and remediation of control gaps, risk assessment and root cause issue analysis
Tracking of ongoing issue, action plan, and risk event activity and the maintenance of open/closure in system
Coordination and assistance in the preparation of the Business Control Committee (BCC) meetings and participate in other appropriate management committees/forums in conjunction with other functions
Coordination with various members of Private Investments team to ensure relevant updates are communicated as appropriate
In connection with all activities, improvement of the “user experience” for all stakeholders and partners, i.e., focus in enhancing transparency, efficiency and simplicity of control processes
The Role requires establishment of strong relationships with the business supported and a deep understanding of the business, its control challenges, its architecture and structure. The candidate should be interested in working in a fast-paced and dynamic environment, participating in key initiatives and becoming involved in a diverse set of issues that will have a direct impact on the organization
7+ years of previous experience in a middle office, audit, operational risk, corporate or compliance function
Highly motivated, energetic self-starter who takes ownership
Strong organizational skills, able to manage and prioritize multiple tasks across different time horizons within deadlines
Strong understanding of controls and their application to different processes and businesses
Strong analytical, problem solving and process re-engineering skills
Excellent Excel, Word, PowerPoint, Visio skills
Excellent verbal and written communication skills
Strong team player with excellent partnering and influencing skills
Ability to think holistically, out of the box and critically
Ability to learn new computer applications or systems quickly
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