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Executive Director- Business Control Officer - GKN - Mumbai - India

Req #: 170071042
Location: Mumbai, MH, IN
Job Category: Sales/Trading/Research
Job Description:

Two guiding principles set the overall objectives of this group:

- Establish appropriate and meaningful risk measures and controls in ALL areas of the bank; and

- Execute robust, enterprise-wide governance and oversight


The Oversight and Control Group’s primary function is to develop an effective Firmwide control framework, looking within and across the lines of business, to identify and remediate control issues with a sense of urgency.  The Team will partner with all other control disciplines, adding an additional line of defence supporting Compliance, Risk and Audit, among others.  The Team will work in partnership on the development of new, and oversight of existing, control functions and protocols throughout the Firm and will provide a centralized view of and from all control functions, assisting in immediate, real time problem detection and escalation.  This process will enable the firm to engage the appropriate teams in a timely manner, and provide the ability to quickly remediate critical control issues across all the impacted areas of the firm.  While ultimate responsibility for the effectiveness of the control environment rests with the LOB CEO’s and the Corporate Function Heads, the Oversight & Control Team will partner closely with the Audit and Risk Committees, the Operating Committee, and the Board of Directors of JP Morgan Chase, and all Lines of Business, Legal, Risk, Compliance and Technology as well as other groups within the Firm.


Role Responsibilities:

The candidate will provide Country leadership for O&C working closely with the O&C Business Control Officers in proactively identifying, anticipating, escalating and remediating control issues in APAC. The candidate will partner with senior country business leaders, Risk, Compliance, CAOs and other key location partners in meeting our collective goal to embed a strong and sustainable control framework and culture across the franchise.

- He/she will be responsible for oversight of the controls agenda in the country in line with the strategy set by the APAC Head of Oversight and Controls:  

- Present a holistic, aggregated view of all aspects of the control environment at the country and legal entity level, rolling up existing and emerging control issues to governance and overseeing remediation

- Ensure issues are promptly escalated and addressed through appropriate governance and that remedial actions are fully embedded

- Independently assess and monitor the effectiveness of controls and promote continuous improvement in design and execution

- Provide a bridge across lines of business, corporate functions, risk, compliance and audit to form an end to end view on controls, identifying and assessing potential systemic control gaps and/or emerging risks

- Diagnose and benchmark capabilities and good control practices and ensure exporting of these practices across LOBs/geographies

- Provide insights into duplicative processes and redundancies in control procedures and drive consistent and common control processes across LOBs/geographies.

- Ensure country considerations contribute to and are factored into regional and global strategy



• A minimum of 15 years of experience in controls, operational risk, internal audit and/or other control related functions within the banking sector. 
• Prior experience in previous roles may include but not limited to Front/Middle/Back Office, Operations, Compliance, Audit and Risk.
• Strong background in business management and the ability to lead, negotiate, implement best practices, set priorities, plan, facilitate collaboration, coach, direct activities, and hold teams accountable.
• Strong background in, and familiarity with, the LOB’s core businesses or corporate functions would be helpful
• Can clearly articulate the processes supporting a business unit’s function, controls, business priorities, impact on financial reporting, issues and risks associated with operational and IT infrastructure; can identify gaps and proactively help develop solutions.
• Proficient in developing new ideas to mitigate risk and improve current processes.
• Well-versed in reviewing the dimensions of franchise risk.
• Thinks strategically and articulates concepts clearly.
• Maintains excellent working relationships with Regulators and Internal Audit and Control Partners
• Understands operational risk policy requirements and risk assessment methodology.
• Provides leadership in optimization and efficiencies in control practices for the business as well as the resolution of cross business issues.  
• Proactively engages business and functional managers to mitigate risks and can prioritized high impact potential problems effectively.
• Innovative.   Well versed in developing new ideas and improving current processes.
• Had led and/or successfully influenced cross-functional and/or geographically diverse initiatives
• Acts decisively in high risk scenarios, assessing a situation based on available date, experience, intuition, and judgment. Makes well-reasoned decisions under pressure.
• Demonstrated ability to make sound judgment calls on issues that can be both quantitative and qualitative in nature.   
• Experienced negotiator – able to identify and influence key decision makers across various levels and functions within the organization; diffuse conflict and work toward agreement.
• Acts as a leader with an understanding and appreciation for diverse backgrounds.
• Well versed in breaking down complex matters into core issues and root causes that can be more readily addressed.
• Regularly communicates and ensures key messages are cascaded throughout the organization.
• Excellent written and oral communication skills with the ability to present information in differing degrees of detail and form depending on the audience.
• Strong presentation skills – comfortable with public speaking across various forums and is able to effectively and logically communicate when ideas are being challenged in an open forum.
• Breaks silos and build partnerships across functions and regions; collaborates well with others.
• Build project teams that optimally leverage other people’s skills and expertise.
• Creates and sustains a network of strong client relationships.
• Takes responsibility for core relationships and establishes credibility with the client.
• Provides well-reasoned, balanced assessments of risk / return trade-offs.
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