Operations and Technology Compliance Advisory — Compliance Officer, Private Bank — Vice President, Based in London
JPMorgan Private Bank is the world’s premier private bank, operating globally, catering for an ultra high net worth client base with highly sophisticated investment, wealth preservation and financing requirements. Through discretionary and brokerage services the Private Bank offers a broad range of investment solutions encompassing alternative investments, structured products, mutual funds, derivatives and securities. It also offers cash management, corporate finance advice, structured lending and acts as manager of regulated funds. For the EMEA platform product origination, structuring and execution are conducted from the London operation.
EMEA Compliance Coverage Strategy
The EMEA Compliance coverage strategy requires:
Core expertise: A good understanding of the UK and EU regulatory regimes and experience in the application of firm policy and regulatory requirements across multiple products, services and jurisdictions. In-depth knowledge of some or all of the following regulations; CASS, MiFID Transaction Reporting, EMIR, PSD 2, GDPR, CSDR, SFTR, MiFID II Post-Trade Transparency & Commodity Derivatives Position Reporting and SYSC 8 Outsourcing.
Product expertise: Knowledge of a full range of products including fx and securities, banking products, derivatives, structured products, investment funds (including Hedge Funds and Private Equity), their purpose, target clients, specific relevant risks, deal/trade/process flow and settlement.
The successful candidate will report to Adam Butt, VP Compliance Manager and will be a key member of a highly regarded team. The individual will provide general advisory support to the Private Bank businesses conducted in the region with a primary focus on Operations, Technology and the Client Services Group. The individual will:
Assess and advise on Compliance and Regulatory issues as they pertain to various pieces of regulation including;
MiFID Transaction Reporting
Data Privacy & GDPR
MiFID II Post-Trade Transparency & Commodity Derivative Position Reporting
SYSC 8 Outsourcing
Assist and advise on the implementation of new regulations;
Assess and advise on the Compliance and Regulatory implications of proposed new business, services and processes;
Assist in the development of policies and procedures designed to ensure compliance with firm and regulatory requirements;
Represent Compliance in governance forums providing credible and constructive challenge
Identify and investigate potential rule and policy breaches and coordinate corrective action with other control functions as necessary/required;
- Complete the annual Compliance Risk Assessment for the areas covered
Qualifications and Skills
- Educated to Degree Level, ideally with an appropriate Accounting or Legal qualification/background;
- Significant experience working in a similar Compliance role; some experience or understanding of Operations would be beneficial;
- Good working knowledge of the PRA/FCA Handbooks and EU regulations;
- Ability to work in a fast-paced, dynamic and demanding environment;
- Ability to gain a good working knowledge of new regulations in short space of time;
- Attention to detail and control/quality awareness essential;
- Good communication skills, especially the ability to articulate complex issues to a range of audiences;
- Good organizational and planning skills;
- Sound understanding of Private Banking businesses would be beneficial
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com.
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.