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Corporate Compliance - Asset Management - Fiduciary Testing Manager

Req #: 170090965_1
Location: New York, NY, US
Job Category: Compliance
Job Description:

JP Morgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.

 

Our Compliance Function

With a diverse team of Compliance professionals supporting all areas of our business around the globe, the team is working diligently to be innovative and present all business partners with thoughtful and unique solutions to the challenges they face.  The Compliance function has a robust set of priorities in place focused on best practice and employee development to ensure goals are delivered.

 
J.P. Morgan Asset Management is seeking to recruit a highly motivated and high caliber individual in response to significant global regulatory focus in this area. The individual will have a specific focus on enhancing the firm’s Testing coverage of processes and controls relating to Fiduciary risk, in particular, 12 CFR Part 9  and will assist with the development, global coordination and execution of the related  Testing Program. 
 
The professional who fills this position will work closely with the Compliance Monitoring team to ensure efficient coverage of the related risks and will also work closely with; business, legal, risk, and audit functions to provide expertise on 12 CFR Part 9 compliance matters.  They will also assess and measure compliance with related risks, and test the adequacy of the firm's control environment.  The individual will also interact with individuals at all levels across regions and various JPMC lines of business to establish consistencies and best practices with respect to compliance testing of the firm’s 12 CFR Part 9 Program.
 
This position requires strong knowledge of Fiduciary Risk, in particular 12 CFR Part 9,  and knowledge of applicable regulatory requirements for global financial institutions, including but not limited to broker-dealer, registered investment advisors, mutual funds and alternative investments would be beneficial. The successful candidate should be enthusiastic, confident with a work ethic of continuous improvement and being best in class.  They should have previous experience conducting compliance testing, internal audits, or regulatory examinations of complex financial institutions.  
 
The successful candidate will report to the Global Asset Management Head of Testing.
 
Specific Responsibilities:
  • Research, plan and execute Fiduciary  risk-based reviews of Global Wealth Management and  Global Investment Management Fiduciary risks, including those risks relating to 12 CFR Part 9, and   to assess the effectiveness of processes and controls designed to comply with the applicable laws, rules, policies and procedures.
  • Review established Fiduciary/12 CFR Part 9  policies and procedures and test for effectiveness;
  • Analyze relevant policies and procedures and conduct interviews with staff, as well as conducting and documenting detailed testing of Fiduciary requirements;
  • Evaluate the effectiveness of the controls designed to mitigate Fiduciary/12 CFR Part 9  related risks,  including review of internal controls to avoid or mitigate conflicts, identify high-risk activities and reliance on exemptions;
  • Remain current on relevant industry rules, regulations and best practices to help ensure that the compliance monitoring and testing program sufficiently meets regulatory and internal audit standards;
  • Assist in the drafting of testing procedures / test scripts for key processes relating to Fiduciary/12 CFR Part 9 , which will involve writing detailed review steps to ensure global consistency and best practices;
  • Organize and prepare management information relating to testing reviews completed, issues identified, outstanding action plans and progress against plan; 
  • Work to enhance the visibility of the Fiduciary/12 CFR Part 9 testing program and establish key business relationships.  Interact with all levels of business management and staff.  Meet regularly with key business stakeholders to remain informed of risks within the business and issues arising;
  • Work with the Compliance Advisory teams/Subject Matter Experts to ensure up to date and comprehensive understanding of business areas.  Use this knowledge to develop and execute the Testing program; and
  • Coordinate with other Compliance Team Members globally and assist in various ad hoc projects as necessary.
  • Establish a process of continuous development of both individuals and the test program. 
  • Undertake ad-hoc projects at the request of the Global Asset Management Head of Testing. 
Qualifications:
  • Good  knowledge of 12 CFR Part 9 and/or Fiduciary  related requirements;
  • Excellent written, analytical and interpersonal skills required;
  • Pro-active, motivated and enthusiastic;
  • Able to work independently with good time management skills;
  • Good influencing skills
  • 3-5  years of financial services experience, preferably in Internal Audit, Regulatory, or Monitoring/Testing related roles;
  • Ability to work in a team environment and assist with reviews, projects and/or team initiatives;
  • Strong organizational skills and willing to take ownership and responsibility of tasks;
  • Ability to manage multiple projects simultaneously with minimal supervision;
  • Good knowledge of the regulatory framework for global banking and securities institutions, with an overall understanding of regulations relating to retail brokerage, investment adviser, alternative investments and other complex financial products;
  • Strong written and verbal communication skills, as well as influencing abilities; and
  • Knowledge of Microsoft Word, Excel and PowerPoint.  Experience with Visio preferred, but not required.
JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.
 

 

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