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CIB – Reputation Risk – Associate - London

Req #: 170095755
Location: London, ENG, UK
Job Category: Credit
Job Description:
Reputation Risk is the risk that an action, situation, transaction or investment will reduce trust in our Firm’s integrity or competence by clients, shareholders, employees or the broader public. It is amorphous, difficult to identify and manage, and more difficult to recover from than any other type of risk. The mandate for each Reputation Risk Committee (RRC) includes the review of imminent, existing or prospective transactions, activities and client relationships of or undertaken by the CIB as agent or principal, which, in the opinion of the relevant business head, have the potential for reputation risk.
 
Each CIB RRC has a Secretary whose role includes working with the business to prepare and distribute submission materials, arranging RRC meetings, preparing and circulating minutes, maintaining files of transactions reviewed and tracking execution and conditions fulfilment status. The Committees function under the auspices and oversight of the CIB Reputation Risk Office (“CIB RRO”) and Firmwide Reputation Risk Governance (“FRRG”), each of which is led by the Head of Firm wide Reputation Risk Governance. The CIB RRO provides oversight of CIB guidelines and procedures, guidance on consistency in approach to risk and implementation of infrastructure (technology and people) to support the identification, escalation, management and monitoring of reputation risk issues and RRC activity in the CIB. The CIB RRO also oversees CIB-wide training and communication on reputation risk and provides reporting to senior CIB management. Each Regional RRO works with the Global CIB RRO on various CIB-wide initiatives, projects, and internal and external reporting requirements, which periodically arise.
 
This is a unique opportunity within CIB Risk for the right candidate to gain exposure on a broad range of business issues and topics, generate excellent visibility within and beyond Risk and create tangible impact through strong execution in the role. The individual will report to the VP team member of the EMEA Reputation Risk Office.
 
Responsibilities:
  • Reviewing deal team submissions and providing feedback on live requests.
  • Providing guidance to deal teams on the RRC process, procedures and best practices
  • Liaising with stakeholder groups including Legal, Risk Management & Compliance
  • Acting as liaison between deal teams and committee members in preparation for RRC meetings
  • Being the gatekeeper for RRC matters – getting all pertinent information from deal teams, providing credible challenge, and forming an opinion on the correct course of action to make recommendations to Senior Management
  • Documenting decisions and discussions, both through the formal minutes of RRC meetings and recording any relevant information relating to matters that are not reviewed at a formal committee
  • Keeping abreast of trends in Reputation Risk, focusing on Heightened Risk Industries and industry trends (e.g. defence companies, non-bank financial institutions, online gaming, etc.)
  • Helping to develop risk appetite frameworks and sector reviews for specific industries and countries
  • Managing logistics for RRC meetings and other preparatory meetings that may be required – identifying the appropriate audience and ensuring attendees are sufficiently briefed
  • Tracking the execution of transactions and fulfilment of conditions
  • Preparing and delivering training to deal teams and other stakeholders
  • Interacting with the firmwide reputation risk governance team and other RROs on a broad range of issues and initiatives
  • Preparing monthly reports commenting on trends and drivers of reputation risk matters
  • Ad hoc exercises eg. coordinating responses to regulatory requests, participation in Technology initiatives etc
Skills required:
  • The successful candidate will be expected to identify the key reputational considerations in a deal, thus an understanding of Banking and Markets transactions would be useful
  • A background in Risk Management or Compliance is a positive but not a requirement
  • Strong interpersonal and communication skills. The successful candidate will require the confidence to probe deal teams to develop a deep understanding of a client/transaction/situation, provide credible challenge to business colleagues and articulate a view to the Chair(s) of the Reputation Risk Committee, among others
  • Ability to establish credibility and trust with colleagues at all levels of seniority across the bank
  • High level of intellectual curiosity
  • As the workload can be unpredictable in nature, the successful candidate will need to be comfortable operating within a less structured work environment, thus the ability to react and adapt is essential.
  • 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.
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