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Asset & Wealth Management - WM Controls Management OLO Control Officer – Analyst/Associate

Req #: 170100394
Location: Brooklyn, NY, US
Job Category: Asset Management
Job Description:
 
Asset & Wealth Management Overview:
J.P. Morgan Asset & Wealth Management, with client assets of $2.5 trillion and long-term assets under management of $1.3 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
 
J.P. Morgan Wealth Management:
J.P. Morgan Wealth Management (WM) delivers the highest quality advice, service, capabilities and products to high-net-worth individuals and families in every major market throughout the world. We deliver highly customized and tailored solutions to help clients with the many complexities they face by leveraging the commercial and investment banking capabilities of the firm. WM addresses every facet of wealth management from investment management and brokerage to tax and estate planning, credit, raising of capital and specialty wealth advisory services.
 
Group Description:
Within Wealth Management, the Global Controls Management (GCM) organization’s primary function is to (i) ensure a sustainable and disciplined end-to-end control environment for WM; (ii) identify and escalate issues with a sense of urgency; and, (iii) partner with the business to ensure timely remediation of issues.
 
Global Controls Management works in partnership with the business, as the first line of defense. The team assists in immediate, real time critical control issue detection, escalation, root cause analysis and remediation. In addition, the team works in collaboration with all other control functions – Compliance, Risk, Audit, and Legal.
 
A core mission of the team is to support WM’s execution of the firm’s 2017-2018 OLO Program. The Office of Legal Obligations (OLO) is a firm-wide, global initiative that brings together the expertise of Legal, Lines of Business, Oversight & Control, Compliance, Risk and other key control functions, to proactively manage regulatory changes into our operations and allow us to trace end-to-end connections between laws, rules and regulations and policies, procedures and/or other documentation.
 
Position Description:
Based in New York, OLO Control Officers (OCOs) will be responsible for multiple components in delivering the team’s core mission to Wealth Management overall, with particular focus on the OLO initiative. Working closely with AWM and WM Program Leads, OCOs role priorities for OLO will include:
 
  • Work on one or more OLO Assessment Teams to review and prioritize obligations for assessment ensuring accurate impact analysis to the Assessment Team  
  • Analyze procedures against obligations and drive engagement with key functions including Legal, Compliance, Risk, and Business to understand impact to the business and collectively assess the sufficiency of current procedures
  • Demonstrate ability to challenge the status quo and recommend solutions / enhancements to operating models and controls
  • Build and maintain excellent relationships with internal partners and colleagues
     
  • Bachelor's degree required
  • Minimum of 2 years of relevant experience
  • Knowledge in wealth management, investment solutions, and/or, risk and controls preferred
  • High potential individuals looking to broaden business knowledge
  • Exceptional critical thinking, project management, analytical and communication skills (i.e. communicate effectively at all levels of the organization)
  • Possess sense of urgency, intellectual curiosity, resourcefulness, excellent analytical and problem solving skills, ability to synthesize large amounts of information and propose recommendations
  • Ability to adapt to a rapidly changing business environment, quickly assess situations, and capitalize on change
  • Individual must be results driven, have attention to detail, has passion for driving best practices, and skilled at diplomatically breaking down barriers and obstacles
  • Ability to directly address conflicts and escalate issues where appropriate.
  • Demonstrated experience as a key contributing member of a high performing organization

 

Personal traits: Intellectual curiosity and integrity, strong positive attitude and team spirit, desire to learn and grow, confidence and strong presence (including with senior executives). Highly organized, reliable, proactive, flexible, results- and action-oriented.

 

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