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Corporate and Investment Bank - Compliance – Regulatory Management Compliance Officer – Vice President

Req #: 170110247
Location: Senningerberg, L, LU
Job Category: Compliance
Job Description:
JP Morgan Chase
JPMorgan Chase & Co. 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/.
 
JP Morgan established it’s Luxembourg Operations in 1973 through J.P. Morgan Bank Luxembourg S.A. which today acts as one of the largest custodian and depository banks in the Luxembourg market.  The principal operations of the bank relate to the provision of Investor Services and Transaction Services activities to global institutional clients.  Investor Services and Transaction Services are key divisions within the Firm’s Corporate & Investment Bank D (CIB).
 
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.
 
Regulatory Management within the Luxembourg Compliance Team
The role sits within the Luxembourg CIB Compliance team and works closely with the EMEA Regulatory Management team (part of the broader EMEA Compliance Department) responsible for the oversight and coordination of engagement with J.P. Morgan Bank Luxembourg S.A. (JPMBL) regulators. This is a specific and critical role within the Compliance function which offers great visibility of JP Morgan’s local and regional operations and the opportunity to interact with senior management and subject matter experts across the bank and whole firm.
 
 
The Role and Key Responsibilities 
  • The role will report to the JPMBL CCO;
     
  • The role will require the individual to act as lead on managing JP Morgan's relationship with the Commission de Surveillance du Secture Financier (CSSF), Banque Central du Luxembourg (BCL) and European Central Bank (ECB). These are active and demanding regulatory relationships which will require significant focus and attention by the individual in this role. Key aspects of this role will involve:
 
    • Building and maintaining a strong working relationship with the supervision teams for all regulators and other staff as relevant;
       
    • Overseeing the schedule of meetings that JPMorgan has with our regulators - making sure that all the logistics run smoothly, helping prepare senior management and others who interact with the regulators for meetings;
 
    • Overseeing the delivery of information to our regulators in a timely manner and tracking the various deliverables - both regular and ad-hoc. Reviewing the quality of these submissions and taking action where necessary, keeping records of meetings and agreed actions / deliverables;
 
    • Involvement in work planning discussions with  regulators to ensure the firm has a good sense of their forward looking agenda;
 
    • Taking a lead role in day-to-day communications with regulators;
 
    • Proactive consideration of the overall relationship with our regulators and making sure that the firm is interacting with them in the way they would expect and in an open and cooperative way.
       
    • Oversee the management of regulatory examinations, reviews, information requests or other specific deliverables to our regulators working closely with the CIB Compliance team and management as necessary
       
  • Working as a broader member of the EMEA Regulatory Management team to ensure Luxembourg is a component and contributor to relationships with regulators across the region are managed appropriately, getting involved with other regulatory requests and initiatives as necessary (for example licensing and other regulatory notifications).
     
  • Providing timely and appropriate management information on regulatory liaison and relationship management within Compliance and also to broader stakeholders within the firm.
     
  • Working closely and effectively across the organization and across lines of business with other key stakeholders in the firm's relationship with our regulators. Forging strong working relationships with Risk and Finance in particular will be important.
     
  • Reviewing and disseminating important communications from the regulators, those which are specific to JPMBL and also broader industry communications and speeches etc.
     
  • Act as a subject matter expert on the CSSF, BCL and ECB, the way they regulate and their expectations of firms – share this information internally and coach others on this relationship as needed.
     
  • Providing briefing and training sessions as necessary on elements of JPMBL’s supervision.
     
  • Develop a good awareness of other regulatory interactions in the region and support other team members in their interactions and relationship management with these other regulators.
Required Skills and Experience:
 
  • Strong background and experience in a banking or risk management environment, or financial services from a legal or regulatory perspective.
 
  • Previous experience in dealing with and maintaining relationships with the CSSF, ECB or European or Global regulators within a large and complex financial services firm or experience working at a relevant regulator.
 
  • Good knowledge of key financial services regulation and the CSSF circulars and EU regulations;
 
  • Strong team player willing to work closely across and with multiple teams where inter-dependencies will be strong and ongoing.  Can do attitude with a willingness to help others in the team and external to the team.  Willingness to go beyond the day to day to deliver excellence;
 
  • Strong analytical skills and ability to understand and interpret requirements;
 
  • Excellent communication and presentation skills, with the ability to translate complex regulatory issues into comprehensible messages for a range of audiences and levels;
 
  • Ability to think, plan and execute on multiple projects simultaneously in an organized manner;
 
  • Meticulous attention to detail, strong organizational skills and a commitment to ensuring that information provided to the firm’s regulators is of a high standard;
 
  • The ability to offer robust and constructive challenge, at all corporate title levels and across different disciplines – to become a trusted advisor to the business on regulatory relationship matters;
 
  • Ability to consider the regulators’ position and understand, anticipate and react positively to their requirements and demands;
 
  • Strong judgement and the ability to exercise sound judgement under pressure when faced with imperfect information.
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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