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Wealth Management - Risk Supervisory Manager, Private Bank - VP

Req #: 180000363
Location: New York, NY, US
Job Category: Asset Management
Job Description:
J.P. Morgan Private Bank has been helping the world’s wealthiest individuals, families, foundations, and endowments grow, manage, and sustain their wealth through personalized, comprehensive financial solutions for more than 160 years. J.P. Morgan is a global leader in asset and wealth management with assets under supervision of $2.1 trillion and assets under management of $1.4 trillion. With Private Bank advisors in 110 offices in 25 states and 20 countries, the Private Bank provides clients with a global perspective delivered through a local, dedicated team of specialists focused on fundamental wealth management disciplines, including investment management, wealth planning, philanthropy, credit and banking.
The Supervisory Manager coordinates and works closely with Private Banking, Risk, Control, Compliance and Legal on issues that arise in the regional teams.
The Supervisory Manager will be responsible for the administrative and reporting requirements necessary to demonstrate daily supervision for the Supervisory Management team.  
Responsibilities include:
  • Review incoming and outgoing correspondence (print, fax)
  • Review designated emails
  • Approve new accounts and account updates
  • Analyze and review accounts for suitability concerns on a monthly basis
  • Process cancel/corrects
  • Approve suitability of accounts to participate in on OTC derivative transactions
  • Approve suitability of accounts to participate in Private Equity, Hedge Funds and Structured Products
  • Approve accounts to transact for certain Foreign and local securities, New Issues and Rule 144
  • Resolve questions or issues that may occur during the course of a business day 
  • Assist in the review and response for client inquiries, issues, and complaints
  • Resolve order errors, and assist with error processing and reporting
  • Update account information and follow-up on issues
  • Review and work on compliance of Marketing Materials
  • Answer surveillance related inquiries from Compliance
  • Assist in the preparation for all regulatory and internal audits
  • Approve employee personal trading requests
  • Review and approve gift requests
  • Review and  approve outside business requests
  • Review and update team email lists for the surveillance as needed
  • Review and assist with registration updates and employee pre-hires
  • Train employees on policy, procedure or specific topics as needed  
    Qualifications and Skills:
  • Must be able to provide clear, concise, and timely resolution to issues as they arise
  • Strong interpersonal communication and listening skills are required
  • Candidate must be comfortable speaking in front of groups and on a "one-on-one" basis 
  • Strong understanding of regulatory requirements and best practices for Brokerage and Private Bank environment
  • Strong organization and follow up skills. Ability to work well on an integrated team
  • Comfortable making decisions independently and dealing with conflict in high stress situations
  • Ability to effectively communicate with all levels of personnel within the Private Bank
  • Able to provide supervisory coverage across regional teams as needed
    • BA/BS required
    • 3+ years experience as a Supervisory or Compliance professional with a focus on supervisory responsibilities
    • Series 7, Series 63, Series 8 (9&10), 24
    • If hired, candidate will be required to pass Series 4 within four months of start dates.  Will consider candidate without Series 8 (9&10), 24, but candidate will be required to pass them within 3 months of start date
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