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CIB Markets Operational Risk Manager ( Assoc / VP)

Employer
JPMorgan Chase oamp Co
Location
Mumbai, IN
Salary
Competitive
Closing date
Nov 19, 2019

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Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
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/. About J.P. Morgans Corporate & Investment Bank J.P. Morgans Corporate &Investment Bank is a global leader across banking, markets and investor services. The worlds most important corporations, governments and institutions entrust us with their business in more than 100 countries. With nearly $20 trillion of assets under custody, the Corporate & Investment Bank provides strategic advice,raises capital, manages risk and extends liquidity in markets around the world. The Corporate & Investment Bank (CIB) Operational Risk Management (ORM) team is responsible for independently assessing, reviewing and overseeing the management of Operational Risk by the first line of defense. About Compliance, Conduct and Operational Risk Operational Risk Management is part of Compliance, Conduct and Operational Risk (CCOR), within the Risk Management and Compliance organization. CCOR maintains oversight of the firms compliance, conduct and operational risk management activities and are responsible for the design and execution ofthe CCOR program, which consists of the second line of defenses responsibilities in managing the firms compliance, conduct, and operational risk. Our organization is focused on cultivatinga stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities arebuilt around the need to strengthen and guard the firm from themany risks we face, financial rigor, risk discipline, fosteringa transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of professionals brings and embracing an inclusive environment. Responsibilities The successful candidate will join a small team of risk professionals from adiverse range of backgrounds and experience who collectively ensure that the Firms Operational Risk Management Framework is implemented and functions effectively within CIB Markets. Govern CCOR in the second line of defense establishes policies and standards which set forth the requirements for the LOBs and Corporate Functions regarding the management of operational risk andenables oversight and independent assessment over operational risks inherent within the firms activities. Identify The LOBsand Corporate Functions have primary responsibility for the identification of the operational risks inherent within their day-to-day business activities, consistent with standards establishedby CCOR. CCOR provides oversight and independent assessment of the risks identified by the LOBs and Corporate Functions and, where appropriate, escalates any new or emerging risks or issues. Measure CCOR independently assesses operational risks throughquantitative and qualitative means. CCORs independent assessment identifies risk drivers that may impact operational risk activities and the controls to help mitigate such risks. Monitor &Test CCOR uses the results of risk assessments to identify heightened areas of operational risk to independently monitor the risks and test the effectiveness of controls within the LOBs and Corporate Functions. CCOR utilizes key risk indicators (KRIs), key performance indicators (KPIs), and other metrics to periodically identify areas where incremental monitoring and / or testingmay be needed. Manage CCOR informs the firm of operational risk levels and provides associated second line of defense support to all areas of the firm (except Audit). These activities include raising issues for the first line of defense to remediate through action plans and reviewing KRI and KPI thresholds. CCOR leverages a centralized strategy for metrics and dashboard reporting to support these activities. Report CCOR reports on the results of its activities to the LOBs and Corporate Functions including changes in risk assessments, results of monitoring and testing, and required corrective actions. CCOR reports and escalates issues to the Directors Risk Policy Committee (DRPC) and senior management consistent with the firms escalation practices. Preferred qualifications Minimum Bachelors Degree with at least 6 years of industry experience Experience with risk management, product ownership, business management and operations, controls management, or application development with an emphasis on the financial industry Strategic thinker with strong analytical and project management skills with successful track record of completion Strong influencing skills and ability to drive change Ability to multi-task, prioritize and thrive in a fast-paced and evolving environment Passionate and capable of learning in a changing environment while delivering results Detailed knowledge of Financial Markets will be an advantage as will previous Risk/Audit experience

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