Wholesale Payments-Global Trade-Control Manager

JPMorgan Chase Bank, N.A. London a month ago

Control Officer is responsible for support of GT front office control governance framework, identifying and quantifying inherent risks (existing and emerging), and advising on appropriate controls. This is a new role that will be supporting the control agenda development globally, collaborating on workable solutions for both the business and the internal policy requirements. This position will closely partner with Technology, Technology Controls, Legal, Compliance, Business Management and Audit functions.

Global Trade (GT) is a division of Wholesale Payments. For more than 200 years, J.P. Morgan has helped clients make trade payments, access liquidity, and manage risk. We connect counterparties with market-leading Core Trade and Structured Solutions (Supply Chain Finance, Sales Finance and Export Finance). Our institutional strength, practical expertise, comprehensive technology, and unparalleled network enable us to deliver powerful global solutions, when and where our clients need them. Our global product and technology platform, integrated client service model and network of operational centers enable us to deliver a consistent set of services to clients no matter where they are across the world.

Core responsibilities of this position include, amongst others, those listed below consisting of both variable project related functions with finite completion timelines as well as fixed day to day BAU functions:

Key Business Control Monitoring:

  • Identification, assessment and monitoring of risks and issues at business level
  • Advise the GT Business on establishment of front office controls and policy adherence
  • Assess, monitor and advise on severity of critical inherent risks (existing and emerging) at the business unit level
  • Evaluate and advise on control gaps/breaches
  • Review action plans for above mentioned control gaps/breaches; ensuring material risks properly
  • mitigated and validate execution and closure.
  • Execute on the CIB Controls agenda and perform certain FO controls on a regular basis;
  • Maintain risk and control documentation
  • Internal Audit/ Compliance testing/ Regulatory management - Working with the GT Business to produce materials for the regulatory or audit meetings and responding to requests from the regulators

Control & Operational Risk Evaluation (CORE):

  • Lead Control Management and GT Business in the CORE implementation and execution
  • Complete CORE deliverables in timely manner, i.e. complete Criticality Assessment to designate a critical rating and score for each process, identify risks applicable to the process and assess impact, define metrics/tolerance and triggers

Governance & Risk Analysis, Business and Thematic Reviews

  • Conduct business and thematic reviews to deliver a consistent and improved control environment

and/or address specific regulatory concerns
  • Production, presentation and maintenance of materials which provide clear insight and analysis into the current risk issues and trends relevant to the Global Trade business
  • Control deep dives/ on-site branch reviews of errors and operational risk events to ensure control gaps are highlighted and appropriate actions are taken
  • Support Global Trade Business Control Forums and Regulatory Change & Policy Forums

Regulatory and policy change management:

  • Identify upcoming regulatory and policy changes that may impact the business
  • Monitor and report in on-going business status & evolution
  • Review business regulatory commitments prior to distribution to regulators via Compliance.
  • Provide feedback on control environment and assist with coordination of business attestations

Ad-hoc Projects and Ongoing Programmes:

  • Participate in projects designed to enhance the control environment and simplify processes both as part of the Control Management team and also individually.
  • Functions (e.g., NBIA, metrics development and reporting, control evaluation utility) managed and coordinated centrally within the Global Trade and Control Management team to ensure consistency and adherence with standards
  • Other primarily control or regulatory-related programs (e.g., Cross Border, Fiduciary Risk, OLO, Dealworks) to define/implement Controls Oversight

Relationship Management:

  • Build and manage partnership with key business heads and stakeholders
  • Sit with the Front Office business and become go to contact for queries and issues

Essential Skills & Qualifications:

  • Undergraduate degree in finance, accounting, MIS or related discipline with valid professional work experience;
  • A good understanding of operational risk and control principles and at a minimum a basic knowledge of trade finance and related service solutions;
  • Proficiency in using Microsoft Excel, Word and developing PowerPoint presentations for senior audiences;
  • Good team player with strong ability to work within a complex, rapidly changing environment;
  • Position is for a highly proactive, motivated, self-starter individual who is comfortable with frequently changing priorities;
  • Effective time management and strong organisational skills and the ability to manage multiple priorities and deliverables
  • An ability to think flexibly and learn rapidly;
  • Strong analytical and problem solving skills with the ability to exercise sound and balanced judgment; keen attention to detail;
  • Strong interpersonal skills with ability to work different geographies and cross functional partners across all levels of the organisation;
  • Excellent communication skills (verbal and written), including ability to succinctly advise of risks, challenges and potential solutions
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.