Asset Management Control Manager - APAC/Hong Kong, Associate / Vice President
August 25, 2019
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of more than $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing and asset management
J.P. Morgan Asset & Wealth Management, 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.
Asset Management is a leading investment manager of choice for institutions, financial intermediaries and individual investors, worldwide. With a heritage of more than two centuries, a broad range of core and alternative strategies, and investment professionals operating in every major world market, we offer investment experience and insight that few other firms can match.
Control Management (CM) maintains a strong and consistent control environment across the firm. With Control Managers appointed for each Line of Business, Function and Region, there is a comprehensive coverage and joint accountability model with the business executive that promotes early operational risk identification and assessment, effective design and evaluation of controls and sustainable solutions to mitigate operational risk.
Control Management focuses on four areas: 1) Control design and expertise 2) Risks and controls identification/assessment 3) Control breaks and resolution 4) Control governance & reporting
The role will be part of AM APAC/Hong Kong Control Management Function reporting to the Head of Control Management for AM APAC.
Responsibilities include but are not limited to the following:
In partnership with the business teams in:
- Evaluating and performing an end-to-end analysis of the business' risk and control environment to identify significant gaps and weaknesses and determine root cause of control breaks - Creating a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols - Ensuring that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols - Performing, reviewing and analysing program related data (e.g., KRI/KPI) to support business-related programs and strategies
As a Control Manager, lead / contribute to the following:
- Issue management, help to manage the full lifecycle of an issue and action plan by capturing details, tracking progress and closing (after obtaining appropriate evidence to substantiate closure) - End-to-end execution of Control and Operational Risk Evaluation (CORE), including control breaks and resolutions, to reduce financial loss, regulatory exposure, and reputational risk New Business Initiative Approval reviews (NBIA) - Error management, including error remediation and documentation Facilitation of business growth initiatives Driving consistency of control standards and programs across regions and line of business
Assist with regulatory and audit testing and remediation activities
Engage with control colleagues across the firm, business, operations management, legal, compliance, risk, audit, regulators and technology control functions
Bachelor's degree required
6+ years of relevant experience in control management, Legal and Compliance, or operational risk management
An understanding of Asset Management businesses, products and client services is preferable
Proficient knowledge of control and risk management concepts with respect to the aforementioned businesses - specifically with the ability to design, create and evaluate a Risk & Control Self-Assessment in conjunction with such business partners
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 intellectual curiosity, resourcefulness, excellent analytical and problem solving skills, ability to synthesize large amounts of information and propose recommendations
Understanding root cause / identifying control breaks
Developing timely and sustainable solutions
Analyze metrics for emerging risk
Ability to directly address conflicts and escalate issues where appropriate Ability to directly address conflicts and escalate issues where appropriate
Demonstrated experience as a key contributing member of a high-performing organization
Fluency in written English is required
Internal Number: 6197800
eFinancialCareers is a career site specializing in financial services.