CIB Markets Legal and Regulatory Change Management Team Lead

Job Description

About the Employer JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.4 trillion and 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. 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 www.jpmorganchase.com . Global Finance & Business Management ( GF&BM ) India is a combined LOB-aligned (Line of Business-aligned) finance & business support team located in India and is part of JPMorgan s global capability center (GCC). We are part of the Office of the CFO (OCFO) organization within JPMorgan, which has 13000+ people across the globe, majority of whom are tasked with managing the firm s Finance function, responsible for reporting quarterly earnings and complying with regulatory requirements along with managing the firm s capital. GF&BM India was established in September 2002 and currently we have a network of more than 3400+ professionals based out of our Mumbai, Bengaluru and Hyderabad offices who support four main pillars of work - Controllers, Planning & Analysis, Finance Operations and Business Client & Products. The teams in India are aligned to the respective LOBs that they support which include Corporate and Investment Banking (CIB), Commercial Banking (CB), Consumer and Community Banking (CCB), Asset & Wealth Management (AWM) and Corporate/Firmwide functions.We have a strong culture that embodies the principles that guide us in how we do business across the firm. We strive to create a workplace that values and respects individual viewpoints, while at the same time challenging the status quo to make continuous improvements in our processes.JPMorgan is an equal opportunity employer and places high value on diversity and inclusion. We recognize that our people are our strength and diversity of thought and practices makes us more successful. The current opening is within the Markets LRCM/OLO team in Bangalore which forms part of the CIB LOB within GF&BM India. About the Team The Office of Legal Obligations (OLO) program is a firm-wide, global initiative that brings together the expertise of Legal, businesses, Business Control Management, Compliance, Risk and other key control functions, to proactively manage regulatory changes in our operations and allow us to trace end-to-end connections between laws, rules and regulations on the one hand, and our policies and procedures that demonstrate compliance on the other.The OLO program has been running since 2017, and is now transitioning into a BAU state, in which a Legal and Regulatory Change Management (LRCM) framework has been established, to ensure that the inventory of laws, rules and regulations relevant to global Markets businesses held in the Enterprise Library Application, or ELA database, is kept up to date to reflect the impact of constant business and regulatory change. The role is within the Markets Business Controls Management (BCM) organization, supporting the global Markets business across Sales, Trading and Research. The Markets LRCM Associate will be responsible for the completion of LRCM-related BAU tasks, including mapping legal obligations to the policies, procedures and other evidence that demonstrates how Markets meets these legal requirements. Mapping Execution activities will involve working extensively with a diverse set of global stakeholders, including Legal, Compliance, Business Control Management and other stakeholders. The team s activities cover 24 jurisdictions (8 languages), with further scope expansion expected. About the Role Primary Responsibilities:
• Determining the applicability of individual regulations to the Markets businesses, and subsequently mapping these legal obligations and the full underlying legal text to procedures or other supporting documentation, and related CORE Business Processes.
• Independently working on OLO processes and tools, collaborating with Legal, Compliance, Risk, Finance, Business partners and others to ensure a clear and consistent interpretation of applicable obligations
• Assisting SME/onshore partners to develop and create reference data to facilitate obligation mapping, e.g. matrices of business activities, LEs, procedures and control framework by product and country
• Compiling procedure gap analysis data and making recommendations to the SME/onshore partners as to how these gaps should be addressed
• Responding to and resolving items identified by Quality Assurance and audit processes
Regulatory Change activities The bank has established a Legal and Regulatory Change Management framework, to ensure the mapping of legal obligations in the ELA database remains up to date in the face of business and regulatory changes. The LRCM Global Support team will, in addition to owning obligation related activity as outlined above, contribute to the LRCM program s activities. This may include:
• Assessment of the impact of regulatory changes (LATAM-focused)
• MIS / Reporting / Governance material production
• Running the weekly LRCM Triage process for Markets
The scope of these reg change management activities is likely to increase over time. Desired Candidate Profile:
• A level of familiarity with, and interest in, J.P. Morgan s Markets products and businesses
• Experience in business controls, operational risk, Compliance, Legal, Audit or similar function with coverage of Markets Sales / Trading businesses
• Understanding of the control framework for Markets businesses would be beneficial
• Comfortable with and adept at reading and interpreting legal text as a layperson (note: formal legal qualifications are not required)
• Good project management skills and ability to instill structure, process and accountability to meet aggressive weekly production delivery targets, whilst maintaining quality standards.
• Detail oriented, with a highly disciplined approach to process and quality control
• Strong business analysis skills to enable efficient, accurate and objective decision making
• Excellent personnel and organizational management skills, ability to work under pressure and handle high volume of throughput without compromising quality
• Ability to partner closely with related functions to ensure a coordinated and effective program
• Strong written and verbal communication skills
Shift Timing: Login hours will be anytime between 9 am and 11am IST. ,

Keyskills :
gap analysisreference dataoperational riskfinancial servicesbusiness controlfinance functionmanagement skillssmall business