AWM - Wealth Management Operations - DMO Controls Transition - Associate

Job Description

About JP Morgan Asset & Wealth Management Operations Asset Wealth Management Operations supports both the JPMorgan Wealth Management and Asset Management groups in JP Morgan s Asset Wealth Management line of business. Asset Wealth Management Operations provides end-to-end support for all aspects of the client experience, working closely with client service, fiduciary, product specialty groups, third party vendors and other lines of businesses, project managers, technology support and development teams, as well as others globally within JP Morgan Chase. AWM Operations consists of Asset Management Operations, Wealth Management Operations, Portfolio Analysis Group, Chief Data Office (for AWM), Fraud and Business Resiliency (AWM), Change Mobilization, and Control Management. Operations & Administration leads our Operations colleagues, who perform the behind-the-scenes processing that keeps AWM running smoothly. Things like closing transactions, making sure information and data is appropriately tracked and ensuring that proper controls are followed prior to execution. About JP Morgan Asset & Wealth Management Operations Control Management The AWM Operations Control Management team s mission is to enable the proactive identification and timely remediation of risk by providing a framework, infrastructure and support system holistically encompassing the breadth and depth of risk across Asset & Wealth Management Operations. We are responsible for the overall risk and control framework for AWM Operations that incudes governance, regulatory response, risk mitigation, risk transformation and business intelligence. Our Business Control Officers have deep subject matter expertise, are embedded with the broader Operations teams and work hub and spoke with Operations and other pillars of our Control Management team to help carry out the consistency of the framework while driving the continued evolution of a more advanced risk and control approach. We also partner with Operations, Technology and Business leadership to take the best of what we do, within and across LOBs, and drive deliberate cross-pollination, lessons learned, and drive control initiatives all to help drive risk reduction. We serve the broader organization in a collaborative fashion, with a mindset to serve and protect and ensure a design for control oriented approach in all that we do.This role will support the Asset & Wealth Management Operations Control Management mission in maintaining a strong and consistent control environment by providing comprehensive coverage of the control environment that promotes early operational risk identification and assessment, effective design and evaluation of controls and sustainable solutions to mitigate operation risk. A Control Senior Associate s main focus is control design and testing expertise, risk and control identification and assessment management, control break and resolution management, control governance and reporting and leading our regulatory response efforts. Location Description Hyderabad Job Description Asset and Wealth Management Control Team is seeking a Associate to join Operational Risk team at Hyderabad. Associate will be responsible to work with the global AWM Operations team to understand business process, identify risks, implement controls and ensure continued efficacy of process controls. Key performance indicator for this role would be minimal operational errors (& near misses), excellent audit ratings and no regulatory/compliance issues. He/she should also work closely with the Global Risk Management teams to ensure standardization of frameworks across sites Summary of Responsibilities
• Conduct risk reviews for Operations to proactively identify areas of risk
• Compare policies, standards, procedures and controls across products for consistency and closure of any gaps
• Complete control activities related to error reporting, analysis, compliance with regulatory requirements.
• In partnership with stakeholders, evaluate and perform 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
• Validation of action steps taken by business to resolve issues
• Spot checks and thematic reviews to improve overall control environment
• Project Management for key controls related projects run by the OCM team
• Review key risk indicator framework; Scorecards, Dashboards to ensure appropriateness of Metrics / KPIs and facilitate business reviews
• Be able to do Data Analysis and build a strong and robust MIS platform and program & drive initiatives to improve controls
• Provide input to various control committees and forums
Skills and Qualifications
• MBA / Graduate or Post-Graduate with 5-10 years experience in operations or Bachelors degree in Finance, Accounting, Engineering, Supply Chain or Business related discipline with 3+ years of relevant work experience in Risk & Controls, Internal Controls Design & Review, or Risk Consulting
• Strong business knowledge i.e. AWM business including industry, product, process and system knowledge
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio) and basic knowledge of Tableau/Qlikview skills
• Flexibility to work global hours
• Highly motivated, self-starter who takes ownership and can drive change through innovation
• Proficient knowledge of control and risk management concepts with the ability to design, create and evaluate risks and controls in conjunction with business partners
• Excellent written and verbal communication skills with an ability to influence in a meaningful and actionable manner
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Keyskills :
third party vendorssubject matter expertiseenvironmental impact assessmentroot causesupply chaindrive changerisk reviewsdata analysiscontrol designrisk management