India Markets - Business Control Manager - Associate

Job Description

The Role This role at Associates level is within Business Control Management (BCM), located in Mumbai/India, reporting into Finance & Business Management (F&BM), covering the Fixed Income Sales & Marketing and Currencies and Emerging Markets (CEM) Trading teams in India. The BCM role is key for the business in the current environment which increasing focuses first line of control. To meet the increasing demands, the role continues to evolve being focused on governance, ownership, enhancement and execution of controls, covering the Business, and Operations and Technology supporting the business. The Business Controls Management team (BCM) develops and implements the first line of defense governance and controls for J.P. Morgan s Corporate and Investment Bank. The BCM has responsibilities in control design, implementation, evaluation and representation to internal and external parties including global regulators. The BCM needs to develop deep relationships with stakeholders across functional lines, understanding of the businesses, their risks, controls, architecture, and products. BCMs aim to maintain a strong and consistent control environment across the firm and implement best in class supervisory culture. With BCMs 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 with sustainable solutions to mitigate operational risk.Business Control Managers:
• Represent Front Office interests vis a vis control/regulatory initiatives
• Execute and implement business controls priorities and strategy
• Provide Front Office supervisory management and execution
• Manage the risk and control governance, escalation framework and reporting
On a day-to-day basis the BCM will be responsible for: Primary Responsibilities The successful candidate will be part of team that is responsible the Fixed Income and Currency Sales and CEM Trading Business Controls agendas. Oversight and Governance in partnership with Business Executives and Core business support groups (Operations, Product Control, Compliance, Technology, location controls and Market Risk)This includes being able to:
• Own and ensure delivery of strategic control initiatives
• Drive the control agenda to identify and remediate control gaps
• Review and implementation of key firm wide policy reviews on behalf of the Business
• Review and execution of ad hoc/analytical requests/control deep dives/ projects/resiliency/business best practices.
• Review Issue and Action Plans in CORE ensuring material risks properly mitigated and validate execution and closure.
• Timely identification, escalation and recording of operational errors, performing risk analysis
• Timely review of incidents such as risk events and data breach incidents with key stakeholders to agree on root causes and delivery of appropriate control deep dives and remedial actions
• Lead thematic reviews to deliver a consistent and improved control environment and/or address specific regulatory concerns.
• Work with location controls on local legal entity related regulatory governance, attestations, review etc
• Review, challenge and substantiate control ratings and risk results.
Front Office supervision
• Facilitate the execution of various Supervisory controls, attestations and exception management
• Review and implementation of Policies and Procedures on Front Office Supervision
• Review and implementation of Front Office Supervisory tools
• Understanding the business well enough to be able to proactively manage efficiencies through MIS/reporting and creativity
Regulatory, Audits and Compliance Testing
• Provide the business with guidance in relation to controls audits and testing as well as assisting in business regulatory exams
• Responsible for timely execution and completion of any issues and actions plans raised
• Responsible for ensuring appropriate controls are in place to support regulatory implementations impacting the business
Operational Risk Management Framework (ORMF) Key components include:
• Manage Control and Operational Risk Evaluation process
• Timely identification, escalation and recording of operational errors
• Timely review of incidents with key stakeholders to agree on root causes and delivery of appropriate remedial actions
The candidate should be interested in working in a fast-paced and dynamic environment, participating in key initiatives, as a trusted advisor to the business, and becoming involved in a diverse set of issues that will have a direct impact on the organization. Qualifications, Skills and Experience
• Understanding of Fixed Income products and markets
• Awareness of key India regulations and ability to interact with Regulators /auditors when required.
• Knowledge of Best Execution practices
• Strong personality able to work with senior business management, guiding and challenging as appropriate
• Highly motivated, energetic self-starter who takes ownership
• Good organizational skills - manages & prioritizes multiple tasks across different time horizons within deadlines
• A good understanding of controls and how to apply them to different processes and businesses
• Investigative mind-set, able to see issues at both a high-level and in detail, and understand applicability across the business
• Strong analytical, problem solving & process re-engineering skills
• Excellent Excel, Word, PowerPoint skills
• Excellent verbal and written communication skills
• Good judgment, maturity and poise to enable interaction/influencing of senior management
• Strong team player with excellent partnering and influencing skill
• Previous experience in Controls or Business Management would be beneficial
About UsJ.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.About the TeamThe Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.Control Management maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk. The team focuses on four areas: Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.,

Keyskills :
risk management frameworkfront officefixed incomemusic makingbest executioncontrol designsupport groupsrisk managementproduct controlproblem solving