CIB Operations - Credit Derivatives - Middle Office - Controls Officer - VP

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • J.P.Morgan
  • 18 Oct 18

CIB Operations - Credit Derivatives - Middle Office - Controls Officer - VP

J.P. Morgan's Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

As part of the Credit Middle Office team, the team works in a dynamic operating environment, reviewing changing regulations and ensuring JPM is compliant with the regulation as well as having the proper controls in place. The team is responsible for monitoring these controls and ensuring a quick resolution to any issues. The team also looks at Global Credit Middle Office's strategic objectives and their implementations. The team partners closely with the Credit Business, Business Management, other project teams, Technology, Legal and Compliance.

Role's Responsibilities

    • Controls:
    • Oversight on control framework and periodic review of controls to Identify and remediate control gaps
    • Reporting & administration of Business Control Forums (BCFs) and related control meetings with support functions
    • Standard operating procedures documentation and implementation including digital checklist evidencing.
    • Event & Reporting Management:
    • Risk Event Management: investigation, documentation and Remediation of Operational risk events and errors
    • Key Metrics Review: Co-ordination & Remediation
    • Suboptimal & strategic tech solutions review
    • Front Office Supervision reporting and oversight including exception management
    • CSA deliveries and closure management
    • Control Submissions:
    • Conduct a formal review and submission of Global controls, Inherent & Residual risk, annual 'Risk and Control Self Assessment' (RCSA).
    • Review and Oversight of SOX controls
    • Governance management:
    • Audit Co-ordination
    • Compliance/OLO Exercises
    • Resiliency Management
    • Periodic middle office Access certification
    • Regulatory management:
    • Oversight on Regulatory Data Submissions (e.g. Inventory refresh, Volcker attestation)
    • Oversight on Regulatory breaches and Remediation
    • Co-ordinate and facilitate the submission for Legal enquiries
    • Policies:
    • Adherence to Non feeding books
    • Annual review of Middle office standards
    • Periodic policy compliant (Consecutive leave, Client complains, User tools, Secure email, Training)
    • Collaborate:
    • Collaborate with Loans & Bonds OCM's to produce sensible and informative key metrics for the Front office and Ops Management.
    • Work with other lines of business such as Rates, Equities to ensure the control framework is up to date
    • Provide input for firm wide & Industry initiatives related to Controls and Infrastructure
    • Work in partnership with BCO to recertify accesses for desks annually
    • Regional ORM's will report in to the Global ORM however work in Collaboration with Local ORM teams
    • Strong working knowledge of end to end flows of at least 1 CIB product class/process
    • Numerical aptitude with strong analytical and problem solving skills
    • Ability to quickly grasp new features/products in a complex environment
    • Effective time management skills including goal setting, planning, prioritizing, scheduling, and monitoring
    • Self-starter and ability to work under limited supervision
    • Organized and delivery focused with attention to detail
    • Good time management and multi-tasking skills with the ability to work well under pressure
    • Good relationship building skills and ability to deal with counterparts at all levels
    • Strong leadership potential
    • Proactive mindset
    • Excellent Excel skills