Asset Management – Operational Risk Management – Analyst - London

Job description

J. P. Morgan Chase

AM Risk, Global Investment Management, Analyst – Operational Risk Management

JPMorgan Chase is one of the oldest financial institutions in the United States with a history dating back over 200 years. We are a leading global financial services firm with assets of $2.4 trillion operating in more than 60 countries. We have 260,000 employees serving millions of consumers, small businesses and many of the worlds most prominent corporate, institutional and government clients. We are a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. We have fiduciary assets under supervision and assets under management/custody of over $4.1trillion combined and are one of the largest asset and wealth managers in the world.

Risk Management:
JPMorgan Chase's firmwide Risk Management function operates independently of marketing and product groups within the lines of business The Chief Risk Officer (CRO) of the firm reports directly to the CEO and is accountable to the Board of Directors, primarily through the Directors Risk Policy Committee.

JPMorgan Chase believes in a holistic approach to risk analysis by incorporating key risk disciplines including but not limited to Credit, Market, Principal, Liquidity, Model, Legal, Fiduciary, Reputation, and Operational Risk weighing these against returns.
Our Risk Management team is committed to being a world-class leader in risk management, maintaining a system of strong controls, providing guidance and clear direction on key principles and proactively managing risks. The Chief Risk Officer of Asset Management (AM CRO) reports directly to the firmwide CRO and is a member of the Risk Operating Committee as well as the Asset Management Operating Committee. Operational Risk Officers have been appointed for each LOB. The Op Risk officers are members of the independent Risk organization and are responsible for providing oversight of the implementation of the Operational Risk Management Framework within each LOB. The AM Op Risk officer reports to the AM CRO.

Role Summary:

J.P. Morgan Asset Management is a leading asset manager for individuals , advisors and institutions . Our investment professionals are located around the world, providing strategies that span the full spectrum of asset classes.

As one of the largest asset and wealth managers in the world, with assets under management of $1.5 trillion (as of September 30, 2013), we provide global market insights and a range of investment capabilities that few other firms can match.
Within AM Global Investment Management, the Operational Risk Manager is responsible for oversight of the implementation of the Operational Risk Management Framework (ORMF) for GIM. He/she is responsible for ensuring that the business understands its operational risks and has robust standards, controls and practices in place to mitigate these risks which could impact its capital, earnings, reputation or business operations or opportunities.

Key responsibilities include:
· Ensure the effective execution and convergence of the elements within the Operational Risk Management Framework (ORMF) including: operational loss data capture, reporting, scenario analysis, operational risk capital allocation, maintenance of strong governance and culture of transparency.
· Assist in monitoring GIM EMEA's compliance with Operational Risk Management Framework and internal oversight including firm wide op risk policies and procedures
· Assist Corporate Operational Risk (COR) to provide input into policy updates and procedures input on Framework components: collaborate with other ORO teams to share lessons learned and best practices
· Assist to analyzes potential operational risks within the business
· Assist in reviewing credible challenge business unit's documented operational risk processes and procedures including RCSA independent challenge process
· Assist in resolution of issue/variance in RED QA. Work with AM Oversight and Controls to make corrections to individual Operational Risk Events, Error data quality remediation in Phoenix and document process enhancements based on QA results.
· Assist in metric and data-driven monitoring of key risk drivers, exposures, controls or potential risk events across processes; developing/leveraging metrics and KRI data (e.g., potential fraud, client complaints) to identify risk trends and themes
· Learn analytical capabilities to support and challenge the operational risk assessment (RCSA) processes for the businesses; work with the AM ORO team to drive robust assessments
· Assist/participate in governance forums including supporting secretary of the different risk and control committees in GIM EMEA and prepare required updates and materials as needed

Desired profile

Qualifications:
· Experience associated with Asset Management business is preferred
· Proven experience in financial services industry, with specific experience in Operational Risk, Finance, Statistical Modeling, Audit, Compliance or related risk management areas is required
· Undergraduate degree required in related field
· Working knowledge of banking operations, financial services laws and regulatory environment preferred
· Good analytical and problem-solving skills; inquisitive nature and comfortable in challenging current practices
· Proven ability to anticipate and identify risks and effective mitigation
· Good communication skills, both verbal and written

About J.P. Morgan's Corporate & Investment Bank

J.P. Morgan's Corporate & Investment Bank 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. Further information about J.P. Morgan is available at www.jpmorgan.com .

JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.