Quantitative Research (QR) Business Control Manager – Vice President

Job title:

Quantitative Research (QR) Business Control Manager – Vice President

Company:

JPMorgan Chase

Job description

Job Description:As the Quantitative Research (QR) Business Control Manager (BCM) – Vice President for Markets QR, you will lead the controls agenda, acting as the First Line of Defense (1LoD) to maintain a robust control environment. You will be responsible for identifying control gaps and weaknesses, and developing strategies to address them. You will partner with Quantitative Research (QR), Trading, Model Risk and Governance, and Technology teams to assess, design, and implement sustainable solutions to mitigate model and operational risks. The Control Manager Vice President provides leadership to create a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols.Markets QR BCM covers a variety of QR teams in Trading across the globe, including Equities, Rates, Fixed Income Financing (FIF), Currency Emerging Market (CEM), Credit Portfolio Group (CPG), Foreign Exchange (FX), Credit, Securitized Product Group (SPG), and Commodities. These teams offer estimation solutions to the trading desks, including models and tools used in valuation, electronic trade execution, risk and sensitivities analysis, counterparty credit exposures, and artificial intelligence/machine learning (AI/ML).Job responsibilities

• Analyze QR’s control environment continuously to identify gaps and weaknesses through Risk & Control Self-Assessments.
• Develop strategies to address identified risks and enhance the control environment; ensure controls are properly designed, implemented and are sustainable.
• Track, report, and resolve identified control gaps and weaknesses, reviewing issues and action plans in CORE (Controls and Operational Risk Evaluation) to ensure timely resolution.
• Review, challenge, and substantiate control ratings and risk results to ensure accuracy and reliability.
• Ensure appropriate controls are in place to support new business initiatives and/or initiatives driven by regulatory or policy changes.
• Facilitate the execution of various Front Office supervisory controls, attestations, and exception management.
• Lead / Coordinate end-to-end audits, control testing, and regulatory exams or inquiries in partnership with business.

Required qualifications, capabilities, and skills

• Deep understanding of operational risks and controls, with the ability to design, implement, and monitor effective control frameworks.
• Excellent analytical and problem-solving skills; ability to conduct risk assessments, perform root cause analysis, develop mitigation strategies, and apply process re-engineering.
• Possess an investigative mindset, able to see issues both at a high-level and in detail; understand their applicability to the business.
• Excellent verbal and written communication skills, capable of conveying complex information simply to diverse stakeholders across first, second and third lines of defense, as well as senior management.
• Polished interpersonal skills with the ability to effectively challenge and build consensus across the organization.
• Self-starter able to work independently with minimal instructions and proactively find answers, even when the solutions are not clear-cut.
• Ability to manage multiple projects simultaneously, prioritize tasks effectively, and deliver timely.
• Act with confidence and good judgement, directly address conflicts and escalate issues where appropriate.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio)

Preferred qualification, capabilities, and skills

• Relevant Financial service experience in a controls, audit, quality assurance, risk management, compliance or model governance function
• Proficient knowledge of control and risk management concepts with the ability to design, create, and evaluate a Risk & Control Self-Assessment in conjunction with business partners
• Understanding of model risks, development, and life cycle
• Prior exposure to front office beneficial

About Us: J.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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our for more information about requesting an accommodation.About the Team:The 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.

Expected salary

Location

London

Job date

Sun, 25 Aug 2024 01:46:37 GMT

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