J .P. Morgan's Commodities Trading Group offers clients a comprehensive setof market-making, structuring and risk management capabilities across the fullspectrum of Commodities asset classes.
The Business Controls Management team (BCM) develops and implements thefirst line of defence governance and controls for J.P. Morgan's Corporate andInvestment Bank- Commodities Trading division. The BCM hasresponsibilities in control design, implementation, evaluation andrepresentation to internal and external parties including global regulators. The BCM needs to develop deep relationships with stakeholders across functionallines, understanding of the businesses, their risks, controls, architecture,and products.
Job Description :
The successfulcandidate will manage the Americas Commodities Trading Business ControlsTeam.
The successful candidate will be required to:
Manage a small business control management team covering AmericasCommodities Trading activities
Be a trusted Front Office control advisor on Trading matters
Represent Front Office interests vis a vis control/regulatory initiatives
Execute and implement business controls priorities and strategy
Facilitate Front Office supervisory management and execution
Implement, govern, and report upon control and risk initiatives
Bea trusted control advisor on E-trading matters
On a day to day basisthe BCM will be responsible for:
Business levelkey control monitoring :
Assess and monitor critical operational andconduct risk
Review, challenge and substantiate control ratingsand risk results.
Drive control agenda at functional levelacross critical business unit risks.
Lead Risk Control Self-Assessment (RCSA)/COREand other business reviews.
Thematic reviews, risk analysis, control deep dives
Review action plans ensuring material risksproperly mitigated and validate execution and closure.
Deep dive of errors and risk events to ensureall control gaps are highlighted and appropriate actions taken.
Running cross LOB thematic and specificreviews to deliver a consistent and improved control environment and/or addressspecific regulatory concerns.
Represent Commodities Trading and provideleadership and business expertise into Corporate and CIB policy and othercross business control reviews.
LOB controls oversight and governance
Chair/co-lead critical business controlforums (in conjunction with business head), and drive agenda to ensure forumeffectively covers critical operating risk.
BS or MS level - in an applicable field or sufficient compensating experience
Minimum of 10 year's industry experience at senior or supervisory level in a relevant risk or control function.
Demonstrate solid understanding of Markets business and products, preferably Commodities products
Strong understanding of transaction lifecycles, systems and controls and the functions responsible for execution of those controls.
Familiarity with risk measurements and understanding of their limitations
Proven track record in partnering with business heads to proactively identify growth areas and emerging risks.
Demonstrate confident leadership and sound judgment to influence a strong culture and risk management
Proven track record of initiating policy and control improvement and driving programs and that enhance transparency, governance or control.
Internal Number: 6321506
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