JP Morgan’s Oversight and Control Group are responsible for setting standards and providing the tools and infrastructure that ensures the Corporate and Investment Bank has a seamless front to back control environment deployed in mitigation of the Business’ inherent operating risks.
The Treasury Services Business Control Officer (‘BCO’) will have a reporting line to Global Banking Controls Officer, working in close partnership with the Business Management, Operations and Technology Controls Management teams in overseeing the control environment. They will also partner with the Legal, Compliance, Risk, and Audit functions aligned to and supporting that Business.
The role is to lead the Global Business Control Office for the Treasury Services business, with a team distributed across NA, LATAM, EMEA and APAC. This is a team of skilled change, risk and controls experts responsible for managing the end to end control environment spanning all of the primary functions from business execution to operations. The Treasury Services BCO team is part of a wider Banking BCO team which reports functionally into the Oversight and Control office and the Banking CFO.
The BCO role is a key role for the business in the current environment and to meet the increasing demands from the business and regulators, the role has continued to evolve. The focus of the role is on ownership, enhancement and execution of the controls and closely aligned with the business management function. As the role continues to grow in importance it will continue to evolve and the successful candidate will have a key role to play in defining changes to the role going forward.
The Business Control Officers focus includes:
• Act as trusted Front Office control advisors and as first line of defense with the Business on the control agenda
• Represent Business interests vis a vis control/regulatory initiatives
• Execute and implement business control priorities and strategy
• Lead Front Office Supervisory management and execution
• Manage control and risk governance implementation and reporting
Key responsibilities include
• Co lead business control governance with the senior Business Executive
• Front Office/Business supervision management
o Supervisory attestations
o Policy development, review and implementation
o Standard operating procedures documentation and implementation
o Identify and remediate control gaps
o Front Office Supervision (FOS) portal development and oversight including exception management
• Control and regulatory governance management
o Front Office/Business Controls representative in control forums
o Preparation for internal and external regulatory & control meetings/reviews
• Drive and refine RCSA, error governance, control deep dives
• Management of the Treasury Services Business Control team across jurisdictions and membership of the Treasury Services Business Control and Treasury Services leadership team
The BCO will interact with multiple line and corporate functions and need to be able to partner effectively with senior executives of the firm. The individual will need to continue to build upon existing strong relationships with the Treasury Services business and develop a deep understanding of the business, its control challenges, the architecture and products.
The candidate should be interested in working in a fast-paced and dynamic environment, participating in key initiatives and becoming involved in a diverse set of issues that will have a direct impact on the organization.
Understanding of Treasury Services products and their relationship with the broader Institutional offering
o Highly motivated, energetic self-starter who takes ownership
o Outstanding organizational skills - manages & prioritizes multiple tasks across different time horizons within deadlines
o Excellent people management and leadership experience
o Understanding of the end to end product life cycle and strong understanding of transaction lifecycles, systems and controls and the functions responsible for execution of those controls
o Investigative mindset, able to see issues at both a high-level and in detail, and understand applicability across the business
o Ability to look through compliance, legal, regulatory and accounting constraints to identify and understand residual risk to the firm
o Familiarity with risk measurements and understanding of their limitations
o Proven track record in partnering with Business Seniors to proactively identify growth areas and emerging risks.
o Proven track record of initiating policy and control improvement and driving programs and that enhance transparency, governance or control.
o Demonstrable analytical, problem solving & process re-engineering skills
o Excellent Excel, Word, PowerPoint skills
o Excellent verbal and written communication skills
o Strong team player with excellent partnering and influencing skill
o Previous experience in Controls, Risk, Audit or Business Management functions would be helpful
Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.
The firm invites all interested and qualified candidates to apply for employment opportunities.
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