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MB Capital Markets Risk Analyst II

Job Description

The MB Capital Markets Risk Analyst II is responsible for assisting with monitoring all aspects of risk affiliated with processes within Capital Markets Operations & Investor Remedy. This includes oversight of systems inherent to the department, host systems, Business Continuity and Resiliency, procedures and process controls, risk control self-assessments, Phoenix action plans, and protecting personal identity information.
  • Monitoring system access controls, ensuring system role access is restricted to job function requirements. Modifying/removing access in response to job function or process flow changes.
  • Monitoring the accuracy of the Risk Assessments by ensuring all inherent risks are identified and properly ranked. Reporting results and findings to Risk Oversight & Process Management for developing, establishing, and implementing effective controls to mitigate risks while withstanding volume fluctuations. Performing regular evaluation of controls to ensure consistent execution adherence and control effectiveness.  
Business Continuity/Resiliency
  • Monitoring business continuity and resiliency by maintaining a comprehensive and executable disaster recovery plan and Business Impact Analysis (BIA). This includes systemic and site/location disaster recovery, ensuring recovery site contains all required hardware, support management in coordinating team relocation, and connectivity validations for all required applications.
Personal Identity Information
  • Performing regular reviews and monitoring for adherence to the Corporate Privacy Policy to secure all PI data. 
Process Control
  • Performing evaluations of processes to identify inefficiencies. Partnering with the department managers to develop or redesign processes, ensuring implementation and execution adherence. 
  • Working with management for control report creation and implementation. Establishing new or enhanced procedures, confirming execution adherence and risk mitigation controls.
  • Performing reviews of department procedures to ensure procedures are accurately defined and consistently updated to reflect the current environment. Maintaining version control of procedures to meet audit requirements.
  • Monitoring the accuracy of all Risk Control Self-Assessments (RCSA’s) to confirm appropriate Phoenix risk ratings. Performing continuous evaluation of existing processes and confirming effective risk control mitigation with management. Reviewing the business & guidance requirements to validate established processes are fully detailed. Identifying business and system changes impacting process controls and reporting results to management for reassessment.
  • Performing RCSA testing in partnership with the Control Team on a regular basis to validate processes.  Recommending changes based on test results, and documenting/retaining testing results  for audit tracking.
  • Coordinating and participating with management in audit communications for all departments, including compilation of required audit documentation to ensure expeditious and consistent audit responses.
Initiatives and Project Support
  • Perform Ad Hoc assignments / initiatives / special projects as assigned
  • Bachelors degree (BS / BA) preferred.
  • Minimum 3-5 years experience in Mortgage Operations/Operational Risk and/or Compliance.
  • A working knowledge of audit, risk and operational management concepts and the ability to understand and interpret the impact of policy and procedural changes, as well as identify and convey potential problem areas.
  • Demonstrated experience in developing fact based, value added risk analysis, providing insight into potential gaps and recommending opportunities to mitigate risk.
  • Strong analytical skills, advanced judgment capability, strong problem solving and timely decision making ability.
  • Perform technical tasks, using MS Office Application tools such as Excel and Power Point. 
  • Excellent written and verbal communication skills.
  • Excellent time management and planning skills.

  • Detailed oriented with the ability to work independently.

  • Excellent computer skills; proficiency in  MS Office Applications, particularly PowerPoint and  Excel

  • Ability to work in a team environment, provide oversight and directly influence change.

  • Ability to partner with colleagues & develop positive working relationships to create an open environment for sharing risk identification & resolution practices.

  • Ability to adapt to work flow variation and change.

Req #: 160020913
Location: Jersey City, NJ US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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