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Asset Management, Private Bank, Market Supervisory Manager, Vice President, New York

Job Description

JPMorgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to high net worth individuals and families in 36 countries around the world. We deliver highly customized and tailored solutions to help clients with the many complexities they face by leveraging the entire commercial and investment banking capabilities of the firm.

 

Private Bank Market Supervisory Manager supporting the New Jersey Private Banking Team
 
The Private Bank Market Supervisory Manager (SM) coordinates and works closely with Ultra High Net Worth and High Net Worth clients in the Private Bank, Risk Control, Marketing, Compliance and Legal on issues that arise in the regional teams.
 
The Supervisory Manager will be responsible for the administrative and reporting requirements necessary to demonstrate daily supervision for the Supervisory Management team.
 
Supervisory responsibilities will include (but are not limited to):
  • Review all incoming and outgoing correspondence, incoming and outgoing faxes and designated emails.
  • Review and approve gifts, outside business requests, opening of new accounts and employee personal trading requests.
  • Review and update team email lists for surveillance as needed.
  • Review and assist with registration updates and employee pre-hires.
  • Review and work with Compliance on approval of Marketing Materials.
  • Analyze and review trading activity, account holdings and client profile for suitability concerns and take action as required.  
  • Assist with the trading and processing of errors and approval of cancel/corrects. This includes identifying circumstances, taking market action when necessary to resolve the error and completing the error reporting. The Supervisory Manager will assign responsibility for errors as necessary.
  • Approve updates to account information as needed.
  • Approve suitability of accounts to participate in Private Equity, Hedge Funds and Structured Products.
  • Assist and coordinate internal examinations conducted by Compliance and Internal Audit. Responsibilities include representing management in demonstrating adherence to internal policies and procedures, as well as providing all necessary documentation in accordance with internal examiners' requests.
  • Assist in the preparation for regulatory audits.
  • Analyze and approve accounts to transact in new issues.
  • Assist in the review, response and escalation of client complaints.
  • Respond to surveillance related inquiries from compliance.

 

  • Strong interpersonal communication and listening skills are required.  Candidate must be comfortable speaking in front of groups and on a "one-on-one" basis. 
  • Strong understanding around regulatory requirements and best practices for Brokerage and Private Bank environments.
  • Strong organization and follow up skills. Ability to work well on an integrated team.
  • Comfortable making decisions independently and dealing with conflict in high stress situations.
  • Ability to effectively communicate with all levels of personnel, including senior managers within and outside of the Private Bank. 
  • Provide supervisory coverage across regional teams as needed.
  • Requires 5 years experience as a Supervisory Manager or comparable job with a Brokerage or Wealth Management firm.
  • BA/BS required.
  • Requires the Series 7, 63, 8 (9&10), 24. Series 4 a plus.
  • If hired, you will be required to pass the series 4 within 90 days of start date.
Req #: 150109442
Location: New York, NY US
Job Category: Asset Management
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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