CCB Risk - Mortgage Banking, Operational Risk, VP - Columbus OH
Job Description
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
This position in Consumer & Community Banking (CCB) Operational Risk supports Mortgage Banking business functions (Originations, Marketing, Capital Markets, Servicing/Default and Support Services) and the Mortgage Banking Risk Management organization.
CCB Operational Risk is responsible for independentely challenging the Operational Risk Management Framework (ORMF) to help identify, evaluate and measure operational risk and operating losses, drive the quality and effectiveness of controls, and define operational risk scenarios for capital estimates.
Must execute the following objectives:
- Manage ORMF objectives and requirements
- Foster lead relationships with Corporate Operational Risk, Risk Management, and Oversight & Control teams, as well as Mortgage Banking business owners
- Act as a strategic advisor for all Mortgage Banking functional levels and consult with senior leadership; work with Oversight & Control partners on the assessment of operational risk, including fraud, legal, compliance, technology and finance risk
- Monitor inherent risk profiles in the business and the control environments, and provide guidance on risk mitigation and process improvement activities
- Provide oversight of Risk Control Self Assessment (RCSA) activities and verify conformance to RCSA standards mandated by the ORMF
- Identify unmitigated or partially mitigated business risks, which can result in material financial, operational regulatory or reputational risks for the firm
- Assess the risk associated with new business initiatives and change management activities
- Ensure a broad, data-driven monitoring program for key risk drivers, exposures, controls, or potential operational risk events across processes
- Minimum of five (5) years experience in risk management or other related experience required (financial services environment preferred)
- Bachelor’s degree in business, finance/accounting or related field; or equivalent work experience required
- Extensive operational experience in Mortgage Banking (Originations, Capital Markets, Servicing/Default, Support Services) preferred
- Experience with capital models or scenarios preferred
- Must possess strong analytical and problem solving skills to be used in operational evaluation and interpretation of compliance information
- Able to follow complex methods, processes and procedures in diverse routine and non-routine tasks
- Able to handle highly confidential information and material in a professional manner
- Strong priority management and multi-tasking skills required
- Able to operate in a matrixed environment; must be able to directly influence change, negotiate, and appropriately escalate
- Strong communication, presentation, project management and leadership skills required
- Highest level of professionalism, self-motivation and sense of urgency
- Flexible and able to work in a fast-paced environment to effectively meet deadlines and work with minimal supervision
