Global Wealth Management Risk Management: Fiduciary Risk -Vice President
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.
The Private Banking business provides trustee, investment management, and related fiduciary services to wealthy individuals globally totaling $500bn in assets and must uphold our fiduciary obligations (“fiduciary risk”). Fiduciary risk is the risk that results from the failure to exercise the applicable standard of care, failure to act in the best interests of the clients or treat clients fairly as required under applicable law or regulation, potentially resulting in regulatory risk, reputation risk, and financial liability
The Fiduciary Risk Management team is responsible for proactive management of financial, reputation, regulatory, fiduciary, and operational risks incurred by the Bank as a provider of services to its clients; ensuring an effective, risk-aware business environment in Private Banking.
Fiduciary activities monitored include, the introduction of new products and investment strategies; review and approval of pricing strategy of discretionary products and services to ensure reasonable fees with full and appropriate disclosures; review the higher risk operational activities ensuring appropriate policies and procedures are reviewed and approved by senior management; ensure decisions made mitigate any potential conflicts of interests, review trustee activities to ensure JPMorgan is balancing the interests of income vs. remainder beneficiaries and managing co-trustee relationships effectively.
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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