JPMorgan Private Bank is the world’s premier private bank, operating globally, catering for an ultra high net worth client base with highly sophisticated investment, wealth preservation and financing requirements. Through discretionary and brokerage services the Private Bank offers a broad range of investment solutions encompassing alternative investments, structured products, mutual funds, derivatives and securities. It also offers cash management, corporate finance advice, structured lending, and acts as manager of regulated funds. For the EMEA platform product origination, structuring and execution are conducted from the London operation.
EMEA Compliance Coverage Strategy
The EMEA Compliance coverage strategy requires:
Product expertise, the in-depth knowledge of a full range of products, including fx and securities, banking products, derivatives, structured products, investment funds (including Hedge Funds and Private Equity), their purpose, target clients, specific relevant risks, deal/trade/process flow and settlement.
Core expertise, the in-depth knowledge and application of firm policy and regulatory requirements across multiple product, service and jurisdictions. Examples include Suitability, CASS rules, Conflicts of Interest, Private Placement rules, AML, Chinese Walls, FSA Licensing & Registration, Disclosure of Interest, Best Execution, Market Abuse, and UCITS.
The successful candidate will report directly to the EMEA Head of PB Compliance and will be a key member of a small but highly regarded team. The individual will provide general support to the Private Bank businesses conducted in the region and will focus on banking, lending, securities, derivatives and other investment products. Specifically, the individual will:
Assess and analyse Compliance and Regulatory issues;
Assess and analyse the impact of proposed new products, services and procedures;
Assist business management in the development of policies and procedures designed to achieve and ensure compliance with firm and regulatory requirements;
Provide clear advice on the application of UK, EU and US rules and firm policy;
Liaise with internal and external auditors and manage responses and action compliance issues raised in audit reports & Control Self Assessment reviews;
Work with global and regional compliance management;
Identify and investigate potential rule and policy breaches, conduct investigations, coordinating corrective action with other control functions as necessary/required;
Keep abreast of industry trends and “hot issues” and anticipate areas of focus and attention of regulators, keeping business management and Compliance colleagues informed.