DescriptionAs a Compliance - Quality Assurance – Senior Compliance Officer in the Compliance, Conduct and Operational Risk (CCOR) Quality Assurance Monitoring and Testing (M&T) team, you will effectively partner with Line of Business (LOB) and global/regional Compliance teams and Monitoring and Testing teams; including Internal Audit, Operational Risk and other Control functions. You will be part of a team of individuals responsible for providing solutions to drive effective controls monitoring and testing techniques using data, and for the execution of certain monitoring and testing engagements. In this role, you may provide Compliance coverage for several areas, in addition to serving as the team’s subject matter expert for specific regulations in executing the following Core Practices: Governance and Oversight, Regulatory Management, Policies and Procedures, Training and Awareness, Monitoring and Testing, Issue Management, Risk Assessment and Reporting, and Risk Control Self-Assessment. Our team will be covering all Lines of Business within JP Morgan (e.g., Corporate and Investment Bank, Asset Wealth Management, Commercial Bank and Consumer Community Banking).
Job responsibilities
- Leads, executes, and participates in CCOR M&T reviews in accordance with the established M&T program.
- Develops, maintains, and executes the annual testing plan, identifies potential gaps, and follows through on reporting, escalation, and resolution.
- A team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results with effective communication and collaboration with the stakeholders viz includes – Global Testing heads, Legal, Audit, and regulators on risk related topics
- Assesses (including the root cause analysis), documents, and communicates emerging risks, themes and identified issues to leadership and risk partners in a timely manner. Provides status updates to key stakeholders on programs and specific reviews where warranted.
- Continuously seek opportunities to simplify, consolidate and automate existing M&T disciplines and activities and develop repeatable solutions for automated and ‘full population’ control testing.
- Stay abreast of new tools and technologies to assist in creating the most efficient and effective solutions and be accountable to CCOR stakeholders across the firm’s global footprint
- Strong relationship building skills to influence/negotiate desired outcomes. Excellent interpersonal skills necessary to work effectively with colleagues and senior management. Strong verbal/written communication. Manages communication and collaboration with global stakeholders viz includes – Global Testing heads, Legal, Audit, and regulators on risk related topics
- Support developing project plans and document and analyze business systems/processes
- Build partnerships and Quality champions with the M&T team
- Review quality of completed work, based on Firmwide standards.
- Identify key issues, trends, observations and effectively report summary results to key stakeholders. Ensure consistency with the Global QA framework and governance approach.
Required qualifications, capabilities, and skills
- Master’s or bachelor’s degree in one or a combination of the following: Finance, Accounting, Analytics or Reporting.
- Minimum 10+ years of relevant experience in the financial services industry in Compliance, Risk management, Audit preferably.
- Solid understanding of internal control concepts with the ability to evaluate and determine the adequacy of controls by considering business and technology risks in an integrated manner. This includes strong analytical skills particularly in regard to assessing the risks associated with execution deficiencies.
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Strong relationship building skills to influence/negotiate desired outcomes. Excellent interpersonal skills necessary to work effectively with colleagues and senior management. Strong verbal/written communication
- Ability to perform end to end reviews of processes, think through various risks, understand applicability of different regulations and policies and ultimately be able to identify gaps / risks in operating environment.
- Ability to innovate, challenge the status quo and identify automation / process re-engineering opportunities.
- Working hours will be 1.30 to 10.30 pm IST.