Asset Wealth Management- Fiduciary Risk, Executive Director

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

As Asset Wealth Management - Juduciary Risk, Executive Director, you will be responsible for oversight of this newly formed business channel from startup to execution. The CRO will be responsible for ensuring that the business understands the risks in the newly formed model, the customer segment as well as ensuring there are robust controls/standards/frameworks in place to mitigate risk and allow the business to grow successfully and prudently. The CRO is responsible for proactively overseeing the business team, as appropriate, and will partner closely with legal, compliance and controls to ensure all risks are understood, measured and transparent. Develop effective working relationships with the JPMPC business teams

Job Responsibilities 

• Identify risk issues in the business and perform reviews into such areas to identify gaps and recommend risk mitigation strategies
• Active role in the New Business Initiative process and decision making around structure and design
• Represent Risk in committees and/or meetings and review key risk issues, as appropriate
• Act as the Chief Risk Officer, reporting directly to the CRO of JPMWM
• Represent Risk Management in regulatory exams and internal audits impacting the Private Client Business
• Review, develop, enhance, and implement Private Client Risk Frameworks (procedures, guidelines, etc.)
• Develop a complete and holisitic reporting suite including the creating and calibration of Key Risk and Performance indicators to ensure all risks are known and measured
• Build a team of professionals to support the initiative and independently challenge / oversee the various components of the business model
• Work with technology to evaluate and ensure consistency in Risk metrics

 

Requires qualifications, capabilities and skills

• Bachelor’s degree in Finance/related fields
• 7 plus years’ work experience in Financial Services, Risk Management, Compliance, Legal, Audit or Related Consulting with Banking / Wealth Management  
• Familiarity with the Wealth Management product suite and governing rules 

Preferred qualifications, capabilities and skills

• Have substantial expertise in Financial Services and or Wealth Management
• Have a demonstrated history of working on cross-functional teams and impacting change
• Have excellent presentation skills (both written and verbal) with the ability to deliver recommendations to multiple stakeholders and influence senior management
• Are comfortable and proficient in dealing with data and large data sets
• Exhibit healthy skepticism while being detail oriented and maintaining the trust of your business partners

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are d