Compliance Risk Management Lead - Vice President

J.P. MORGAN-1; London; On-site; GBP 70,000 - 130,000; Full time

Job summary

A leading financial institution seeks a Compliance Risk Management Lead - Vice President to oversee compliance for the PMoD program across EMEA and APAC. The role involves managing regulatory risks, engaging stakeholders, and upholding compliance standards within Private Banking. Ideal candidates will possess extensive compliance experience, strong knowledge of financial regulations, and the ability to thrive in a dynamic environment.

Qualifications

• Strong background in compliance or regulatory risk management.
• Experience dealing with European or Global regulators.
• In-depth knowledge of PB products and services.

Responsibilities

• Assess compliance and regulatory risk impact within the PMoD program.
• Coordinate Compliance reviews and changes for business models.
• Engage with global risk programs to ensure alignment.

Skills

Compliance background

Regulatory risk management

Knowledge of financial regulations

Project management

Interpersonal skills

Negotiating skills

Multitasking

Knowledge of Private Banking products

Job description

Compliance plays a critical role in the successful execution of the firm's compliance mission. The Compliance function ensures the development and maintenance of a strong compliance culture by identifying and interpreting relevant regulatory rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit program infrastructure to identify, measure, and monitor compliance with applicable laws, regulations, and functions, providing expertise on regulatory compliance matters, assessing and measuring compliance and related risks, and monitoring and testing the adequacy of the firm's compliance control environment. The London Branch Compliance team, along with other Compliance colleagues, is responsible for overseeing the consistent implementation of Global policies and practices while ensuring regional and country nuances are adopted to account for local law and regulation.

As a Compliance Risk Management Lead - Vice President within the Compliance team, you will primarily focus on providing Compliance coverage of the PMoD programme across the International Private Bank (EMEA and APAC). You will join a dynamic team of Compliance professionals, building positive business stakeholder engagement and promoting a strong operational risk management culture to ensure the effective implementation of the Firm's Compliance, Conduct, and Operational Risk Management Framework.

Job Responsibilities

• Represent Compliance within the PMod program, assessing the compliance and regulatory risk impact of key changes to the broader business, influencing risk-based decisions, challenging the proposed control environment, and providing recommendations and guidance on Compliance policies to the initiatives;
• Identify the need for and after identifying, coordinate the Compliance review of PMoD driven business and operating model-led changes to determine impacts to the PMoD Program across various Compliance Subject Matter Experts;
• Partner with Regional and Global Compliance functions to check for consistency and leverage best practices for the Private Banking line of business;
• Provide advice on the application of new and existing UK (including FCA), EEA (including MiFID II), and coordinate with CCOR subject matter experts in APAC (Monetary Authority of Singapore and Hong Kong Monetary Authority) regulation concerning business and operating model changes resulting from PMoD;
• Conduct discovery reviews of emerging risks arising from PMoD to identify issues for the business to remediate, documenting outcomes and sharing results with stakeholders;
• Contribute to the performance of the Compliance risk assessment, testing, and monitoring program, as well as new business regulatory reviews, coordinating within the legal entity and across other group legal entities as necessary;
• Engage with global horizontal risk programs (e.g., Cross Border and Data Risk Management) to ensure business practices align with firmwide changes, define relevant monitoring & testing activities, and engage with related regional, Legal Entity, and global risk assessment programs (LERA, QORA);
• Prepare materials for regional and global forums to promote business awareness of Compliance activities' outcomes and support engagement in regulatory deliverables, including advising on the content and quality of PB submissions to regulators, and taking action where necessary (e.g., OCC, ECB, BaFIN, FCA, PRA, HKMA, MAS).

Required qualifications, capabilities, and skills

• Strong background and experience in compliance or regulatory risk management within large, complex banking programs;
• Good knowledge of key financial services regulations and EU and UK regulations (e.g., CRD IV, MiFID, MiFIR, Consumer Duty, COBS, Payment Services), especially their impact on Private Banking products and services;
• Experience dealing with European or Global regulators within a large financial services firm or relevant regulatory experience;
• Ability to manage multiple projects simultaneously, prioritize, work under pressure, and meet deadlines;
• Ability to multitask and thrive in a fast-paced, evolving environment;
• In-depth knowledge of PB products and services, including FX, securities, banking products (e.g., Mortgages), derivatives, structured products, investment funds (including Hedge Funds and Private Equity), brokerage, investment management, and payment services, including their purpose, risks, and processes;
• Consistently deliver high-quality results on Compliance programs;
• Strong interpersonal, negotiating, and influencing skills;
• Self-motivated with a desire to learn more about financial markets and regulation.

Preferred qualifications, capabilities, and skills

• High-level understanding of key APAC financial services regulations is a plus;
• Proficiency in English, with German or French language skills preferred.

J.P. Morgan Asset & Wealth Management provides industry-leading investment management and private banking solutions. Asset Management offers strategies across asset classes through a global network, while Wealth Management assists individuals and families in managing their wealth to achieve their financial goals.