Risk Management - Trust and Estates Fiduciary Risk & Analytics Executive Director

JPMorgan Chase; New York (NY); On-site; USD 180,000 - 260,000; Full time

Job summary

An established industry player is seeking a Risk Management Executive Director to lead the Trust and Estates Fiduciary Risk team. This pivotal role involves overseeing risk governance, enhancing risk frameworks, and ensuring compliance with regulations. You will collaborate with various business teams to identify and mitigate risks, while also mentoring a global team. The position offers a unique opportunity to influence risk management practices in a dynamic environment. Join a forward-thinking organization that values diversity and inclusion, and be part of a team that is committed to excellence in risk management.

Benefits

Comprehensive Health Care Coverage

On-site Health and Wellness Centers

Retirement Savings Plan

Backup Childcare

Tuition Reimbursement

Mental Health Support

Financial Coaching

Qualifications

• 10+ years in financial risk management, especially in Trust & Estates.
• Expertise in fiduciary investments and compliance regulations.

Responsibilities

• Oversee Trust and Estate Risk framework and governance processes.
• Identify risk issues and recommend mitigation strategies.
• Mentor global team and represent Risk in regulatory exams.

Skills

Financial Risk Management

Trust & Estates Law

Fiduciary Investments

Regulatory Compliance

Project Management

Communication Skills

Analytical Skills

Education

Bachelor's in Finance, Business or Economics

Advanced Degree in Finance, Business or Economics

Tools

Risk Management Software

LLM Powered Dashboard

Job description

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 a Risk Management - Investment Risk & Analytics - Trust and Estates Fiduciary Risk Executive Director within the IR&A's Client Risk team, you will be responsible for the risk oversight of the Trust and Estates (T&E) business. You will work closely with other Risk Management colleagues, the Business, and key control functions to provide valuable assessment and feedback regarding T&E activities and emergent risks. Your role will be crucial in ensuring that the business understands its investment and fiduciary risks and has robust standards, controls, and practices in place to mitigate these risks. This role provides an opportunity to proactively oversee the business team and partner closely with the IR&A team and Trust & Estates management.

Job Responsibilities

1. Own the Trust and Estate Risk framework for Global Wealth Management business in accordance with local regulations, ensuring that Trust and Estates risk including Fiduciary and Investment risks can be properly identified, measured, and overseen on an ongoing basis.
2. Enhance and execute the risk governance processes including standards and procedures, escalation, and resolution as well as maintain related control documents including frameworks, guidelines and procedures related to Trust and Estates Fiduciary and Investment Risk oversight.
3. Identify risk issues in the business and perform reviews into such areas to identify gaps and recommend risk mitigation strategies.
4. Engage in regular dialogue with the business; provide informed review to various business teams to resolve outstanding Risk issues including program managers and investments business.
5. Represent Risk in committees/forums and review key risk issues, as appropriate and evaluate and provide feedback on committee materials and metrics ahead of meetings.
6. Organize preparatory sessions with the Committee Lead to review agenda items and participate in Business and Risk Committees to provide support, guidance and risk review.
7. Represent Risk Management in regulatory exams and internal audits impacting the Global T&E Business.
8. Act as the Legal Entity Risk Manager for Delaware and the Bahamas Trust entities.
9. Work with technology to evaluate and ensure consistency in Risk metrics and assist in the development forward looking tools including LLM powered dashboard to enhance risk oversight.
10. Mentor and manage global team.

Required qualifications, skills and capabilities

1. Education in finance, business or economics is required.
2. Minimum 10 Years of financial risk management, in Asset Management or similar, Wealth Management or Private Bank, with 5 plus years' work experience in Trust & Estates gained within Risk Management, Compliance, Legal, Audit, or related Consulting.
3. Have substantial expertise with Trust & Estates law, fiduciary investments, products, control systems, governance, regulations, and best practices.
4. Familiarity with OCC, SEC, and FINRA financial regulations, especially investment management regulations.
5. Ability to persuade business partners while working constructively to achieve a common goal.
6. Proficiency in communicating with senior management, including sensitive situations.
7. Control mentality - naturally skeptical, with an ability to anticipate unforeseen consequences.
8. Self-starter with ability to initiate, plan, execute and manage projects.
9. Use your knowledge to find answers to pressing problems and create workable solutions.

Preferred qualifications, skills and capabilities

1. Education in finance, business or economics is required; advanced degree desirable.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.

Base Pay/Salary

New York, NY $180,500.00 - $260,000.00 / year