IPO Control Partner- Associate

Job Description
The Private Bank Business Control Partner team works in partnership with the business, as the first line of defense against operational risks that have the potential to impact the Bank. The key responsibilities of the team include: ensuring that the line of business has a sustainable and disciplined end-to-end control environment; partnering with the Business to ensure control issues are remediated in a timely and sustainable manner; identifying and escalating control issues with a sense of urgency; and coordination of control effectiveness assessments. The team works in collaboration with all other control functions - Compliance, Risk Management, Internal Audit.
Job Summary:
As an IPO Control Partner- Associate within the Private Bank Business Control Partner team, you will be working in partnership with the business as the first line of defense against operational risks that could impact the Bank. Your role will be crucial in ensuring a sustainable and disciplined end-to-end control environment. You will be responsible for identifying and escalating control issues with a sense of urgency, coordinating control effectiveness assessments, and working collaboratively with all other control functions - Compliance, Risk Management, Internal Audit. This role provides an opportunity to apply your understanding of Operational Risk Management and experience in control design and testing, project management, and issue management.
Job Responsibilities:

• Collaborate with stakeholders to conduct a comprehensive analysis of the organization's core business processes and operational risks. Strengthen the control environment by identifying major gaps and weaknesses and determining their root cause.
• Perform upstream and downstream mapping to identify interconnections with controls beyond the immediate scope. Analyze the upstream and downstream risk profiles to effectively influence and enhance the risk profile of the in-focus controls.
• Map all the core controls processes along with sub task to Middle Office operating standards.
• Ensure that remediating actions are appropriately and sustainably implemented. Follow up with the business/tech to make sure for all agreed control gaps there is plan and timeline in place.
• Ensure that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols.
• Work with OCM partners to manage Internal Audit, Compliance, and external regulatory exams. Facilitate global consistency and collaboration in risk and control coverage with controls managers in other regions and functions.
• Develop and maintain effective working relationships with 2nd, 3rd lines of defense and control management peers across the globe region on specific projects and initiatives.
• Additionally, in partnership with OCM partners clearly define both the issue and remediation plan with achievable target dates, tracking of progress against deliverables, challenge of mitigating actions and validation of action plan and issue completion.
• Assist with development of CORE documentation through participation in end-to-end process walkthroughs and deep dives with assigned business units.

Qualifications:

• Bachelor's degree or equivalent experience required.
• 7 to 10+ years of experience in financial services industry with background in controls, audit, quality assurance, operational risk management, or compliance preferred; or equivalent subject matter expertise in a relevant business-related function/operation.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Visio) required and data analytics preferred using Excel, Access

Skills:

• Business knowledge - ability to understand the business / knowledge of regulation surrounding business.
• Communication/presentation - excellent written and verbal communication skills with an ability to influence business leaders in a meaningful and actionable manner.
• Work autonomously to affect change - flexible, adaptable to shifting priorities; manages competing priorities to achieve the most effective result and able to work in a fast-paced, results driven environment.
• Decision Making/Judgement - moderate level of independent decision-making using sound judgement.
• Problem solving / Analytical skills - solid critical thinking, attention to detail and analytical skills; able to synthesize large amounts of data and formulate appropriate conclusions. a) Understanding root cause / identifying control gaps and weaknesses b)Developing timely and sustainable solutions c) Analyze metrics for emerging risk
• Writing Action Plans, Procedures
• Change Management

About Us
JPMorganChase, 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 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. Visit our FAQs for more information about requesting an accommodation.
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.