Job Description
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.
The Risk Management and Compliance (RMC) Control Management team is responsible to create a strong and consistent control environment across the RMC organization. With Control Managers appointed for each Line of Business Function and Region, there is a comprehensive coverage/accountability model that promotes early operational risk identification and assessment, effective design and evaluation of controls and sustainable solutions to mitigate operational risk.
As a Control Management - Control Manager - Vice President you will spend each day working closely with Control Managers and various functions within Risk Management & Compliance to develop an in-depth understanding of processes, operational risk and assist with identification and/or development of controls to mitigate such risks and remediate control gaps. You will be responsible for leading a team that performs Control Evaluations and other related activities as mandated by Control and Operation Risk Environment (CORE) and SOX / CCAR Program. You will play an integral role in ensuring that the Risk Management and Compliance department improves the control environment and achieves operational excellence and audit readiness.
Job Responsibilities:
• Work with Risk Management and Compliance colleagues to develop an in-depth understanding of the Risks & Controls throughout the department and to assist in the identification and/or development of controls to mitigate gaps
• Build knowledge of Risk Management and Compliance, its policies and procedures, banking and consumer regulations/laws, and CORE practices in order to implement necessary enhancements to control activities and minimize risk
• Partner and collaborate with Control Managers, business/function stakeholders to understand the annual book of work for controls to be evaluated.
• Lead a team. Allocate tasks and controls, supervise and maintain oversight of testing conducted by team members
• Engage cross-functionally with Control Evaluation leads, and attend Control Lead meetings as required; providing updates to peers and senior management, as necessary.
• Comparison of policies standards and procedures across products for consistency and closure of any gaps that are found
• Comparison of controls across products for optimization, consistency and closure of any gaps that are found
• Lead and participate in special projects and initiatives, as assigned
• Maintain awareness of significant changes impacting the business, particularly from an CORE perspective
• Ensure adequate quality control over CORE work products and deliverables (e.g. documentation, process maps)
• Report/summarize test results for management
• Provide testing and other support for the SOX / CCAR program
Required qualifications, capabilities, and skills:
• Bachelor's degree, or equivalent job experience
• 7+ years of relevant work experience in Risk & Controls Assessment, Internal Controls Design & Review, Risk Consulting, Process Consulting, Internal Audit and Sarbanes-Oxley Control requirements
• 4+ years of people management experience
• Strong and progressive Auditing or Control Testing experience; Strong and current knowledge and understanding of Control testing methodology
• Experience developing test scripts, audit programs, or testing templates
• Collaborative, team-oriented and passionate about steadily enhancing control evaluation methodologies with a foresight to implement enhancements and changes across locations
• Strong understanding of Issue Management, including issue identification, severity impact assessment, root cause analysis and remediation.
• Strong communication, leadership and influencing skills
• Self-starter, able to take the initiative and operate in the group with minimum supervision on a daily basis
• Extremely organized, motivated, self-starter with a strong attention to detail
• Highly proficient in Microsoft Office suite of products (Excel, SharePoint and PowerPoint
Preferred qualifications, capabilities, and skills:
• Relevant experience in Risk Management & Compliance processes is a plus
• Experience in leading and delivering on automation projects is a plus
• Bachelor's degree in Finance, Accounting, degree is preferred
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Control Management maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk. The team focuses on four areas: Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.
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 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs
The Risk Management and Compliance (RMC) Control Management team is responsible to create a strong and consistent control environment across the RMC organization. With Control Managers appointed for each Line of Business Function and Region, there is a comprehensive coverage/accountability model that promotes early operational risk identification and assessment, effective design and evaluation of controls and sustainable solutions to mitigate operational risk.
As a Control Management - Control Manager - Vice President you will spend each day working closely with Control Managers and various functions within Risk Management & Compliance to develop an in-depth understanding of processes, operational risk and assist with identification and/or development of controls to mitigate such risks and remediate control gaps. You will be responsible for leading a team that performs Control Evaluations and other related activities as mandated by Control and Operation Risk Environment (CORE) and SOX / CCAR Program. You will play an integral role in ensuring that the Risk Management and Compliance department improves the control environment and achieves operational excellence and audit readiness.
Job Responsibilities:
• Work with Risk Management and Compliance colleagues to develop an in-depth understanding of the Risks & Controls throughout the department and to assist in the identification and/or development of controls to mitigate gaps
• Build knowledge of Risk Management and Compliance, its policies and procedures, banking and consumer regulations/laws, and CORE practices in order to implement necessary enhancements to control activities and minimize risk
• Partner and collaborate with Control Managers, business/function stakeholders to understand the annual book of work for controls to be evaluated.
• Lead a team. Allocate tasks and controls, supervise and maintain oversight of testing conducted by team members
• Engage cross-functionally with Control Evaluation leads, and attend Control Lead meetings as required; providing updates to peers and senior management, as necessary.
• Comparison of policies standards and procedures across products for consistency and closure of any gaps that are found
• Comparison of controls across products for optimization, consistency and closure of any gaps that are found
• Lead and participate in special projects and initiatives, as assigned
• Maintain awareness of significant changes impacting the business, particularly from an CORE perspective
• Ensure adequate quality control over CORE work products and deliverables (e.g. documentation, process maps)
• Report/summarize test results for management
• Provide testing and other support for the SOX / CCAR program
Required qualifications, capabilities, and skills:
• Bachelor's degree, or equivalent job experience
• 7+ years of relevant work experience in Risk & Controls Assessment, Internal Controls Design & Review, Risk Consulting, Process Consulting, Internal Audit and Sarbanes-Oxley Control requirements
• 4+ years of people management experience
• Strong and progressive Auditing or Control Testing experience; Strong and current knowledge and understanding of Control testing methodology
• Experience developing test scripts, audit programs, or testing templates
• Collaborative, team-oriented and passionate about steadily enhancing control evaluation methodologies with a foresight to implement enhancements and changes across locations
• Strong understanding of Issue Management, including issue identification, severity impact assessment, root cause analysis and remediation.
• Strong communication, leadership and influencing skills
• Self-starter, able to take the initiative and operate in the group with minimum supervision on a daily basis
• Extremely organized, motivated, self-starter with a strong attention to detail
• Highly proficient in Microsoft Office suite of products (Excel, SharePoint and PowerPoint
Preferred qualifications, capabilities, and skills:
• Relevant experience in Risk Management & Compliance processes is a plus
• Experience in leading and delivering on automation projects is a plus
• Bachelor's degree in Finance, Accounting, degree is preferred
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Control Management maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk. The team focuses on four areas: Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.
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 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, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs
💡 Quick Summary
Seeking a career-building opportunity? The Control Management| Vice President position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
