JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
Asset & Wealth Management
Asset & Wealth Management, with client assets of $2.7 trillion, is a global leader in investment and wealth management. AWM clients include institutions, high net-worth individuals and retail investors in many major markets throughout the world. AWM offers investment management across most major asset classes including equities, fixed income, alternatives and money market funds. AWM also offers multi-asset investment management, providing solutions for a broad range of clients’ investment needs. For Wealth Management clients, AWM also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits. The majority of AWM’s client assets are in actively managed portfolios.
Risk Management – Business Management
Risk is an inherent part of JPMorgan Chase's business activities and the firm's overall risk tolerance is established in the context of the firm's earnings power, capital, and diversified business model. The firm's independent risk management framework and governance structure are intended to provide comprehensive controls and ongoing management of the major risks inherent in its business activities. It is also intended to create a culture of risk awareness and personal responsibility throughout the firm. The firm's ability to properly identify, measure, monitor and report risk is critical to both its soundness and profitability.
The Asset & Wealth Management (AWM) Risk Management team, led by the AWM Chief Risk Officer (CRO), is aligned to the AM and WM sub-lines of business covering the broad spectrum of risks inherent in the AWM business. Our independent oversight includes Credit Risk, Fiduciary Risk, Counterparty Risk, Investment Risk, Reputation Risk, Market Risk and Operational Risk.
AWM Risk Business Management supports Risk Management processes across all AWM business lines, functions and risk stripes. The team drives critical initiatives and internal presentations for the AWM Chief Risk Officer (CRO) to C-level management within AWM and the firm, such as the AWM Operating Committee (AWMOC), Risk Operating Committee (ROC) and Board of Directors such as the Risk Committee (RC). The team works with members of staff across Asset & Wealth Management, as well as other Business/Program Managers and stakeholders from key partner groups including Firmwide Risk, Finance, Oversight and Control, and Human Resources. The team also manages Risk Governance Committees, globally.
Support AM Chief Risk Officer and AM Regional Heads of Risk
Responsible for coordinating and creating internal presentations for the AM Chief Risk Officer, senior management within AM, the Firm and regulators.
Coordinate the preparation of AM Risk specific materials for Regulatory Exams/Senior Management Meetings; execute on various strategic requests directly related to AM Risk.
Provide a centralized, consistent content, voice and format for regulatory meetings and client language
Maintain/ develop internal presentations/materials for AM Chief Risk Officer and Regional Heads of Risk heads
Provide regional coordination of global initiatives
Drive Risk Strategy
Support the delivery of strategic business initiatives
Support communication of strategy, performance and priorities
Provide input and support to management reporting
Develop and monitor effective business continuity plans
Support management of AM Risk Governance and global Risk Committees which includes creation of committee materials, Minutes documentation, and tracking of follow-ups.
Implementing requirements from Firmwide Risk Governance team to adhere to Firmwide Risk Governance Standards.
Coordinate Board reporting across funds / regions; provide support to risk asset class leads through reconciliations and material prep.
Office of Legal Obligations (“OLO”)
Supporting the Risk Obligation Tollgate process and acting as the channel for Risk Obligations into Asset & Wealth Management through supporting Risk OLO forums.
Processing, managing and tracking of Asset Management Risk related obligations through the operating model lifecycle.
Enabling, monitoring and reporting against progress and where necessary, resolving and escalating issues.
Partnering with Firmwide Risk, aligned Risk Control Officers and Line of Business aligned Risk subject matter experts to support the delivery of end to end mapping and management of obligations.
Support the program on data entry and broader project management activities.
Provide guidance and advice on the OLO process and tool related topics.
Data analysis and validation using internal systems in conjunction with Microsoft products.
Support in the coordination and/or preparation of materials for Business Heads/ Regional CEOs as well as track follow-ups and approvals for the AM Reputation Risk Committee (AMRRC)
Support AWM Reputation Risk Team through general data quality oversight in the Firmwide Reputation Risk Database, data entry, recordkeeping, and maintaining documentation.
Policy & Procedure Management
Manage AM Risk Policies and Procedure governance; coordinate periodic reviews and off-cycle procedure updates. Maintain approval documentation from procedure owners.
The Business Management Associate will need to be able to understand Risk and Asset Management concepts to be able to highlight key messages from detailed analyses performed by the team or by others. Deliverables are often related to ad-hoc and unanticipated requests, so the Associate must be able to deal with changing priorities, making good decisions about how to get the work done and communicating immediately where there are real risks to on-time delivery. Attention to detail and accuracy is critical, given the executive audience for much of the team’s work.
Minimum Bachelor’s degree
4-8 years Business Management, Planning & Analysis (P&A), Finance, Risk, Controls Management, and/or Audit experience preferred
Excellent interpersonal skills, both written and verbal, comfort with working and partnering people at all levels
Ability to work and interact with all levels of senior management and employees within the organization
Proactive and action oriented, with strong analytical skills and ability for problem solving
Ability to support the management of complexity and multiple workstreams
Ability to build strong relationships across the organization's key support areas
Existing knowledge of financial markets
Background in Asset Management and/or Risk, including a high level understanding of products and services
Thoughtful analytical skills; able to develop, clearly present and draw conclusions
Experience in developing management reports/updates and presenting to Senior Management
Strong project management skills
Self-starter able to prioritize key tasks effectively
Disciplined approach to managing processes and controls
Energetic, self-motivated and effective under pressure - must enjoy the challenge of working within a fast-paced and demanding working environment
Excellent desktop application skills; Microsoft PowerPoint, Excel, Word, etc.