VP Compliance Monitoring & Surveillance (Product Lead), Hong Kong
Location: HK-Hong Kong-Hong Kong-One Island East / 31141
About J.P. Morgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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. Information about J.P. Morgan is available at www.jpmorganchase.com
J.P. Morgan Chase Bank is a leading global financial services firm, offering intelligent solutions across comprehensive and cutting edge global product platforms. You will be surrounded by smart, driven people like yourself, who in line with the highest standards of integrity, combine innovation and analysis to achieve industry leading results and recognition in accordance with the business principles fundamental to our success.
In Asia Pacific, J.P. Morgan comprises of Corporate & Investment Bank (C&IB), Private Banking, Asset Management and Commercial Banking. C&IB services the world’s most important corporations, governments and institutions through banking, markets and investor services. Globally, with US$18 trillion of assets under custody and US$393 billion in deposits, the CIB provides strategic advice, raises capital, manages risk and extends liquidity in global markets. J.P. Morgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to high net worth individuals and families. The Private Bank addresses ever facet of wealth management from investment management and brokerage to tax and estate planning, credit, capital raising and speciality wealth advisory services. J.P. Morgan Asset Management is a global leader in asset management services, and with assets under management of over US$1.3 trillion, we are one of the largest asset and wealth managers in the world. Our Commercial Bank groups in Asia work closely with subsidiaries of our US Commercial Bank clients in delivering traditional corporate finance, risk management, operating and investment management services.
Lead the Compliance Surveillance program for the product in the APAC region, co-ordinating across jurisdictions as necessary
Manage a small team of analysts and supervise the daily alert process arising from both trade surveillance and electronic communications surveillance for the product.
Partner with the Line of Business Advisory Compliance teams in dispositioning of escalations resulting from alerts generated.
Coordinate with the Compliance Surveillance Coverage Strategy and Investigations team for thematic/focused reviews and investigations
Partner with US/EMEA product leads to ensure that the model is globally consistent as appropriate
Develop a risk-based approach whilst maintaining a disciplined consistent approach
Be responsible for the development and update of relevant standard operating procedures
Develop a training program for the product
You will work alongside a number of other product leads for the region. The role may suit an existing VP in Compliance Monitoring & Surveillance or a VP in another role in Compliance, another control function or potentially with a previous background in trading/sales. You should have a strong control mindset and a passion to learn. Ideally you should be an experienced manager.
Within Compliance your key relationships will be with Line of Business and Country Compliance leads. You will also partner with Legal, Global Security & Investigations, Human Resources/Employee Relations, as well as Global Financial Crime Compliance.
Key job dimensions
reporting to the Executive Director, Head of Compliance Monitoring & Surveillance Alert Operations for Hong Kong/Singapore
drive the implementation of surveillance process control enhancements
disciplined control focus to execution in compliance with relevant policies and procedures
work closely with other regional surveillance leads and global Project Management Officers
work with Internal Audit, Compliance Testing and other control teams.
- Minimum 8-10 years product, regulatory or risk management experience gained within a financial institution or regulator
- Strong knowledge of process systems and controls, ideally with Surveillance experience
- Strong interpersonal and influencing skills, with the ability to establish credibility and strong partnership with Compliance colleagues across the region
- Strong analytical, problem-solving and organizational skills and the ability to manage several simultaneous projects.
- Well developed leadership skills with a demonstrated ability to grow and encourage career development within the team
- Excellent business judgment and strategic thinking
- Proven ability to communicate effectively in English at all levels both orally and in writing,
- Ability to deliver high quality results as part of a geographically dispersed global compliance team
- Familiar with and sensitized to three lines of defense model and focused on culture and conduct issues.
- Law degree or other closely related professional qualification helpful
- Knowledge of Asian languages an advantage
- Asset Allocation
- Corporate Communications
- Internal Audit
- Investment Management
- Project Management
- Risk Management
- Wealth Management