Job Description The Office of Legal Obligations (OLO) program is a firm-wide, global initiative that brings together the expertise of Legal, businesses, Business Control Management, Compliance, Risk and other key control functions, to proactively manage regulatory changes in our operations and allow us to trace end-to-end connections between laws, rules and regulations on the one hand, and our policies and procedures that demonstrate compliance on the other.
The OLO program has been running since 2017, and is now transitioning into a 'BAU' state, in which a Legal and Regulatory Change Management (LRCM) framework has been established, to ensure that the inventory of laws, rules and regulations relevant to global Markets businesses held in the Enterprise Library Application, or ELA database, is kept up to date to reflect the impact of constant business and regulatory change.
As a senior associate you will, within the Markets Business Controls Management (BCM) organization, supporti the global Markets business across Sales, Trading and Research. You will be responsible for the completion of Legal and Regulatory Change Management related Business as Usual tasks, including mapping legal obligations to the policies, procedures and other evidence that demonstrates how Markets meets these legal requirements.
Mapping Execution activities will involve working extensively with a diverse set of global stakeholders, including Legal, Compliance, Business Control Management and other stakeholders. The team's activities cover 24 jurisdictions (8 languages), with further scope expansion expected.
Job responsibilities:
Determining the applicability of individual regulations to the Markets businesses, and subsequently mapping these legal obligations and the full underlying legal text to procedures or other supporting documentation, and related CORE Business Processes. Acting as a Subject Matter Expert on OLO processes and tools, collaborating with Legal, Compliance, Risk, Finance, Business partners and others to ensure a clear and consistent interpretation of applicable obligations Developing and maintaining reference data to facilitate obligation mapping, e.g. matrices of business activities, LEs, procedures and control framework by product and country Compiling procedure gap analysis data and making recommendations to senior Business Control Managers, amongst others, as to how these gaps should be addressed Responding to and resolving items identified by Quality Assurance and audit processes Assessment of the impact of regulatory changes (LATAM-focused) MIS / Reporting / Governance material production Running the weekly Legal and Regulatory Change Management Triage process for Markets Required qualifications, capabilities, and skills:
A level of familiarity with, and interest in, J.P. Morgan's Markets products and businesses Experience in business controls, operational risk, Compliance, Legal, Audit or similar function with coverage of Markets Sales / Trading businesses Comfortable with and adept at reading and interpreting legal text as a layperson (note: formal legal qualifications are not required) Good project management skills and ability to instill structure, process and accountability to meet aggressive weekly production delivery targets, whilst maintaining quality standards. Detail oriented, with a highly disciplined approach to process and quality control Strong business analysis skills to enable efficient, accurate and objective decision making Excellent personnel and organizational management skills, ability to work under pressure and handle high volume of throughput without compromising quality Ability to partner closely with related functions to ensure a coordinated and effective program Strong written and verbal communication skills Preferred qualifications, capabilities, and skills
Understanding of the control framework for Markets businesses.
About Us J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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 The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
