CIB - Risk - Operational Risk Management – Associate (m/f/d) – Frankfurt

Job Description

J.P. Morgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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, J.P. Morgan 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.

J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets, securities services and wholesale payments. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. The Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

About Compliance, Conduct & Operational Risk:

Operational Risk Management (ORM) is part of Compliance, Conduct and Operational Risk (CCOR), within the Risk Management and Compliance organisation. CCOR maintains oversight of the firm’s compliance, conduct and operational risk management activities and are responsible for the design and execution of the CCOR program, which consists of the second line of defense’s responsibilities in managing the firm’s compliance, conduct, and operational risk.

Role Description:

This is a newly created position within the Germany Operational Risk Management team, covering the CIB businesses, including Markets, Securities Services, Wholesale Payments, and Investment and Corporate Banking. The Operational Risk Management team is responsible for independently, holistically and proactively identifying, assessing, and managing operational risks. This role reports locally to the Head of Operational Risk Management and will be responsible for:

• Working closely with the Germany ORM Lead and the Regional and Global Operational Risk Management teams to ensure JPMorgan AG issues are known broadly and are being escalated as required.
• Assisting in providing support locally in representing Operational Risk Management to the CIB lines of business and functional stakeholders on a range of operational risk topics related to the firm’s CCOR Management Framework.
• Leveraging the firm’s CCOR Management Framework to identify, measure, monitor & test, manage, report and govern operational risk.
• Participate in conducting deep dives and event reviews on areas of high operational risk to ensure issues are identified and remediated.
• Assist with conducting an independent risk assessment of the JPMorgan AG CIB businesses so the risk profile of the business is understood.
• Where applicable, working with the central Operational Risk Scenario teams to provide subject matter expertise input and ensure the scenarios correctly reflect the risks in the JPMorgan AG entity.
• Utilizing and working to improve key risk indicators (KRIs), key performance indicators (KPIs), and other metrics to periodically identify areas where incremental monitoring and / or testing may be needed.
• Providing input into policies and standards established by the second line of defense which set forth the requirements for CIB regarding the management of operational risk.
• Assisting in the preparation of management reports relating to operational risk matters as re quired.

• Minimum Bachelor degree with at least 3 years of relevant experience
• Experience may include dealing with requests from regulators or other external parties
• Experience may include operational risk management, CIB businesses, operations, controls, processes or outsourcing
• Understanding of one or more CIB businesses, namely Markets, Securities Services or Wholesale Payments
• Understanding may include products, systems, processes, or front to back product or trade life cycle
• Good project management with successful track record of completion
• Passionate and capable of learning in a changing and challenging environment while delivering results.
• Fluent German and English language skills

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com .

JPMorgan Chase & Co. offers an exceptional, family friendly benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer.