Private Banking - Business Control - Associate
The Private Bank is a global wealth management leader that delivers personalized financial solutions that integrate investment management, capital markets, trust and banking to Ultra-High-Net-Worth and High-Net-Worth individuals and families. Our offices in Hong Kong and Singapore cater to over 2,000 private clients based in North Asia and South East Asia. We have more than 200 client advisors providing multi-asset class Investment advisory and Private Banking services. Our success is largely attributed to providing first class service to our clients within a well-defined risk management framework.
The Business Control role is a new role within the Private Bank and is designed to provide an all rounded experience in developing and monitoring the business controls framework. You will have regular interaction with Asia Senior Management through regular risk update presentations, committees, etc. You will have cross functional interaction in scoping, monitoring and surveillance activities, reviewing results and recommending changes to internal policies, control self-assessments, etc. Additionally, you will be expected to maintain the highest level of confidentiality and sensitivity with respect to client information.
Responsibilities:
The senior team member is part of first line of defense to bolster business controls and his/her key responsibilities are as follows:
1. Client Due Diligence reports
2. Review of Call Memos for Quality Control
3. Review of Voice Memos for Quality Control
4. Checking of various regulatory indicators (KFS/PHS, ICQ, PI)
Qualifications
The Business Control role is a new role within the Private Bank and is designed to provide an all rounded experience in developing and monitoring the business controls framework. You will have regular interaction with Asia Senior Management through regular risk update presentations, committees, etc. You will have cross functional interaction in scoping, monitoring and surveillance activities, reviewing results and recommending changes to internal policies, control self-assessments, etc. Additionally, you will be expected to maintain the highest level of confidentiality and sensitivity with respect to client information.
Responsibilities:
The senior team member is part of first line of defense to bolster business controls and his/her key responsibilities are as follows:
- Working closely with Business Risk Management, Compliance to define the scope of monitoring and surveillance of business activities
- Setting up and ongoing monitoring of following business controls:
1. Client Due Diligence reports
2. Review of Call Memos for Quality Control
3. Review of Voice Memos for Quality Control
4. Checking of various regulatory indicators (KFS/PHS, ICQ, PI)
- Regular liaison with Senior Management - presentation of findings to Risk Manager, Market Managers and Investment Team Leaders
- Regular follow-up to track progress, escalations
- MIS and committee updates
Qualifications
- Bachelor's degree
- 2 - 4 years of prior relevant work experience
- Excellent organizational skills and the ability to effectively handle multiple priorities
- Basic financial product knowledge
- Genuine interest in understanding risk and control framework within the Wealth Management industry
- Good understanding of Private Banking investments platform and private client needs
- Mindset to understand risk and control, compliance procedures and policies
- Strategic thinking
- Attention to detail
- Proficient in Microsoft Excel and PowerPoint
- Language requirements: English and Mandarin
Company Description
J.P. Morgan is a leader in financial services, working in collaboration across the globe to deliver the best solutions and advice to meet our clients needs, anywhere in the world. We operate in 100 countries, and hold leadership positions across our businesses. We have an exceptional team of employees who work hard to do the right thing for our clients and the firm, every day. This is why we are one of the most respected financial institutions in the world.J.P. Morgan is part of JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm.
Additional Information
- Posted:
- November 26, 2012
- Type:
- Full-time
- Experience:
- Not Applicable
- Functions:
- Finance
- Industries:
- Banking, Financial Services, Investment Banking
- Employer Job ID:
- 120076793
- Job ID:
- 4248599
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