The Control Management Associate performs ongoing analysis of the business’ risk and control environment to identify significant gaps and weaknesses, and ensures that controls are properly designed and manage exams (second line defense reviews, internal & external audits)
As a Control Management Associate for Outsourcing/ offshoring processes/ Inter affiliate processes, you'll be responsible for ensuring the line of business has a sustainable and disciplined end-to-end control environment, manage second/third line of defense engagements, identifying and escalating issues with a sense of urgency, and partnering with the business to ensure issues are remediated in a timely manner. The team assists in top-down risk analysis, real-time control issue detection, escalation, root cause analysis, and remediation.
Job Responsibilities:
- Proactively identify and mitigate third party related risk
- Be the primary TPRM lead in the LoB for Regulatory matters, including exams, meetings
- Conduct third party risk assessments in alignment with company policies and industry & regulatory standards
- Perform on site assessments of vendors to identify opportunities for improvement
- Provide input and aid in the development of procedures focused on outsourcing/ offshoring processes
- Develop and maintain offshoring/ vendor/ outsourcing risk and control monitoring plans, performing monitor activities and analysis of evidence to determine controls are operating effectively
- Design and implement controls that are designed effectively and operate efficiently; Complete monitor and control tasks triggered by Central teams and the offshoring process models.
- Partner with internal risk groups to ensure inter affiliate relationships are compliant with all relevant requirements
- Partner with appropriate stakeholders on sourcing activities which impact managed third party relationships and/ or inter affiliate service relationships
- Work with firmwide control teams, Central Third Party Office and Global Supplier Services teams to build a robust control environment for WLS/ hCB
- Provide credible challenge to senior business partners to ensure risk-based approach and consistency with regards to results and potential gaps on changes and other projects
- Provide ongoing recommendations for improvements by incorporating emerging and key business risks, inclusive of identifying opportunities for automation and efficiency
- Identify regulations/ compliance requirements tagged to outsourcing/ offshoring activities and work on ensuring adherence to these regulations
- Perform risk reviews on the changes arising from outsourcing/ offshoring activities
Required qualifications, capabilities, and skills:
- Knowledge of investment banking products including Loans is preferred
- Prior experience of working with Vendor management teams, outsourcing/ offshoring project management teams; experience on TPRM.
- Bachelor’s degree in Supply Chain, Accounting, Finance, Business Management or other relevant field with a minimum 8+ years relevant Banking and Financial Services experience
- Risk Certifications such as ORM/ PRM/ APRM/ CIA/ CRISC/ CORM/CISA, CISSP, CTPRP, CIA, CPA, CRISC, CISM, SOC, ISA, QSA will be preferred
- Lean/ Six Sigma knowledge and experience will be an added advantage
- Experience indriving risk based process improvement is preferred
- Experience end to end risk management life cycle including:
- Knowledge of Risk Management Tools
- Designing and implementing controls across multiple teams and locations
- Performing risk assessments
- Issue management and Issue validation
- Risk Reporting and Dashboarding
- A curious mind that prefers to go deep to understand details
A positive attitude and team spirit with exceptional interpersonal and collaboration skills
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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.
