Equity Derivatives Markets Advisory Compliance Officer – Vice President Job at JPMorgan Chase Bank, N.A. – in London
With a diverse department of Compliance professionals supporting all lines of our business around the globe, the department is working diligently to present all business partners with innovative, thoughtful and tailored solutions to the challenges they face. The Compliance function has a strong culture which is focused on delivering first class support to the business while providing a credible challenge where necessary. It seeks to promote best practice, foster employee development and deliver the goals of the Firm wide Risk organisation.
Markets Compliance Team
The Markets Compliance team is responsible for setting policies, providing training and real-time interpretation of financial regulations to the EMEA Markets businesses, which are based mainly in London with an expected second hub in Paris. The team forms part of the EMEA Compliance Department which covers JPMorgan’s Corporate and Investment Banking, Security Services, Asset Management and Private Banking businesses in the region.
The team is recruiting for a VP level position to join the Markets Compliance team, providing primary line of Business relationship management and regulatory support to the respective Sales and Trading functions of the EMEA Equity Business. The business is varied and areas of focus for this role will include – Equity Derivatives sales & trading, retail structured products, an asset management entity and benchmark administrator activity. Additionally, the team supports Global Clearing and F&O businesses.
As a Markets Advisory Compliance Officer, the VP will be responsible for:
Providing real-time interpretation of internal Compliance policies and procedures in response to ad hoc enquiries from front and middle office.
Assessing the impact of new financial regulations and setting appropriate internal Compliance policies and procedures, and keeping them up to date.
Undertake analysis and input to new product proposals, transactions, business re-organisations and other ad hoc projects
Preparing Compliance training materials and conducting programmed and ad hoc training where necessary.
Investigating and resolving escalation alerts from Compliance Surveillance and self-escalations from front and middle office.
Designing and performing risk based Compliance monitoring tests.
Identification and appropriate escalation of issues to the EMEA Head of Equity Derivative Compliance
The candidate ideally:
This is a VP role covering Equity Derivatives in various forms on both the public and the private side across flow and structured products. As such, the work is varied and demanding, and would prefer candidates who are familiar with Equity market structures, products and the relevant UK, EU and US regulations, particularly, MiFID2, Market Abuse Regulation, EMIR and Dodd-Frank. For candidates from outside the region, they are expected to be familiar with the equivalent regulations in their local jurisdiction, on subjects such as management of conflicts of interest, prohibition of insider dealing and market manipulation, mandatory trading and clearing of derivatives and fair treatment of clients.
The successful candidate should have a good understanding of the Equity markets, asset management experience would also be considered. Relevant experience of performing a Compliance, Risk or Control role in a global investment bank would be a significant advantage.
The successful candidate will be expected to manage relationships with the businesses at all levels, including senior management. They must be able to think “on their feet”, provide ‘live’ regulatory interpretation and decisions to the business, often in high profile and/or time constrained situations.
Able to work independently while having sufficient experience to know when to escalate an issue is essential. As are being proactive, able to think critically about the information presented to them, comfortable with subjective situations, and ready to ask appropriate questions and effectively challenge where needed.
The successful candidate must be a good team player and will be expected to provide cross coverage of the Equities businesses generally, whilst also providing specific input to new product and business initiatives, new regulations, policies, training, monitoring and surveillance escalations.
The role will require close liaison with other members of the Markets Compliance team, as well as the wider Compliance department (e.g. Control Room, Surveillance, Testing) as and when necessary.
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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
Company: JPMorgan Chase Bank, N.A. –
Company Location: London