Friday, March 6, 2015

Vacancy for CA/ICWA in JPMorgan Chase Bank

Job Description

CIB - Transaction Processing Mgr - Associate - Mumbai-140107667

Job Description

I Background to the Role and Business Description

JPMorgan Chase Bank, N.A. is a leading global financial services firm with $1.4 trillion in assets and 170,000 people working across 50 countries. JPMorgan serves the interests of clients with complex financial needs, from the world’s most prominent corporate, institutional and government clients to charities and private individuals.

(India Market Business Operations) is a part of the JP Morgan India captive, the shared services center of JPMorgan, in India. India Market Business, established in 2002, has operations across Mumbai & Bangalore and supports JPMorgan’s various Lines of Business across the entire spectrum of banking operations / activities.

India Market Business is committed to providing operations of the highest quality and our integrated excellence to wide spectrum of banking operations viz.

· Corporate and Investment Banking Operations (IB Ops) – 1000+ employees

Broad businesses under the India Market Business - India umbrella are Derivative Processing Center (Credit, Rates, Equities, Fixed Income, Futures & Options, Currency Operations (FxOps), Commodities, Credit Risk Management and Brokerage Control.

India Market Business focuses on building and maintaining strong relationship with clients and partner closely with technology, finance and representatives from lines of businesses to provide real time, world class service in a highly controlled environment.

II. Job Description

Risk Manager will be responsible to work with operations management to understand business process, identify risks, implement controls and ensure continued efficacy of process controls. Key performance indicator for this role would be minimal operational errors (& near misses), excellent audit ratings and no regulatory/compliance issues. He/she should also work closely with the Global Risk Management teams to ensure standardization of frameworks across sites.

Specific functions include:

Operational Risk

· Review workflows to minimise risks associated with the product & improve overall control environment. Sample checks of work against set procedures and SPOT checks form part of profile.

· Implementation of controls to mitigate process risks in case of Operational Errors / Near Misses/Exceptions

· Rollout regular training programs — esp. regards aspects like Controls Along the Transaction Lifecycle, Risk Reporting, SOX, Audit etc or specific/need based ones incl. policies & procedures

· Review key risk indicator framework; Scorecards, Dashboards to ensure appropriateness of Metrics / KPIs and facilitate business reviews

· Be able to do Data Analysis and build a strong and robust MIS platform and program & drive productivity initiatives to improve controls

· Monitor compliance of policies and procedures relative to risk exposure

· End to end reviews of transitioning processes, discuss/escalate issues, develop robust culture of tracking & reporting metrics after go-live

· Ensure compliance to required procedures & governance practices

· Responsible for certain Management Reports

Information Risk :

· Identification of potential Information Security issues & Information Risks;

· Monitor compliance to policies and procedures;

· Enhance floor and management awareness on security concerns and expectations

Infrastructure & Business Resiliency (or BCM):

· Work closely with Global Resiliency Risk Managers (RRMs), Business Heads and GTI teams to effectively build resiliency

· Co-ordinate designing of test specifications for Recovery Tests. Administer/monitor capability for Recovery; Co-ordinate recovery tests & Monitor closure of test gaps

· Effectively support the Operations Management during Crisis or Emergency & Lead in Crisis Management Planning & Execution Initiatives

III. Job Requirements

Competencies:

Leadership – Leads by example and is an effective role model (e.g. takes the lead and actions reflect an appropriate level of independence; demonstrates the ability to initiate and effect change and continuous improvement, contributes significantly to the on-going development of people.)
Communication – Is organized, clear and confident in written and oral communications. Actively engages in discussions offering expertise, opinions and advice.
Teamwork – Creates and/or contributes to an environment of collaboration and mutual responsibility (e.g. effectively influences others to gain cooperation and address issues; initiates and is responsive to requests from other products, regions, etc.)
Should be creative and innovative; challenges status quo; generates strategic advice/product/client solutions
Ability to understand and interpret impact of policy and procedural changes, as well as ability to identify and convey potential problem areas
Flexibility i.e. Ability to work independently or manage teams where necessary
Strong analytical / problem solving skills

Education/Professional Qualifications & Skillsets:

CA/CWA/CISA/MBA with 6-7 years / Graduate or Post-Graduate with 8-10 years experience in operations
Strong business knowledge i.e. Investment Banking business including product, process and system knowledge
It would be an added advantage to have below:

Prior experience in IRM and / or BCM role
Training or Certifications in Business Continuity Planning (CBCP or MBCI)

Good computer skills — MS Office, MS Excel, MS PowerPoint, MS Project etc
Ability to drive results through a “hands-on” approach
Excellent verbal and written communication skills, and adept at communicating with all levels of the business and technical parts of the organization
Skilled in MS office applications including Outlook, PowerPoint, Excel, Word, and Project
Can operate effectively in a dynamic environment with tight deadlines, and can prioritize one’s own work to achieve them
Flexibility to work global hours.

Qualifications