Private Bank - Supervisory Manager - Associate
J.P. Morgan
People & HR, Operations
Worcester, MA, USA
Posted on Tuesday, September 17, 2024
Job Description
Seize the opportunity to join J.P. Morgan’s dynamic, fast-paced environment as an Associate in Market Supervisory Management, supporting our Wealth Management (Private Bank) business in Hong Kong.
Job Summary:
As an Associate within the Wealth Management (Private Bank) - Market Supervisory Management team, you will be responsible for providing 1st level control and oversight of the investment business and working closely with a diverse group of employees across the firm. .
Job responsibilities
- Escalate issues to senior management within all areas of the 1st, 2nd and 3rd lines of defense
- Provide 1st level control and oversight of the investment business
- Review and assess client trading activity and any potential suitability issues on a pre-execution basis
- Conduct independent review and assessment of client suitability profiles based on data collected from clients and the front office
- Review and assess investment concentration issues in client accounts
- Review English and Chinese materials provided to clients to ensure they are appropriate and aligned to the clients investment objectives and needs
- React to, manage and handle potential client situations e.g., trading errors
- Attend front office meetings to provide relevant feedback and stay apprised of their current priorities
- Perform change management in respect of changes in policies/procedures/ processes where these relate to investment activities e.g., implementation and training on enhanced suitability framework; new trading protocol; etc.
- Manage audit coordination and liaison as required and operational risk reporting and investigation
Required qualifications, capabilities, and skills
- Bachelor's degree in business, finance, or related field
- Minimum of 5 years of experience with financial institutions in first line of defense oversight and control, supervisory risk and control or related functions
- Strong and proven experience gained within financial institutions including monitoring experience
- A self-motivated individual who is enthusiastic and has a keen interest in risk and control frameworks as well as the regulatory landscape
- Excellent organizational skills and attention to detail, including the ability to manage multiple work-streams to tight deadlines and re-prioritise as required
- Think like an owner with a business mind-set and able to deal with issues independently
- A strong interest in and sound understanding of financial markets, products and wealth management
- Strong communication and negotiation skills as the role will involve communicating with employees of varying levels, with diverse roles and different languages
- Fluency in both verbal and written English and Chinese
About Us
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. 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.
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.