JPMorgan Chase Corporate Compliance - Futures & Options and OTC Clearing Compliance Manager - Vice President in New York, New York
JP Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Our Compliance Function
With a diverse team of Compliance professionals supporting all areas of our business around the globe, the team is working diligently to be innovative and present all business partners with thoughtful and unique solutions to the challenges they face. The Compliance function has a robust set of priorities in place focused on best practice and employee development to ensure goals are delivered.
J.P. Morgan's Compliance department is seeking a highly motivated individual to serve as a Vice President for its Futures Commission Merchant (FCM) business - Futures & Options and OTC Clearing. As a Vice President you will provide regulatory compliance guidance and support to various teams within the FCM including sales, trading, marketing, operations, finance, control, technology, risk, on-boarding, product development, treasury and business management. You will also work closely with other lines of businesses as well as functional groups on matters related to futures trading and other firm cross product initiatives. In addition, you will partner with other Compliance and Legal teams on assessing and measuring compliance and related risks, and developing common standards and practices.
Assist in creating and preparing the FCM Annual Chief Compliance Office Report.
Draft, update and maintain Compliance policies, bulletins and manuals on an ongoing basis.
Provide day-to-day guidance on execution, trading and sales practices, registrations/licensing, supervisory duties, conflicts, regulatory reporting obligations, operational matters, and other general FCM regulatory requirements.
Partner with colleagues in the Legal Department on rule interpretations, analyzing the impact of new regulations, and assist the FCM in implementing such rules and regulations.
Review business processes and new business and customer initiatives for compliance with regulatory requirements.
Perform compliance reviews and risk assessments, identify potential areas of compliance risks, assist in developing and implementing enhanced controls, and provide guidance on how to avoid or deal with similar situations in the future.
Develop and conduct ad hoc, ongoing, and annual training.
Establish and maintain open and effective relationships with regulators including the CFTC, NFA, exchanges, clearinghouses and other prudential regulators.
Assist in preparing information and responses to regulatory examinations, investigations, inquiries, and data and information requests.
Participate in relevant industry association committees and initiatives.
Attend business meetings and control forums to provide compliance presentations and updates.
Experience in drafting compliance policies, bulletins and manuals.
Comprehensive understanding of the workings of exchanges, clearinghouses, and marketplaces.
Strong interpersonal and influencing skills with the ability to establish credibility and strong partnerships with business and control partners
Proven ability to communicate effectively at all levels both verbally and in writing.
Capable of operating comfortably within a complex organizational structure.
Excellent business judgment and problem solving skills.
A self-starter with the aptitude to initiate action, adapt to change, make difficult decisions, and accept challenging assignments.
Work effectively both in a team environment and independently.
Manage complex tasks simultaneously in a deadline-intensive environment.
Highly organized, detail-oriented, and energetic individual.
College degree required (BA/BS).
Law degree or master’s degree a plus but not required.
Three to five years of relevant futures and/or derivatives experience with a law firm, regulator, investment bank, broker, or market participant.
Strong working understanding of CFTC, NFA, futures exchanges and futures and cleared swaps rules, regulations, and interpretations.
Past experience building and maintaining key relationships across departments and functions, and encouraging a culture of engagement.
Strong network of regulatory and industry contracts.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.