Markets Legal and Regulatory Change Management – Associate
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Job Location:
Buenos Aires - Argentina
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Role Summary
The Office of Legal Obligations (OLO) program is a firm-wide global initiative that brings together the expertise of Legal businesses Business Control Management Compliance Risk and other key control functions to proactively manage regulatory changes in our operations and allow us to trace end-to-end connections between laws rules and regulations on the one hand and our policies and procedures that demonstrate compliance on the other.
The OLO program has been running since 2017 and is now transitioning into a BAU state in which a Legal and Regulatory Change Management (LRCM) framework has been established to ensure that the inventory of laws rules and regulations relevant to global Markets businesses held in the Enterprise Library Application or ELA database is kept up to date to reflect the impact of constant business and regulatory change.
The role is within the Markets Business Controls Management (BCM) organization supporting the global Markets business across Sales Trading and Research. The Markets LRCM Associate will be responsible for the completion of LRCM-related BAU tasks including mapping legal obligations to the policies procedures and other evidence that demonstrates how Markets meets these legal requirements.
Mapping Execution activities will involve working extensively with a diverse set of global stakeholders including Legal Compliance Business Control Management and other stakeholders. The teams activities cover 24 jurisdictions (8 languages) with further scope expansion expected.
The position reports into the global Markets LRCM Support lead based in Buenos Aires Argentina
Responsibilities of the position include:
Mapping Execution
- Determining the applicability of individual regulations to the Markets businesses and subsequently mapping these legal obligations and the full underlying legal text to procedures or other supporting documentation and related CORE Business Processes.
- Acting as a Subject Matter Expert on OLO processes and tools collaborating with Legal Compliance Risk Finance Business partners and others to ensure a clear and consistent interpretation of applicable obligations
- Developing and maintaining reference data to facilitate obligation mapping e.g. matrices of business activities LEs procedures and control framework by product and country
- Compiling procedure gap analysis data and making recommendations to senior Business Control Managers amongst others as to how these gaps should be addressed
- Responding to and resolving items identified by Quality Assurance and audit processes
Regulatory Change activities
The bank has established a Legal and Regulatory Change Management framework to ensure the mapping of legal obligations in the ELA database remains up to date in the face of business and regulatory changes.
The LRCM Global Support team will in addition to owning obligationrelated activity as outlined above contribute to the LRCM programs activities. This may include:
- Assessment of the impact of regulatory changes (LATAM-focused)
- MIS / Reporting / Governance material production
- Running the weekly LRCM Triage process for Markets
The scope of these reg change management activities is likely to increase over time.
Qualifications
- A level of familiarity with and interest in J.P. Morgans Markets products and businesses.
- Experience in business controls operational risk Compliance Legal Audit or similar function with coverage of Markets Sales / Trading businesses.
- Understanding of the control framework for Markets businesses would be beneficial.
- Comfortable with and adept at reading and interpreting legal text as a layperson (note: formal legal qualifications are not required).
- Good project management skills and ability to instill structure process and accountability to meet aggressive weekly production delivery targets whilst maintaining quality standards.
- Detail oriented with a highly disciplined approach to process and quality control.
- Strong business analysis skills to enable efficient accurate and objective decision making.
- Excellent personnel and organizational management skills ability to work under pressure and handle high volume of throughput without compromising quality.
- Ability to partner closely with related functions to ensure a coordinated and effective program.
- Strong written and verbal communication skills.
- Advanced English level.
Required Experience:
IC
Key Skills
- Portfolio Management
- Wealth Management
- Financial Services
- Hybris
- Microsoft Word
- Banking
- Cash Management
- Data Management
- Microsoft Powerpoint
- Securities Law
- Microsoft Excel
- Internet Of Things
About Company
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 ov ... View more
