WSS Operational Risk — Global Custody Lead Risk Executive - MD (Based In London)-100015171 Job Details

Job Description
WSS Operational Risk - Global Custody Lead Risk Executive
 
The WSS Global Custody Lead Risk Executive is responsible for providing global management for the Operational Risk organization in carrying out its work for the WSS Custody business. This individual will lead the risk management group that acts as an independent advisor to WSS Management in identifying, evaluating, reporting and controlling all significant operational risks of the business.
 
This is a new position.  The position can be based either in the U.K (London or Bournemouth) or the U.S. (New York).  The position will report to the Head of WSS Operational Risk Management. Within the EMEA and APAC regions, the position will also work closely with the EMEA and APAC Operational Risk Executives respectively.
 
The position will serve as the primary point of contact for the WSS Head of Global Custody on matters of operational risk management.
 
 Key responsibilities include:

    * Lead the activities of the operational risk team in Custody globally.
    * Partner with business, product and operations management to identify risk and control gaps.
    * Oversee the effective conduct of end-to-end business reviews and Control Self Assessments across the business globally.
    * Oversee the effective and timely closure of risk remediation action plans by the business.
    * Lead the New Business Initiative Approval process for Custody products, and their extensions and modifications.
    * Provide leadership in the development and implementation of Operational Risk policies and procedures.
    * Participate in critical risk advisory activities - transaction acceptance, new client onboarding, process and platform changes, acquisitions, subcustody network management, regulatory issues, audit issues and business strategy.
    * Lead the analysis of risk events and assist in the development of effective action plans for their remediation.
    * Develop and deliver effective risk reports for senior management, and serve as an active participant and/or leader in Risk Committee meetings.
    * Drive the Risk Management agenda for Global Custody.
    * Provide leadership in risk training and developing a highly risk aware culture across Global Custody.
    * Identify and develop talent for the operational risk group globally.
    * Participate in external organizations within the industry or in risk management.

 
JP Morgan Chase's Treasury & Securities Services is one of JPMorgan Chase's top performing businesses with over 50 products and services generates $8B in annual revenues and double digit revenue and profit growth.  T&SS provides cash management, custody, securities services, and clearance and agency services to the world's largest corporations, financial institutions, and public sector entities.
 
The T&SS business has built a reputation within the firm and across the industry for innovation, disciplined growth, and the ability to execute aggressively against challenging plans.
 
J.P. Morgan Worldwide Securities Services, a division of T&SS., is a leading global provider with more than $15 trillion in assets under custody. J.P. Morgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers.
J.P. Morgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services.
Qualifications

    * Experience of securities operations management and/or risk management experience.
    * The candidate should ordinarily be a Managing Director level professional.
    * Strong knowledge of securities industry business disciplines (operations, sales, fund management, finance, etc.) and global markets.
    * Proven management and partnership skills.
    * Experience in managing teams across multiple countries and regions of the globe.
    * Ability to make independent risk judgments and influence senior management to accept them.
    * Knowledge of Custody products preferred.