Credit & Securitised Products Compliance Officer Job at JPMorgan Chase Bank, N.A. in London
EMEA Markets Compliance Team
The EMEA Markets Compliance Team comprises of 30+ professionals and is based on the London Fixed Income Currencies and Commodities (“FICC”) and Equities Trading Floors with a second hub in Paris. The Team is responsible for setting policies, providing training and real-time interpretation of financial regulations to the Corporate and Investment Bank’s (“CIB”) EMEA Markets businesses. The Team forms part of the EMEA Compliance Department which covers JPMorgan’s Corporate & Investment Bank, Asset Management and Wealth Management businesses in the region.
EMEA Markets Compliance is recruiting for a Senior Compliance Officer, an Associate level position, to join its Credit & Securitised Products team that provides relationship management and regulatory support to the EMEA Sales, Trading and Syndicate functions of Global Credit Markets and Global Securitised Products. The team also supports the EMEA Securitised Products Origination function, the EMEA Credit Portfolio Group and the related Credit Risk and Market Risk functions. These are leading global FICC businesses that provide a wide range of investment banking services to corporate, institutional and government clients world-wide.
As a Markets Advisory Senior Compliance Officer, they will be:
- assisting in the development of appropriate internal Compliance policies and procedures in response to new financial regulations, and helping to keep them up to date;
- preparing Compliance training materials and conducting programmed and ad hoc training where necessary;
- providing real-time interpretation of internal Compliance policies and procedures in response to ad hoc enquiries from front and middle office, supported by colleagues where appropriate;
- investigating and resolving escalation alerts from Compliance Surveillance and self-escalations from front and middle office with input from colleagues as required;
- supporting the preparation of the firm’s response to enquiries from national regulators and trading venues;
- designing and performing risk based Compliance monitoring tests;
- assisting in the performance and the upkeep of the Compliance risk assessments for the EMEA Credit and SPG businesses; and
- performing ad hoc administrative tasks within the team.
The role covers Credit Markets and Securitised Products activities in various forms on both the public and the private side across flow and structured products. As such, the work is varied and demanding, and will require candidates who have a working knowledge of FICC market structures, products and the relevant UK and EU regulations, particularly, MiFID2, Market Abuse Regulation and EMIR. Knowledge of the equivalent US regulations (e.g. Dodd Frank) would be beneficial. For candidates from outside the region, they are expected to be familiar with the equivalent regulations in their local jurisdiction, on subjects such as management of conflicts of interest, prohibition of insider dealing and market manipulation, mandatory trading and clearing of derivatives and fair treatment of clients.
The successful candidate should have a good understanding of the corporate bond and credit derivatives markets. Basic understanding of the loan and securitised debt markets would be helpful. Relevant experience of performing a Compliance, Risk or Control role in a global investment bank would be a significant advantage.
Being proactive, able to think critically about the information presented to them, to ask appropriate questions in order to establish the context, having the confidence to make quick decisions, while having sufficient experience to know when to escalate an issue, is essential.
The successful candidate must have the interpersonal skills to build relationships with key partners in the front and middle office and other control functions.
- The successful candidate must be a good team player and will be expected to provide cross coverage of the Credit Markets and Securitised Products businesses generally, whilst also providing specific input to new product and business initiatives, new policies, training, monitoring and surveillance escalations.
The role will require close liaison with other members of the Markets Compliance team, including the team in Paris, as well as the wider Compliance department (e.g. Control Room, Surveillance, Testing) as and when necessary.
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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
About the Company
Company: JPMorgan Chase Bank, N.A.
Company Location: London