Join JPMorgan Chase as an Executive Director in Hong Kong, where you'll lead compliance initiatives within our Asset & Wealth Management team. This role offers the chance to drive impactful programs and engage with key regulatory bodies, all while advancing your career in a globally recognized firm. With a focus on career growth and mobility, you'll benefit from a robust platform and competitive compensation. Be part of a team that values innovation and excellence, and make a significant impact in the world of asset management.
As an Executive Director within the APAC Asset & Wealth Management Compliance, Conduct & Operational Risk (CCOR) organization, you will lead a team dedicated to overseeing and implementing the CCOR program for our Asset Management business in Hong Kong, across a diverse portfolio of asset management products, including mutual funds, ETFs, and discretionary management services. Your role involves collaborating across teams managing various investment strategies, such as equity, fixed income, and alternative asset classes, ensuring compliance and operational excellence. This work is vital to the firm and contributes to the broader community by maintaining high standards and fostering growth.
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Job Responsibilities:
- Lead a high-performing team that conducts Independent Second Line oversight over the HK business activities which include online direct retail sales, mutual funds (including ETFs) sales distribution through third party financial intermediaries and platforms, investment management and dealing activities across equity, fixed income, money market and multi-asset strategies.
- Act as the primary contact for regulatory engagement with Hong Kong Securities & Futures Commission (HKSFC), Mandatory Provident Fund Authority (MPFA) and other relevant regulatory bodies for day-to-day matters and onsite inspections.
- Represent JPMorgan Asset Management in industry associations such as Hong Kong Investment Funds Association, ASIFMA
- Partner closely with business personnel to ensure regulatory changes are implemented on a timely basis, including regulations impacting US Registered Investment Advisers
- Assess compliance and operational risks for new products and business initiatives through the New Business Initiatives Approval process.
- Engage with other regional or location CCOR counterparts to provide oversight over activities involving Mutual Fund Recognition programs (with China), cross-region investment delegation for segregated mandates etc
- Provide oversight of Korea onshore client advisors' coverage of intermediaries and institutional clients.
- Implement the firm's operational risk management framework to independently assess the operational risks and control environments, through qualitative and quantitative means, including periodic Hong Kong legal entity assessments, review of performance against key indicators and relevant deep dive reviews.
- Drive the CCOR monitoring program and collaborate closely with the first line of defence centralized Testing team to define the quarterly testing plans and testing approaches, including liaising with key business stakeholders on the results of any monitoring and testing activities.
Required Qualifications, Capabilities, and Skills:
- Minimum 15 years of experience in a compliance, control or audit role within an asset management business
- Extensive knowledge of relevant laws and regulations including but not limited to those issued by the HKSFC, MPFA, US Securities & Exchange Commission etc.
- Excellent interpersonal and communication skills including effective interaction with senior management
- Strong influencing and stakeholder management skills with the ability to drive change
- Solid command of written and spoken English
Preferred Qualifications, Capabilities, and Skills:
- Experience in managing or leading teams, or demonstrated ability in leadership roles would be preferred
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
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.
Our Compliance teams work globally across all lines of business to advise internal stakeholders on the impact of regulatory requirements and how to balance these with the firm's needs. Their diverse mandate means they also provide input on new business strategies, product lines, policies, training, operational processes, risk mitigation and control.