Join us to lead a critical function that ensures our compliance with BCBS 239 standards and enhances our data risk management capabilities. This role offers the opportunity to shape the future of our framework and drive meaningful changes across the organization.
As a Lead of BCBS 239 2LOD Validation Function within J.P. Morgan SE, you will be reporting into the Head of JPMSE Operational Risk Management (ORM). You will lead efforts to ensure robust oversight in line with BCBS 239 principles and with the ECB Guide to Risk Data Aggregation and Risk Reporting (RDARR). Your role will involve developing and validating risk management activities, aligning with regulatory standards, and enhancing the resilience of the organization. You will provide strategic leadership to maintain and strengthen the firm’s risk management framework.
Job Responsibilities
Design and implement a robust framework and operating model for BCBS 239 independent validation, ensuring it meets JPMSE-specific requirements within the context of global data risk management framework.
Establish processes and standards for validation activities, integrating best practices and regulatory expectations and define roles and responsibilities for the function.
Develop a comprehensive plan of validation activities (“Testing Plan”) to systematically assess RDARR capabilities, including IT infrastructure, accuracy and completeness of data lineage, End User Development Application and data taxonomy and outsourced activities in line with BCBS 239 standards and RDARR requirements.
Assess the needs of the new JPMSE 2LOD BCBS Validation function and, if necessary, hire adequate resources to ensure it is appropriately staffed and equipped with the necessary expertise.
Lead and oversee BCBS 239 testing initiatives conducted by the JPMSE 2LOD BCBS Validation Team, leveraging the Central Testing Centre of Excellence where appropriate.
Maintain comprehensive scope to incorporate ongoing enhancement to the framework and controls, including oversight of outsourced functions, IT changes, M&A, and new product launches.
Oversee 1LOD BCBS Program remediation and lead the remediation efforts for the 2LOD, ensuring timely and effective resolution of issues and continuous improvement.
Serve as a subject matter expert on JPMSE BCBS, providing guidance, insights, and training to 2LOD senior leadership and 2LOD relevant stakeholders.
Coordinate with global and local teams including Risk, Compliance, and IT, to enhance data risk management and ensure seamless integration and alignment with organizational objectives.
Develop and maintain comprehensive reporting mechanisms to track compliance status, validation outcomes, and remediation progress, incorporating key metrics for performance evaluation.
Provide regular reports to the JPMSE management board with detailed information on independent validation results, findings and escalation items.
Required Qualifications, Capabilities and Skills
Minimum of 8 years of experience in Compliance, Data Management, and/or Risk Reporting.
Strong understanding of data risk management and JPMC operations.
Strong project management skills including proven track record of strategic leadership and oversight in a complex financial environment.
Excellent communication and interpersonal skills, with the ability to influence and collaborate with senior stakeholders.
Strong analytical and problem-solving skills, with a focus on delivering results.
Preferred Qualifications, Capabilities and Skills
Bachelor’s degree in Finance, Business Administration, or a related field; advanced degree preferred.
Good knowledge and understanding of BCBS 239 principles and regulatory requirements is preferable.
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