Regulatory Controls - Vice President

Middle Office, as part of CIB Operations, provides support to a wide range of external and internal businesses. It also provides the best-in-class operational processing capabilities across all asset classes. The Regulatory Controls Team is responsible for the full end to end implementation of the Regulatory Trade Reporting in Global Credit, Rates and Equities Derivative Group.

Derivatives, Credit Default Swaps, equity swaps, interest rate swaps and other structured derivative products.

Job Responsibilities

The candidate would be responsible for 

• New regulatory reporting implementation & on going remediation
• Understand the regulatory requirements working with Legal / Compliance / Industry (ISDA/Equities industry groups/DTCC etc) & internal stakeholders
• Establish the end to end control processes.
• Review & improve the end to end control process around the Regulatory Reporting agenda in Credit / Rates / Equities.
• Establish a strategic attestation process on Regulatory reporting for the jurisdictions already implemented to the business
• Come up with process and system enhancement recommendations
• Work with business and Technology group to prioritize the requirements by presenting the business case
• Perform cost benefit analysis to propose optimum future process to the business
• Ultimately, successfully deliver controlled environment of Regulatory Reporting  
• Ensure all controls and checks are completed on End of Day

Required qualification, skills and capabilities:

• Previous experience in the Financial Services industry with strong understanding of Credit / Rates / Equity Derivatives products 
• Strong understanding of Dodd Frank CFTC Trade Reporting, MIFID II, APAC and EMIR Trade Reporting
• Excellent Business Analysis skills to drill down the complex Regulatory Reporting requirements for multiple jurisdictions
• Strong product knowledge; thorough understanding of the end to end transaction cycle for derivative products
• Ability to work in a high pressure environment with time critical deliveries
• Control mindset to identify process control gaps, prioritize & mitigate operational risk
• Excellent time management skill and ability to prioritize work effectively     
• Requires experience in the following: Experience with regulatory reporting operational elements; trade booking models and processes for internal Business areas supported; Derivative product knowledge; data analysis skills, including pivot tables and vlookups; 
• Exposure to Regulatory Reporting; Operational Risk Management (ORM’s); Control Gaps; Automated work flows; Data Visualization would be an added benefit.
• Graduate with 10+  years of experience, with alteast 7+ years in an investment banking environment, preferably in Middle Office / Trade Support
• Degree holder in Finance / Economics or other related disciplines (preferable)
• Strong proficiency in MS Office. 

Shift Timings

• Primary Coverage- 1:30 pm to 10:30 pm IST. Cross regional coverage to be provided. Ability to work stretch hours in case of business requirement. 

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.