CIB Markets Legal and Regulatory Change Management Lead – Vice President – Buenos Aires
J.P. Morgan
Buenos Aires, Argentina
hace 2 días

Role Summary

The Office of Legal Obligation (OLO) program is a firm-wide, global initiative that brings together the expertise of Legal, Lines of Business (LoBs), Oversight & Control, Compliance, Risk and other key control functions, to proactively manage regulatory changes in our operations and allow us to trace end-to-end connections between laws, rules and regulations on the one hand, and our policies and procedures that demonstrate compliance on the other.

The OLO program has been running since 2017, and is now transitioning into a BAU’ state, which will require OLO and Legal and Regulatory Change Management (LRCM) activities for the global Markets (Sales, Trading, Research) business to be supported in perpetuity.

The role is within the Markets Controls organization, supporting the global Markets business. The global Markets LRCM Support lead will lead a team of specialists responsible for the completion of OLO and LRCM related BAU tasks, in addition to further support of the overall Markets Regulatory Change framework.

Mapping Execution activities will involve working extensively with a diverse set of global stakeholders, including Legal, Compliance, Business Control Management and other stakeholders on a global basis.

The LRCM Global Support lead will be responsible for leading and executing this work for Markets businesses based in 24 jurisdictions (8 languages), with further scope expansion possible.

The position reports into the global LRCM lead, based in London.

Responsibilities of the position and team include :

Mapping Execution ( OLO’)

  • Determining the applicability of individual regulations to the Markets businesses, and subsequently mapping these legal obligations and the full underlying legal text to procedures or other supporting documentation, and related Business Process.
  • Capture the above in the firm’s system of record, ELA’ Overseeing the above for direct reports

  • Performing Mapping and Assessment Approval review task for each mapped obligation, as formal delegate of the global Sales and Trading business heads ( process owners’)
  • Acting as a Subject Matter Expert on OLO processes and tools, collaborating with Legal, Compliance, Risk, Finance, Business partners and others to ensure a clear and consistent interpretation of applicable obligations
  • Compiling procedure gap analysis data and making recommendations to senior Business Control Managers, amongst others, as to how these gaps should be addressed
  • Responding to and resolving items identified by Quality Assurance and audit processes
  • Supporting responses to queries received from regulators on obligation mapping outcomes
  • Regulatory Change Management ( LRCM’)

    The bank has established a Legal and Regulatory Change Management program, to ensure the mapping of legal obligations in the ELA database remains up to date in the face of business and regulatory changes.

    The LRCM Global Support team will, in addition to owning obligation related activity as outlined above, contribute to the LRCM program’s activities. This may include :

  • Assessment of the impact of regulatory changes (LATAM-focused)
  • MIS / Reporting / Governance material production
  • Running weekly LRCM Triage process for Markets
  • The scope of these reg change management activities is likely to increase over time.

    Migration management

    The future activities of the Buenos Aires team are currently performed by staff in primary locations (London, Singapore, Hong Kong, New York).

    The LRCM Global Support manager will be responsible for the effective migration of the in-scope activities to Buenos Aires.

    This includes, but is not limited to :

  • Working with Markets LRCM global lead and existing primary location staff to develop migration plan, including : Resourcing ramp-up plan, incl.
  • recruiting Skills and knowledge matrix assessment Knowledge transfer plan from primary location existing staff Training plan Markets business knowledge CORE structure Markets procedures CIB and Corporate OLO mapping standards for obligations Development of local operating model and documentation of such in SOP(s) QA processes Inputs to mapping and assessment process including business footprint files, L&R matrices, inventory of relevant procedures, policies and other supporting documentation Completing IAS and other internal policy approvals, as required Governance framework to allow adequate oversight of offshored function SLAs, MIS, escalation protocol etc Success and exit criteria to progress to BAU state

    Program & Team Management (BAU)

  • Develop capacity and resource plans, run-rate forecasts and actual completion metrics for the Markets sub-LOB
  • Escalation point to assist with the resolution of issues and risks for Markets
  • Track and resolve items that impact team deliverables
  • Manage direct reports, including daily / weekly / monthly work allocation, and people-related activities incl. performance management, objective setting, career development, succession planning, recruitment and training etc.
  • Qualifications

  • Strong working knowledge of J.P. Morgan’s Markets products and businesses
  • Significant experience in business controls, operational risk, Compliance, Legal, Audit or similar function with coverage of Markets Sales / Trading businesses.
  • Excellent project management skills and ability to instill structure, process and accountability to meet aggressive weekly production delivery targets, whilst maintaining quality standards.
  • Ability to motivate and gain consensus among staff to drive initiatives to completion
  • Proven team management and leadership capabilities (team size 4+)
  • Detail oriented, with a highly disciplined approach to process and quality control
  • Strong business analysis skills to enable efficient, accurate and objective decision making
  • Excellent personnel and organizational management skills, including expertise in issue and conflict resolution
  • Ability to partner closely with related functions to ensure a coordinated and effective program
  • Outstanding listening and negotiation skills, as well as being a strong written and verbal communicator
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