JPMorgan Chase - Columbus, OH
posted 2 months ago
Full-time - Mid Level
Columbus, OH
Credit Intermediation and Related Activities
About the position
As a Fiduciary and Suitability Risk Associate on the Wealth Management Investment Risk & Analytics (IR&A) Client Risk team, you will be responsible for reviewing investment fiduciary and suitability activities within the Private Bank. This role involves assessing the alignment of recommended products with clients' risk tolerance and financial situations, providing risk reviews, and conducting deep-dive assessments of suitability and fiduciary activities for JPM Wealth Management. You will collaborate with various stakeholders, including Risk Management colleagues, Legal, Compliance, and Audit, to address suitability and fiduciary issues and emergent risks.
Responsibilities
- Identify risk issues in the business, perform reviews to identify gaps, and recommend risk mitigation strategies.
- Aid in performing fiduciary and suitability deep dives and other ad hoc projects.
- Represent Risk in working groups and/or meetings and review key risk issues, as appropriate.
- Participate in monthly meetings with global risk team members and senior risk management to discuss risk issues associated with suitability and fiduciary risk.
- Engage in regular dialogue with the business, providing informed reviews to business and control partners, including legal and compliance to resolve outstanding Risk issues.
- Produce ad hoc reports as needed and contribute to team projects to enhance risk reporting tools and dashboards.
- Work across different risk functions, including the controls team and policy governance team to ensure documentation related to fiduciary and suitability are in line with firmwide standards.
Requirements
- Bachelor's degree in finance, business, or economics or related field.
- 3+ years in financial risk management, preferably in Asset Management, Wealth Management, or Private Banking, with experience overseeing Suitability and Fiduciary Risk.
- Strong persuasive skills to work constructively with business partners.
- Control mentality with a natural skepticism and ability to anticipate unforeseen consequences.
- Self-starter with the ability to initiate, plan, execute, and manage projects.
- Strong verbal and written communication and presentation skills.
Nice-to-haves
- Knowledge of data visualization tools (e.g., Tableau) or programming (e.g., Python) is an added advantage.
Benefits
- Comprehensive health care coverage
- On-site health and wellness centers
- Retirement savings plan
- Backup childcare
- Tuition reimbursement
- Mental health support
- Financial coaching
