Cib Payments Business Controls - Mumbai, India - JPMorgan Chase Bank, N.A.

JPMorgan Chase Bank, N.A.

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Organization Description
The Corporate & Investment Bank is a global leader across investment banking, payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Control Management maintains a strong and consistent control environment through a joint accountability model that aligns managers with each function and region to mitigate operational risk.

The team focuses on four areas:
Control Design & Expertise, Risks & Controls Identification/Assessment, Issues & Control Deficiencies and Control Governance & Reporting.

There is an exciting opportunity to join the Payments Business Controls Management Team as a Controls Manager.

The Group is responsible for setting standards and providing the tools and infrastructure that ensures the Payments business has a seamless front to back control environment deployed in mitigation of the Business' inherent operating risks.

The Payments business offering includes Payables, Receivables, Liquidity, Trade& Working Capital, Cards & Merchant Services.

Key responsibilities of this position include, amongst others, those listed below consisting of both variable project related activities with finite completion dates as well as fixed day to day BAU activities.

**Risk and Control Monitoring

Work with the business to identify key processes and related inherent risks; assess and monitor risks
Advise on the establishment of front office controls and risk mitigation
Evaluate and advise on control gaps/breaches
Collaborate with the business to build, monitor, evidence and close out Issues and Actions Plans (APs) to eliminate control gaps
Provide guidance and oversight to central testing team in the ongoing testing of controls
Manage escalation and documentation of Risk Events

Supervisory Management

Collaborate with internal Audit, Regulatory Management and Compliance to help facilitate Audits, Exams andinternal testing
Work with the business to guide responses to requests
Run point on Audit/supervisory work related to CORE (Control and Operational Risk Evaluation).

Control & Operational Risk Evaluation (CORE)

Build out and refresh CORE processes, risks and controls in alignment with standards to ensure proper representation of business and audit/exam readiness
Complete ongoing CORE deliverables in timely manner, i.e. risk ratings, KRIs, control effectiveness)
Ensure proper mapping of standards to CORE (e.g., Conflicts of Interest, Office of Legal Obligations)
Work with business to build tools and artifacts to help properly reflect business processes in CORE (e.g., process flows, Role and Responsibility documents)

Policy, Standards and Attestations

Keep up with internal and regulatory policy and standards changes
Collaborate with the business to understand and respond/react to material changes
Assist with coordination of business attestations

Business Forums and Key Indicators

Support Payment Business/Regional/Local Control Forums; provide input, as applicable, for monthly presentations; create documentation
Work with team to define and maintain KRIs/KPIs

Projects, Ongoing Programs and Thematic Reviews

Provide guidance to business to ensure local initiatives go through proper New Business and Change Management protocols and monitoring
Participate and lead projects designed to enhance the control environment and simplify processes
Produce and present materials which provide clear insight and analysis into the risk environment and trends relevant to the Payments business

Essential Skills & Qualifications

Minimum 5 years experience in Banking & Financial Services.
3 years of relevant operational risk management and controls experience within the financial services industry preferred.
Experience in other/related functions a plus (e.g., Product, Operations, Business Management)
Payments experience preferred.
Ability to engage effectively across teams, taking a leading role with internal/external partners in defining strategy while focusing on day to day processes
Personal impact and credibility are essential. Organizational skills are required to marshal internal resources in support of projects
Proven track record in effectively managing high performing, diverse teams across multiple locations
Ability to partner in a virtual team environment across multiple locations
Ability to think flexibly and learn rapidly, manage multiple projects at once and prioritize effectively
Strong analytical and problemsolving skills with the ability to exercise sound and balanced judgment; keen attention to detail;
Excellent communication skills (verbal and written), including ability to succinctly advise of risks, challenges and potential solutions
Bachelor degree in Finance, Economics o