|Job Type:||Full Time|
Markets Compliance Team
The Markets Compliance Team comprises of 20+ professionals and is based on the London Fixed Income Currencies and Commodities (“FICC”) and Equities Trading Floors. The Team is responsible for setting policies, providing training and real-time interpretation of financial regulations to the EMEA Markets businesses, which are based mainly in London with an expected second hub in Paris. The Team forms part of the EMEA Compliance Department which covers JPMorgan’s Corporate and Investment Banking, Security Services, Asset Management and Private Banking businesses in the region.
The Team is recruiting for a VP level candidate to join the Markets Compliance team, providing primary line of relationship management and regulatory support to the respective Sales, Trading and Syndicate functions of Global Credit Markets and Global Securitised Products Group. The candidate will also support the Securitised Products Origination function, the Credit Portfolio Group and the related Credit Risk and Market Risk functions. These are leading global FICC businesses that provide a wide range of investment banking services to corporate, institutional and government clients in EMEA.
As a Credit and Securitized Products Markets Advisory Compliance Officer, the candidate will be responsible for:
assessing the impact of new financial regulations and setting appropriate internal Compliance policies and procedures, and keeping them up to date.
preparing Compliance training materials and conducting programmed and ad hoc training where necessary.
providing real-time interpretation of internal Compliance policies and procedures in response to ad hoc enquiries from front and middle office.
investigating and resolving escalation alerts from Compliance Surveillance and self-escalations from front and middle office.
designing and performing risk based Compliance monitoring tests.
assisting in performing and keeping up to date the Compliance risk assessments for the EMEA Credit and SPG businesses.
representing EMEA Credit and SPG businesses in regional and global Compliance working groups.
- assisting in ad hoc administrative tasks of the team.
liaison with other members of the Markets Compliance team, as well as the wider Compliance department (e.g. Control Room, Surveillance, Testing) as and when necessary.
be familiar with FICC market structures, products and the relevant UK, EU and US regulations, particularly, MiFID2, Market Abuse Regulation, EMIR and Dodd-Frank. For a candidate from outside the region, they are expected to be familiar with the equivalent regulations in their local jurisdiction, on subjects such as management of conflicts of interest, prohibition of insider dealing and market manipulation, mandatory trading and clearing of derivatives and fair treatment of clients.
should have a good understanding of the corporate bond and loan, credit derivative and securitised debt markets.
relevant experience of performing a Compliance, Risk or Control role in a global investment bank would be a significant advantage.
must be able to think on their feet, provide ‘live’ regulatory interpretation and decision to the business, often in high profile and/or time constrained situations.
be proactive, able to think critically about the information presented to them, to ask appropriate questions in order to establish the context, having the confidence to make quick decisions, while having sufficient experience to know when to escalate an issue, is essential.
- be a good team player.