Executive Director, Private Banking Compliance (m/f)

Executive Director, Private Banking Compliance

Luxembourg

Job Information

• Job Identification 210528767

• Job Category CCOR LOB/CF/Country Coverage

• Business Unit Corporate Sector

• Posting Date 06/25/2024, 09:54 AM

• Locations 6 route de Treves, Building C, Senningerberg, Luxembourg, L-2633, LU

• Job Schedule Full time

Job Description

Forming part of the J.P. Morgan SE PB Compliance team you will lead a team of Compliance professionals responsible for the execution of line of business Compliance program across JPMSE head office and EEA branches, working closely with colleagues in London and Geneva.

Job Summary

As Executive Director, PB Compliance, you will work closely with a range of stakeholders across the three lines of defence, providing Compliance advisory coverage for Private Bank personnel in Luxembourg, Frankfurt and all EEA branches. The role will also include involvement in work associated with regulatory interaction associated with the Private Bank, the delivery of specific responses to supervisory bodies and involvement in any relevant examination or deep dive activities, notably with the external auditors, CSSF or ECB.

You will be having strong interaction with regional teams across the compliance framework, Regulatory Management and advisory teams to support consistency and ensure local considerations are adequately covered. For that you need to possess a strong regulatory and compliance background to advise on core compliance obligations within the European regulatory framework. You will report to the Head of Wealth Management Compliance EMEA and the Luxembourg Chief Compliance Officer.

Job Responsibilities

• Lead a team providing Compliance advice to support the PB business in particular but not limited to EU regulation and banking requirements covering governance, outsourcing, ESG, cross border, review of new products, conflicts and fiduciary risk;

• Partner with Regional and Global Compliance to ensure consistency and leverage best practices for the PB business;

• Keep abreast of regulatory and legislative changes (e.g. MiFID, MAR, SFDR, GDPR etc.,) and provide advice to enable the business to implement changes and operate in a compliant and controlled manner;

• Review regulations and related regulatory mapping analyses, and work with divisional partners to advise the relevant owners on the development of policies and procedures within the legal entity and across other group legal entities as necessary;

• Develop close working relationships with management within the bank and line business to engender a culture of compliance within the business;

• Oversee the team in the performance of the Compliance risk assessment, testing and monitoring program, and new business regulatory reviews and where necessary coordinate within the legal entity and  across other group legal entities as necessary;

• Participate in day-to-day PB communications with regulators, supporting Regulatory Management and when needed act as the lead SME for the PB LOB on relevant external audits, regulatory examinations, reviews, information requests or other specific deliverables;

Required qualifications, capabilities and skills

• Strong technical background and experience in a Compliance, Legal or Risk Management environment in banking of financial services, focusing on detailed regulatory and control requirements and their practical implementation;

• Developed leadership skills, with the capability and willingness to lead by example, and ensure appropriate discipline around management of risks and people management;

• Ability to influence at senior forums by establishing and maintaining strong relationships with the businesses in-country and regionally, key stakeholders and regional control partners. . Ability to offer robust and constructive challenge, at all corporate title levels and across different disciplines.

• Excellent communication and presentation skills, with the ability to translate complex regulatory issues into comprehensible messages for a range of audiences and levels;

• Ability to consistently deliver high quality results on the local and firm-wide Compliance program;

• Team player with strong interpersonal and influencing skills. Self-motivated, positive professional and can-do attitude.

• Strong judgement and an ability to think, plan and execute on multiple projects simultaneously in an organized manner, prioritize, work under pressure and meet tight deadlines.

• University graduate in finance, law or other related discipline

Preferred qualifications, capabilities and skills

1. Previous experience in dealing with and maintaining relationships with the CSSF, ECB or European or Global regulators within a large and complex financial services firm or experience working at a relevant regulator

2. Strong command of English language skills combined with French and/or German language skills preferred.

About Us

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.

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we're setting our businesses, clients, customers and employees up for success.

Our Compliance teams work globally across all lines of business to advise internal stakeholders on the impact of regulatory requirements and how to balance these with the firm's needs. Their diverse mandate means they also provide input on new business strategies, product lines, policies, training, operational processes, risk mitigation and control.