JP Morgan Chase

Corporate - Audit - Wealth Management (WM) - Senior Auditor - VP

London, Greater London, United Kingdom, United Kingdom
Competitive salary
04 Aug 2021
06 Aug 2021
Approved employers
Approved employer
Job role
Job Description

Business Description

J.P. Morgan is a global leader in AWM with over $2.5 trillion in assets under supervision, including over $1.7 trillion in actively managed portfolios, and annual revenue of approximately $12 billion. WM provides a full range of services and investments to High & Ultra-High Net Worth individuals. This includes discretionary investment management, brokerage, advisory as well as custody and banking services.

Position Description

We are looking for a senior auditor (VP) in the WM EMEA Audit team with a background in audit, assurance or controls background at a private bank or financial institution, in particular, fiduciary or operations activities. The role focuses predominantly on Wealth Management businesses in Luxembourg, London and other European branches; however, the successful candidate will also have the opportunity to participate in audits covering other areas of the AWM business, where opportunities arise.

The individual will be responsible for assessing the adequacy of the control environment across J.P. Morgan Bank Luxembourg ("JPMBL") - Wealth Management activities. This individual will report to the WM EMEA Audit Director. The position, which is based in London is part of the wider WM Audit team. The individual will predominately be expected to perform execution of individual audits across Wealth Management (Luxembourg headquartered and EMEA branch network) and support the annual audit plan and risk assessment process. Further, the individual will be expected to develop relationships with key stakeholders across these areas in the location and within the network of EMEA Group Audit.

Key responsibilities
  • Participate in and lead audit engagements from planning to reporting, and deliver quality products within department and professional standards. Execute audit testing on individual audits of the above business and control functions.
  • Support WM EMEA Audit Directors as required with annual planning and risk assessment process, responses to external requests from regulators and/ or external auditors.
  • Provide input and support to the strategic vision and footprint of the Wealth Management Audit team, including consideration of changing regulatory, audit practice and industry standards and expectations.
  • Risk based audit approach, independently evaluating, testing and reporting on the adequacy and effectiveness of controls, as well as identifying the root cause of issues.
  • Finalise and communicate audit findings in a clear and concise manner and identify opportunities for improvement in the design and effectiveness of key controls. Use judgment to provide an overall opinion on the control environment.
  • Present the results of audit work to the Audit management, local stakeholders and risk and control forums.
  • Effectively partner with colleagues within the Audit team across the region and globally.
  • Build and maintain key relationships with stakeholders, establishing a culture of engagement while adding value.
  • Execute an effective program of continuous monitoring activities, including analysis of key metrics to identify control issues and adverse trends, and keeping abreast of key initiatives and pertinent industry and regulatory developments.
  • Employ computer-assisted auditing tools where applicable to maximize the efficiency of sampling and to reduce the risk of fraud and identify opportunities for the use of continuous monitoring and automated auditing.
  • Stay up-to-date with evolving industry and regulatory changes impacting the location and its control environment.

  • Business and Industry Knowledge - relevant financial services industry experience, preferably within Audit or risk and control functions. Previous experience in one or more of the following areas preferred: wealth management, trading & brokerage services, fiduciary investment and administration, investment products and risk management (credit, market, liquidity, operational).
  • Methodology & Analytical Skills - detailed understanding of internal control and risk assessment concepts and strong analytical skills to assess the impact of control weaknesses.
  • Partnership - Strong execution skills, ability to work predominately independently with limited supervision. Works well individually and in teams, shares information, and supports colleagues. Ability to create stakeholder relationships that promote transparency and open dialogue around control issues.
  • Communication - Strong verbal and written communication skills, with the ability to present complex and sensitive issues in a persuasive manner.
  • Leadership - Ability to assess priorities, adapt to a changing environment, monitor progress and timely deliver a high quality end product. Willingness to develop audit management skills. Enthusiastic, self-motivated, effective under pressure and willing to take personal responsibility/accountability. Demonstrates capability to learn quickly, be flexible and think strategically.
  • Accountability - proven ability to support the development of the scope and execution of audits/ projects. Seeks ways to increase efficiency and effectiveness of work performed. Willing to take personal responsibility/accountability. Ability to manage multiple tasks concurrently in an efficient and effective manner.
  • Project management - ability to participate in audit assignments and execute assigned audit tasks in a team environment.

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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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.

The Audit department provides independent assessments to evaluate, test and report on the adequacy and effectiveness of our governance, risk management and internal controls. The team's priorities are focused on strong governance, transparency, strategic engagement, and fostering a diverse and inclusive culture that develops our talent.

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