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Job Description
If you are an experienced manager with extensive knowledge of trade products, check our new opportunity!
As a Head of Trade Transaction Control Management - Vice President in Trade and Working Capital ("T&WC") Operations team, you will oversee a globally dispersed team of Trade Technical Experts, design, execute and test controls to mitigate regulatory, compliance, legal and technical risks associated with the T&WC products.
Job Responsibilities:
* Interfaces with and influences internal partners supported by T&WC Operations: Product, Technology, Compliance, Risk, Legal, and Audit.
* Provides strategy, recommendations and updates on issues impacting trade products/transactions to T&WC Operations and internal partners.
* Represents JPMorgan T&WC in industry groups/forums.
* Interacts directly with regulators in exams, reviews, issues, and ad-hoc requests.
* Manages, influences and helps to implement process changes towards transforming current environment utilizing available technology and artificial intelligence.
* Identifies, measures, controls and monitors the T&WC transaction risk for both internal business units and external corporate clients.
* Minimizes exposure due to risks such as those resulting from human errors, transaction processing failures and fraudulent activities.
* Manages a globally dispersed team of Trade Technical Experts responsible for investigating and providing decisions daily on transaction escalations.
* Creates and delivers the Trade training program: CDCS (Certificate for Documentary Credit Specialists) certification, re-certification, targeted Trade Regulatory Compliance training, risk roundtable forums with internal partners or external clients.
* Serves as the escalation point for Compliance issues that impact T&WC.
* Performs quality assurance reviews for Sanctions Screening and AML review processes.
* Provides subject matter expertise and advice on trade transformation projects when required (e.g., Digitization, Automation, etc.).
Required Qualifications, Capabilities, and Skills:
* Extensive knowledge of trade products including but not limited to commercial (import & export) and standby letters of credit, documentary collections, bank to bank reimbursements, supply chain finance, trade loans, open account, etc.
* Expert level knowledge of ICC Rules, particularly, UCPDC, ISBP, URC, ISP, URR, along with working knowledge of SWIFT rules for 400 and 700 series messages.
* Expert knowledge of U.S. regulations such as BSA/AML, OFAC (Office of Foreign Asset Control), Anti-Boycott, Export Controls, etc.
* Excellent verbal and written communication skills to interact with internal and external partners.
* Demonstrate confidence in risk-based decision making with the ability to escalate timely to senior management.
* Possess the ability to analyze processes, identify opportunities for improvement, and influence internal partners to implement changes.
* Ability to operate in a complex, high-pressure, highly regulated environment in support of high-risk processes.
* Strong Risk and Controls mindset with a proven track record in handling regulatory requirements.
* Experience working in leadership roles in trade, risk, compliance or audit areas.
* Experience managing a globally dispersed team.
Preferred Qualifications, Capabilities, and Skills:
* CDCS (Certificate for Documentary Credit Specialists) certification is a plus.
* CAMS (Certified Anti-Money Laundering Specialist) certification is a plus.
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 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.
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services.
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