J.P. Morgan Bank Luxembourg S.A. (JPMBL) as a regulated Credit Institution provides a range of banking services to Banks, non-Bank Financial Institutions and corporate clients for the provision of Depository, Investor Services and Transaction Services.
Compliance plays a critical role in the successful execution of the firm's compliance mission. The Compliance function ensures the development and maintenance of a strong compliance culture by developing and maintaining rules that govern our business globally.
Compliance teams work closely with business, legal, risk, and audit program infrastructure that identifies, measures and monitors compliance with applicable laws, regulations and functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm's compliance control environment.
Luxembourg Compliance team has the responsibility for oversight of the consistent implementation of Global policies & practices whilst ensuring regional and country nuances are adopted to take into account local law and regulation.
The person sought will report directly to the JPMBL Head of Core Compliance and will be a key member of a highly regarded team.
The individual will lead Compliance’s co-ordination of identification and analysis of regulatory change at a local and EU level;
liaise with counterparts across a range of functions to determine the impact to JPMBL’s Corporate & Investment Bank and Private Bank businesses;
represent Compliance at the JPMBL Regulatory Change Forum and support the LOBs to implement the required changes appropriately.
Another key part of the role is to be a regional interface with the Independent Second Line Risk Assessment (ISRA) team based in New York, and support the execution of the EMEA programme across Compliance and operational Risk.
Finally as part of the overall Core Compliance team the candidate will be expected to contribute and support the wider team deliverables across the other practice disciplines;
Governance & Oversight; Policies; Training & Awareness; Issue management and Monitoring & Testing plus any other priorities identified by the JPMBL Chief Compliance Officer.
As the regulatory obligations of JPMBL grow with the business so does our need to manage the open and active dialogue, the role requires the building of relationships with key colleagues within all stakeholder groups especially control functions.
The Luxembourg team forms part of the EMEA Compliance Department.
Job functions / responsibilities include but are not limited to :
Keeping abreast of regulatory change, industry trends and anticipating areas of focus and attention of regulators, keeping stakeholders informed through the provision of regular Management Information and ad hoc briefings as required.
Coordinating across a range of stakeholder groups to consider the impact of local regulatory changes on both the WM and CIB businesses for example undertaking Compliance Impact Assessments (CIA’s) as they pertain to Regulatory Change and / or helping to co-ordinate EMEA wide CIA’s incorporating feedback from relevant SME’s and branch country compliance officers.
Building and maintaining Compliance’s JPMBL Regulatory Change Monitoring log, to include Prudential Regulation, and be an active participant in key governance fora such as JPMBL Regulatory Change Forum, EMEA Regulatory Reform Oversight Committee etc.
Communicating the Global ISRA programme prescribed standards, co-ordination and management across relevant LOBs and Stakeholders within the region.
Designing and implementing the roll-out of an enhanced ex-UK Countries ISRA framework focusing on aligning the programme / maintaining alignment with Global standards.
Educated preferably to degree level, ideally with a legal qualification / background.
Good working knowledge of CSSF Circulars, EU regulations and potential to develop expertise re US securities laws.
Good communication skills especially the ability to articulate complex issues to a range of audiences, including Legal and Compliance colleagues, Audit and regulatory authorities.
Ability to consistently deliver high quality results on the local and where applicable, regional program
Team player with strong interpersonal and influencing skill
Ability to work in a fast-paced, dynamic and demanding environment with control focus and attention to detail
Self-motivated individual with a positive professional and can-do attitude
Ability to prioritize, work under pressure and meet tight deadlines
Strong command of English language skills combined with French and / or German language skills preferred but not essential