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Asset & Wealth Management
With assets under management of $2.0 trillion, Company Asset & Wealth Management (AM) is one of the largest asset and wealth managers in the world. We serve four distinct client groups globally through three businesses: institutional and retail clients through Company Asset Management (AM), and high-net-worth and ultra-high-net-worth clients through Wealth Management (WM), which includes the Private Bank and Company Securities.
Risk Management – Business Management
Risk is an inherent part of Company Chase's business activities and the firm's overall risk tolerance is established in the context of the firm's earnings power, capital, and diversified business model. The firm's independent risk management framework and governance structure are intended to provide comprehensive controls and ongoing management of the major risks inherent in its business activities. It is also intended to create a culture of risk awareness and personal responsibility throughout the firm. The firm's ability to properly identify, measure, monitor and report risk is critical to both its soundness and profitability.
The Asset & Wealth Management (AWM) Risk Management team, led by the AWM Chief Risk Officer (CRO), is aligned to the AM and WM sub-lines of business covering the broad spectrum of risks inherent in the AWM business. Our independent oversight includes Credit Risk, Fiduciary Risk, Counterparty Risk, Investment Risk, Reputation Risk, Market Risk and Operational Risk.
AWM Risk Business Management supports Risk Management processes across all AWM business lines, functions and risk stripes. The team drives critical initiatives and internal presentations for the AWM Chief Risk Officer (CRO) to C-level management within AWM and the firm, such as the AWM Operating Committee (AWMOC), Risk Operating Committee (ROC) and Board of Directors such as the Risk Committee (RC). The team works with members of staff across Asset Management, as well as other Business/Program Managers and stakeholders from key partner groups including Firmwide Risk, Finance, Oversight and Control, and Human Resources. The team also manages Risk Governance Committees, globally.
Drive Risk Strategy
Support group heads and senior risk managers as required
Support the development of strategy and priorities (in conjunction with the senior leads)
Support the delivery of strategic business initiatives
Work with risk teams and support groups (Finance, Tech, Reporting, Middle Office, Legal, HR) to align with risk priorities
Support communication of strategy, performance and priorities
Provide input and support to management reporting
Develop and monitor effective business continuity plans
Support management of AM Risk Governance and global Risk Committees which includes topic coverage, escalation, Minutes, tracking of follow-ups
Implementing requirements from Firmwide Risk Governance team to adhere to Firmwide Risk Governance Standards.
Ensure consistency across sub-LOBs and AM Risk regional Risk committees
Office of Legal Obligations (“OLO”)
Supporting the Risk Obligation Tollgate process and acting as the channel for Risk Obligations into Asset & Wealth Management through supporting Risk OLO forums
Processing, managing and tracking of Asset Management Risk related obligations through the operating model lifecycle
Enabling, monitoring and reporting against progress and where necessary, resolving and escalating issues
Partnering with Firmwide Risk, aligned Risk Control Officers and Line of Business aligned Risk subject matter experts to support the delivery of end to end mapping and management of obligations
Support the program on data entry and broader project management activities
Provide guidance and advice on the OLO process and tool related topics
Data analysis and validation using internal systems in conjunction with Microsoft products
Support in the coordination and/or preparation of materials for Business Heads/ Regional CEOs as well as track follow-ups and approvals for the AM Reputation Risk Committee (AMRRC)
◦ AMRRC includes assessment of evidence presented by the business to fulfill any approval conditions, and recordkeeping, including retaining evidence of conditions fulfillment and other required supporting documentation, and general data quality oversight in the Firmwide Reputation Risk Database.
Legal Entity Risk Governance
Lead Legal Entity Risk Governance process across AWM Risk
o Partnering with Firmwide Legal Entity Risk Management and AWM Legal Entity Risk Managers (LERMs) to ensure legal entities are appropriately tiered
o Drive semi-annual LE Risk Tiering exercise and qualitative factor review
Policy & Procedure Management
Manage AM Risk Policies and Procedure governance
Lead Firmwide Procedure initiatives for AM Risk, ensuring procedures meet Firmwide requirements
The Business Management Analyst will need to be able to understand Risk and Asset Management concepts to be able to highlight key messages from detailed analyses performed by the team or by others. Deliverables are often related to ad-hoc and unanticipated requests, so the Analyst must be able to deal with changing priorities, making good decisions about how to get the work done and communicating immediately where there are real risks to on-time delivery. Attention to detail and accuracy is critical, given the executive audience for much of the team’s work.