Join the prestigious J.P. Morgan SE Private Bank Compliance team and play a pivotal role in shaping regional and global compliance initiatives. As a key player in our Private Bank line of business, you will provide expert advisory support to our Private Bank personnel in Germany and navigate the central European regulatory landscape.
As a Private Banking Compliance Vice President within the Private Bank Compliance team, you will have strong interaction with regional teams across the compliance framework, Regulatory Management and advisory teams to support consistency and ensure local considerations are adequately covered. 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 J.P. Morgan SE – Luxembourg Branch Private Bank Compliance Advisory.
Job responsibilities
* Provide Compliance advice to support the Private Bank (PB) business, particularly regarding European Union regulation and banking requirements covering governance, data privacy, outsourcing, ESG, review of new products, product governance, cross border, Insurance, and conflicts of interest;
* 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 within the bank and line of business to engender a culture of compliance within the business;
* Contribute to the performance of Compliance risk assessment, testing and monitoring program, and new business regulatory reviews, and coordinate within the legal entity and across other group legal entities as necessary;
* Support 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
* University Graduate;
* Detailed knowledge of products and services in Private Banking;
* Strong background and experience in a banking or risk management environment, or financial services from a legal or regulatory perspective;
* Team player with strong communication, interpersonal, and influencing skills, with the ability to establish good partnerships within a large organization. Self-motivated, positive professional with a can-do attitude;
* Ability to work in a fast-paced environment, demonstrate strong judgement, and think, plan, and execute on multiple projects simultaneously in an organized manner, prioritize deliverables, work under pressure, and meet tight deadlines;
* Strong communication skills - German speaker with a strong command of the English language (both verbal and written).
Preferred qualifications, capabilities, and skills
* Strong knowledge of key financial services regulation and EU regulations e.g., MiFID, MAR, SFDR, GDPR, and any German specificities. Prudential regulatory experience preferred;
* Previous experience in dealing with and maintaining relationships with the BaFin, ECB, or European or Global regulators within a large and complex financial services firm, or experience working at a relevant regulator or auditor;
* Knowledge of other European languages, aside from English and German.
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