Executive Director - Regulatory Change - Private Bank - J.P. Morgan - Hong Kong

Job description
The regulatory change team within Product and Platform focuses on delivering high impact solutions to comply with significant regulatory change impacting the financial industry for Global Wealth Management. The team works cross-functionally with product specialists, front office advisors, legal, risk, compliance, operations, technology, middle office, supervision, control, and marketing. The objective of this team is to develop and implement solutions to come into compliance with regulatory change efforts globally that provide for a positive front office and client experience while ensuring a robust control framework to monitor daily.
This team is a business function, responsible for leading the identification and of rules in partnership with legal and compliance, completion of a business impact assessment, creation of feasible solutions, and the end to end project management through implementation for Ultra High Net Worth, High Net Worth, and Affluent client segments across jurisdictions and entities. Implementation consists of operating model definition and syndication, vendor identification/negotiation/on boarding, front office and client communications, training, and oversight of technology and operational implementation. Additionally, the group will assist in the development of new products and processes in response to regulatory changes.


Role Outline

The Asia Regulatory Change team is responsible for due diligence, strategy, operating model and control model definition and end-to-end execution of regulatory reform initiatives across GWM. The team is specifically focused on leading the Derivatives Regulatory reform including extra-territoriality impacts of Dodd-Frank, EMIR, and MIFID2/MIFIR to our Asia business. This role includes the management of the team responsible for the program management, business advocacy, creation and implementation of solutions, communication, and training to comply with regulations impacting the Asia business. Concurrently, the Asia regional held will work to ensure a consistent compliance policy, framework, and operating model with counterparties in the United State and EMEA within GWM and partner with other lines of business within JPMorgan. This team will continue to expand in mandate across other regulatory changes impacting the business.

Key responsibilities include:

Building and maintaining a strong and evolving team in Hong Kong and Singapore capable of navigation through complex subject matter, a fluid and fact paced environment, with an execution oriented mentality. The current Asia team is staffed with 5 employees across locations
Managing across the various underlying projects to ensure proper transparency, quality communication, controls, efficiency, and management of resources and costs at a program level to all levels of the firm.
Develop and manage the disciplined and efficient program to execute on milestones and comply with regulations on time
Managing the work with Legal and Compliance to interpret and understand impacts of changing derivative regulatory landscape to articulate how this changing regulatory landscape will our specific business model
Act as both liaison and business advocate with regulators, market participants such as ISDA, other parts of the firm, and GWM stakeholders to develop options and solutions for business
Making recommendations to senior management as to specific strategy to address impact of regulations that provide for a strong control framework
Coordinate communication and education of the front office (in conjunction with compliance) + ensure the right information is published
Coordinate client documentation and communication strategy (in conjunction with marketing) & ensure the right information is published
Coordinate NBIAs (New Business Initiative Approval) and PRAs (Process re-engineering approval)
As Subject Matter experts, participate in other “strategic” initiatives that will redefine how GWM business evolves over time
Numerous regulatory projects will require effective partnership with the following groups:

o Investment Leadership

o Credit Leadership

o Business Management

o Legal

o Compliance

o Technology and Operations

o Risk and Supervision

o Marketing

o Finance

o Tax

o Client Service

o COO Functions

Qualifications
Minimum of 10-15 years of experience in large-scale business or regulatory change program and product management
Organized, Methodical, analytical and comprehensive program management approach to deliver on time, within scope, within budget, and at a level expected
Enthusiastic, proactive, accountable, and detail oriented work ethic
Enjoy working in a fast-paced and highly demanding & fluid environment
Excellent written and verbal communication skills to interface globally with all levels of the organization, from senior management to process participants
Excellent influencing skills to solve problems, recommend solutions, drive decision making, and execute to transform the current sate
Detailed understanding and appreciate of business process, tools, and end to end product lifecycle that drive the investments business
Working knowledge of investment products and marketplace - specifically derivatives, foreign exchange, commodities & structured products
Understanding & Experience in Wealth Management / Private Banking organizations. Experience within JPMorgan Asset Management and/or Investment Banking organization, and specifically the businesses within Global Wealth Management is preferred.

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