Compliance Manager, Investment Management Adviser Testing Team
JPMorgan Chase - Jersey City, NJ

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Job Description

JPMorgan Chase & Co. (NYSE: JPM)

is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries. The firm is a leader in asset management, investment banking, private banking, treasury and securities services, and commercial banking. Today, the firm serves one of the largest client franchises in the world, including corporations, institutional investors, hedge funds, governments and affluent individuals in more than 100 countries.

J.P. Morgan Asset Management is a leading asset manager for institutions, individuals and financial intermediaries, worldwide. Our investment professionals are located around the world providing strategies that span the full spectrum of asset classes including equity, fixed income, cash liquidity, currency, real estate, infrastructure, hedge funds and private equity.

This Compliance Manager role will be located in the Investment Management (IM) Adviser Testing team in Jersey City, NJ and will report to the IM Adviser Testing Team Manager.

Specific Responsibilities

Research, plan and undertake detailed testing reviews, in accordance with the IM America's investment adviser and mutual funds testing programs to assess compliance with applicable rules and regulations. These should be undertaken in an accurate and timely manner.

Maintaining a thorough and up to date understanding of investment adviser and mutual funds investment management requirements, including front office, operations and fund accounting. Maintaining an understanding of broker dealer requirements would also be beneficial.

Prepare and agree detailed and accurate reports of findings including the agreement of practical and relevant recommendations for the business to address.

Enhance the visibility of the testing team and establish key business relationships.

Interact with all levels of business management and staff. Meet regularly with key business staff to remain informed of risks within the business and issues arising.

Work with the Compliance Advisory teams/Subject Matter Experts for the adviser and mutual funds and Broker Dealer businesses to ensure up to date and comprehensive understanding of these areas. Use this knowledge to execute the testing program.

Develop and maintain the Compliance Assessment, Testing and Tracking System (CATTS) via on-going update, coordination and periodic review of the Compliance Risk Assessment.

Work with the Team Manager and the Global Investment Management Head of Testing to develop and update the adviser and mutual funds testing program and ensure that this remains fluid, risk-based, focused and up to date with both regulatory and business changes.

Make suggestions to enhance testing procedures to the Team Manager and the Global Investment Management Head of Testing.

Monitor the status of implementation of corrective action and together work with the business to resolve these issues. Where actions are not implemented in line with agreed timelines, escalate to the Team Manager or the Global Investment Management Head of Testing.

Undertake ad-hoc projects at the request of the Team Manager and the Global Investment Management Head of Testing.

Prepare clear and organized work papers to document and support work performed and conclusions reached.


Required Skills

Bachelors Degree required

Experience as an Accountant or Auditor with at least 5 years of experience as a Compliance Officer, Risk Officer, Quality Assurance Analyst, or Regulatory Examiner within the Securities Industry is preferred

Strong knowledge of the Investment Company Act of 1940 and Investment Advisers Act of 1940, with an overall understanding of regulations relating to adviser and mutual funds

5+ years of compliance testing experience with the Investment Company Act of 1940 and/or Investment Advisers Act of 1940

Experience with either 38a-1 compliance testing or 206 (4)-7 compliance testing, required (experience with both would be preferred)

Practical experience of conducting adviser and mutual funds testing in an asset management company. Experience in broker dealer testing and related requirements will also be beneficial

Experience with testing or monitoring reviews of alternative investments

Pro-active, motivated and enthusiastic

Strong attention to detail and strong analytical skills

Able to work independently with good time management skills

Strong written and verbal communication skills, as well as influencing abilities

Good team player with strong interpersonal skills

Self motivated individual who is able to perform multiple tasks and projects simultaneously

Working knowledge of Bloomberg and Microsoft Word, Excel and PowerPoint

JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.


Investment Management/Private Banking

Primary Location

US-NJ-Jersey City-NOC 5 - 575 Washington / 02969


Office of the General Counsel



Job Type



Day Job

Employee Status


Corporate Brand

JPMorgan Chase & Co.

JPMorgan Chase - 11 months ago - save job - block
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