JPMorgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to high net worth individuals and families in 36 countries around the world. We deliver highly customized and tailored solutions to help clients with the many complexities they face by leveraging the entire commercial and investment banking capabilities of the firm.
We are currently seeking a Supervisory Manager for the New York Private Bank, EMEA Team. The Supervisory Manager is responsible for all aspects of sales supervision and risk review for their assigned regions/teams. The Supervisory Manager coordinates and works closely with Private Banking Risk, Control, Compliance and Legal on issues that arise in the regional teams. Supervisory responsibilities will include (but are not limited to):
Review of correspondence (including marketing materials - Review of incoming and outgoing correspondence (print, fax, e-mail).
Approval of all new accounts and account updates
Review and approval of daily trade activity blotter for regional teams
Quarterly review of Private Equity concentration reports for regional teams
Suitability pre-review of transactions - Approve new accounts and provide guidance on OTC derivative transactions. Pre-trade product review, including document and authorities review for certain Foreign and local securities, New Issue and secondary issuance of equities, and Rule 144.
Pre-approve clients for Private Investments and Hedge funds. Review client suitability and complete suitability checklist as appropriate prior to accepting orders.
Errors- responsible for resolving order errors. This includes identifying circumstances, taking market action when necessary to resolve the error and completing the error reporting. The Supervisory Manager will assign responsibility for errors as necessary.
Account reviews - The Supervisory Manager will complete client reviews as outlined by Compliance procedures, follow up on issues or make client contact as appropriate and maintain records of the review process
Personal Trading and outside business activities —coordinate that written consent of the Office of the Secretary is obtained before employees engage in outside Speaking activities: approve lectures or interviews prior to activity and maintain a log of the activity. Approve personal securities transactions for regional employees as required by firm policy. Review and resolve personal trading policy violations with Compliance and Regional Manager as required.
Client issues -Review client inquiries, issues and complaints. Complete a thorough investigation and follow up letter to client when necessary. The Supervisory Manager involves Compliance, Legal, IM Risk Management & Control along with Senior Management in the process of reaching an appropriate resolution. Discusses with sales person and provides follow up memo or e-mail when necessary. Records resolution of problem.
Education and training - Responsible for providing policy and procedural training to new employees, assist with continuing education requirements and provide special training as warranted on specific topics. Disseminate information relating to changes in policy and regulatory rules. Discuss compliance and new product lines with sales personnel. Coordinate annual Compliance training for regional team with Private Banking Compliance
Audits -The Supervisory Manager is the point contact for internal examinations conducted by Compliance and Internal Audit. Responsibilities include representing management in demonstrating adherence to internal policies and procedures, as well as providing all necessary documentation in accordance with internal examiners' requests.
S7, S9/10(orS8), S24, S4 required. S24 & S4 will need to be completed with in 120 days of start date
Strong understanding of the regulatory requirements and best practices for Private Bank brokerage and banking
Strong organization and follow up skills. Ability to work well on an integrated team
Comfortable making decisions independently and dealing with conflict
Strong communication skills
Ability to interact with all levels of the Private Bank
Comfortable working with a team of Supervisory Managers and providing back up coverage as needed
General KYC knowledge and understanding of anti-money laundering acts as well as cross border laws and regulations.
US-NY-New York-270 Park Avenue / 02317
Asset & Wealth Management
JPMorgan Chase - 4 months ago
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