JPMorgan Chase & Co Hiring for Mortgage Operations Governance & Control – Associate at Mumbai, Maharashtra Full Time

You will be responsible for ensuring the line of business has a sustainable and disciplined end-to-end control environment, identifying and escalating issues with a sense of urgency, and partnering with the Business to ensure issues are remediated in a timely manner. The team assists in top-down risk analysis, real-time control issue detection, escalation, root cause analysis, and remediation. You will effectively partner with the mortgage operations organization and regional Compliance teams, including Internal Audit, Operational Risk and other Control functions.

Job responsibilities

Actively partner with Business Management, Legal, Risk, Controls Management, second line of defense (LOD) Compliance, and other functional partners on all complex strategic initiatives to provide constructive compliance advice, influence the process and development of the project, and find creative ways for the business to meet its goals and objectives without compromising compliance controls

In partnership with stakeholders, evaluate and perform an end-to-end analysis of the business’ risk and control environment to identify significant gaps and weaknesses and determine root cause of control breaks.

Conduct ongoing analysis of the line of business’ compliance with mortgage consumer protection-based regulations and implement Compliance Risk Management framework

Proactively evaluate processes, controls, and risks, identify concerns and control issues, advise on implementing improvements, ensure stakeholders develop and implement appropriate corrective action and escalate unresolved issues

Ensure that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols

Assess and functionally plan oversight for large scale regulatory implementations, such as RESPA, TILA, and HMDA. Responsible for managing regulatory business performance and process improvements within the Mortgage operations organization

Provide oversight for regulatory projects for the implementation of new regulations so that all regulatory risk associated with projects are identified and appropriate controls are designed in partnership with first LOD Control teams

Manage the resolution of issues arising from regulatory changes and/or deficiencies noted because of internal or external reviews. This includes analysis of root cause, providing guidance for system or process changes and providing guidance on curing known defects

Manage operations risk projects within aligned functions; assess business risks and work with the Operations teams to ensure adequate detective and preventative controls are in place to mitigate risk.

Required qualifications, capabilities, and skills

Federal Compliance Knowledge: Requires extensive working knowledge of federal and state compliance law and regulations governing residential mortgage lending, including proven ability to apply these requirements to business practices and systems to identify and assess compliance risk

Consumer Credit Knowledge: Thorough knowledge of home mortgage products, policies, and systems

Project Management: Ability to manage numerous high risk/high profile projects, good analytical skills, self-motivated with the ability to work independently. Must possess the ability to comprehend and apply regulations to a wide variety of situations

Communication: Excellent oral and written communication, as well as client management, negotiation, and interpersonal skills. Must be able to lead and influence people

Decision Making: Ability to analyze complex problems and make prompt, independent and accurate decisions.

Bachelor’s degree and Certified Regulatory Compliance Manager preferred but will consider equivalent experience in federal consumer compliance. 5+ years of experience at a major institution

Strong PC skills include all Microsoft Office applications (Word, Excel, PowerPoint, Outlook)

ABOUT US

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

ABOUT THE TEAM

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.