JPMC’s Internal Audit Department (Audit), which is comprised of over 1,000 auditors globally, reports to the Audit Committee of the Board of Directors and is further accountable to the Chairman and CEO, senior management, and the regulators.
Audit is an independent risk assessment function established within the organization to evaluate, test and report on the adequacy and effectiveness of management’s system of internal control.
Audit has implemented a Horizontal AuditRisk & Topic (HART) Program to identify and mitigate significant risks to the Firm through risk assessment and proactive audit coverage and issue analysis. The HART framework is comprised of two fundamental areas: Risk Categories (which include Subject Matter Experts) and Top Down Topics..
The Program objectives are to drive a consistent approach towards risk assessment and planning as well as execution of audit work and coverage of certain topics; facilitate discussion of issues and themes for escalation; facilitate changes in risk assessment and/or audit coverage as appropriate; and, provide an enterprise-wide view of risks related to the control environment.
The Fiduciary SME Team, reporting to the Fiduciary Risk Category Owner/ Lead Fiduciary SME, serves as the principal repository and source of expertise for all aspects of fiduciary risk and oversees the execution of fiduciary related audit activities, monitors coverage and represents Audit in firm wide forums related to the identification and management of fiduciary risk.
Additionally, the Team provides updates to stakeholders, including the Audit Management Team (AMT), line of business (LOB) management and HART teams, on audit plan status, issues and emerging trends or concerns.
In partnership with LOB auditors, the Team represents Audit in interactions with regulators in fiduciary matters, including coordination of Audit-related requests/responses to regulatory inspections.
To further strengthen the Fiduciary SME Team, Audit is looking to source auditors at the Vice President level with proven experienceauditing investment management services, supporting functions and related regulatory requirements, specifically 12 CFR 9 (including 12 CFR 9.18) and/ or ERISA.
The SME will assist in the scoping, execution and reporting of fiduciary audit activities to ensure fiduciary riskassociated with the investment management of client assets are appropriately considered and related the design and effectiveness of controls are consistently tested.
The candidate should possess strong project management, analytical and communication skills and have an ability to work with limited supervision.
Req #: 170118396_1