Assistant General Counsel - Office of Legal Obligations - VP
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 investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity.
The JPMorgan Chase Legal Department is responsible for providing legal services to the Corporation and is organized by practice groups that generally align with the Corporation’s lines of business and corporate staff areas. This structure encourages legal teams and businesses and staff areas to discuss legal, regulatory and business developments effectively and in a timely manner.
About the Office of Legal Obligations. The Office of Legal Obligations is responsible for oversight and management of the End-to-End Legal and Regulatory Process Program (“Program”). This Program is one of approximately 25 initiatives that are sponsored at the operating committee level of JPMorgan Chase (“JPMC”). The objective of the Legal and Regulatory Process Program is to design and develop a global, firm-wide, risk-based process to evidence compliance with applicable laws, rules and regulations (“Legal Obligations”). Reporting will be made possible by linking an enterprise-wide taxonomy of Legal Obligations to controls that evidence compliance, including policies, self-assessments, training, monitoring and others from each Line of Business. Sustainability will depend on a “lifecycle” based on enterprise-wide standards and governance to monitor compliance with current Legal Obligations and to oversee consistent, Firm-wide changes in businesses and products as Legal Obligations develop.
For the program, JPMC requires experienced attorneys with regulatory awareness and background, able to understand the risks to the Lines of Business and the Firm of non-compliance with laws and regulations. The ideal candidate will lead efforts to help all JPMC businesses in all geographies enter and maintain Legal Obligations that apply to JPMC across the various businesses in the Firmwide Legal Obligation Library. The individual will be responsible for leading cross-enterprise efforts of lawyers to monitor, identify and document all federal, state and local laws affecting the Firm’s products. The role requires significant cross-functional collaboration, including with line of business lawyers, their Compliance counterparts, as well as counterparts in Risk and Oversight and Controls, senior business leaders and with regulators. The environment is fast-paced, often requiring that issues be addressed rapidly - to ensure the firm stays in compliance with the rapidly-evolving federal, state, and other rules that may apply to our highly regulated industry. The successful candidate must have strong analytical and collaborative skills, be able to work independently and be a true "self starter."
Primary Responsibilities will include:
Lead and participate on cross-functional teams to develop and maintain Legal Latam and Global Tax Obligations.
Collaborate with others on initiatives to monitor changes in law that may affect an Obligation.
Deliver expertise around preemption matters.
Develop and implement validation methodologies and other quality assurance tools.
Build and manage other cross-enterprise product subject matter expertise as required, specifically those relating to the drafting publication and up date of Global Tax Obligations and Latam Obligations.
Collaborate with appropriate product areas lawyers and tax officers to enhance consistency of legal positions globally.
Routinely research and analyze the laws in scope for Global Tax and Latam to quickly assess impacts on the firm’s products, services and businesses.
Summarize and report on Global Tax and Latam Legal Obligations and changes to existing law.
Work with control functions counterparts to identify and implement process changes to ensure compliance with tax laws globally.
Prepare, and maintain on an ongoing basis, matrices and other job aids to allow for on-going reporting.
Occasional research to support special projects as needed.
Juris Doctor (or equivalent) degree.
Minimum of 5+ years’ experience working with legislation or regulation of financial services or other highly regulated industries.
Strong leadership skills and experience working in matrix-reporting work environments.
Strong research and writing skills.
Strong interpersonal, management and advocacy skills.
Proficient in Spanish required.
Attorney must be licensed to practice law and a member in good standing in in the state/jurisdiction in which the position is based or otherwise in compliance with the in-house counsel registration rules of that state/jurisdiction.
Prior experience in financial services regulation, particularly with regard to federal and state regulation of financial products.
Strong communication skills.
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