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JP Morgan Chase

Runs a consumer bank and an investment bank

Commodities Control Manager

Internal Audit & ControlsConfirmed live in the last 24 hours
Full-timeHouston, TX, USANo salary listedIn-person

About the Job

Requirements

  • Deep understanding of operational risks and controls, including the ability to design, implement, and monitor effective control frameworks.
  • Ability to conduct risk assessments and root cause analysis and develop mitigation strategies.
  • Ability to view issues at both a high level and in detail.
  • Strong verbal and written communication skills to convey complex information simply to diverse stakeholders.
  • Ability to challenge and build consensus across the organization.
  • Ability to work independently and proactively find answers.
  • Ability to manage multiple projects simultaneously, prioritize tasks, and deliver timely results.
  • Ability to address conflicts and escalate issues as appropriate.
  • Proficiency in Microsoft Office Suite, including Word, Excel, and PowerPoint.
  • Must be authorized to work in the United States.

Responsibilities

  • Identify and manage operational and conduct risk related to trading financial over-the-counter derivatives, listed futures, and physical commodities.
  • Review new and amended business initiatives to ensure appropriate controls are implemented.
  • Coordinate trader setup on trading venues and energy platforms and implement requirements defined by those platforms.
  • Assess the end-to-end control environment, resolve control issues, and develop best-practice standards.
  • Facilitate execution of Front Office supervisory controls, attestations, and exception management.
  • Execute control programs including Risk & Control Self Assessments, Risk Event Reporting, Executive Governance meetings, and Control Forums.
  • Participate in projects sponsored by Business Control Managers, serving as project manager or consultant on key control initiatives.
  • Prepare and present the monthly Control Dashboard and Business Control Committee updates for senior management.
  • Lead and coordinate audits, control testing, and regulatory examinations or inquiries in partnership with the business.
  • Build and maintain relationships with front-office personnel, business managers, control managers, and other business-aligned functions.
  • Foster dialogue and effective implementation of solutions across teams.

Desired Qualifications

  • Knowledge of commodities, particularly physical energy.
  • Relevant financial services experience in controls, audit, quality assurance, risk management, compliance, or governance.
  • Knowledge of control and risk management concepts and ability to design, create, and evaluate a Risk & Control Self-Assessment.
  • Prior exposure to Front Office Trading.
  • Broad knowledge of Federal Energy Regulatory Commission and Independent System Operator rules.

About the Company

JP Morgan Chase

Runs a consumer bank and an investment bank

JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1799

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