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Legal – Counsel – Office of Legal Obligations – Associate

JPMorgan Chase & Co. (“JPMC”) is a leading global financial services firm with assets of $2 trillion and operations in more than 60 countries.  JPMC is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. Information about JPMC is available at www.jpmorganchase.com.

The JPMC Legal Department is responsible for the provision of legal services to JPMC and is organized by practice groups that generally align with JPMC’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 (“OLO”) is a firmwide, global initiative to identify and document JPMC’s legal obligations arising from material laws, rules, and regulations, and connect those obligations to policies, procedures, and/or other documentation that supports compliance with the obligations. The OLO Legal team supports this initiative by overseeing Legal’s effort to build the inventory of material laws, rules, and regulations that impact JPMC; drafting business friendly descriptions of the legal obligations that arise from those laws, rules, and regulations; and supporting the ongoing efforts of the business and our functional partners as they link the legal obligations to the control documentation that helps JPMC ensure compliance.  

The ideal candidate will join a quality assurance team of lawyers and other professionals, known as the OLO Legal “Red Team,” that is responsible for evaluating the completeness, accuracy, and consistency of the OLO’s inventory of legal obligations, as well as JPMC’s efforts to monitor for legal and regulatory developments that affect those obligations. 

For the OLO, JPMC requires experienced individuals with strong legal and regulatory awareness and background, able to understand the risks to JPMC of non-compliance with its legal obligations.  This role will require significant cross-functional collaboration, including with line of business lawyers and their counterparts in JPMC’s corporate functions.  It also will require engagement with external counsel.  The environment is fast-paced, often requiring that issues be addressed quickly to ensure that JPMC stays in compliance with the rapidly-evolving rules that 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:

• Partner with other members of the Red Team to conduct quality assurance reviews that assess the completeness and substantive accuracy of the OLO’s inventory of legal obligations and the OLO’s efforts to monitor for legal and regulatory developments affecting those obligations.
• Perform legal research and analysis of laws, rules, and regulations to determine applicability to JPMC and relevance for OLO.
• Assist with the development of processes and procedures for quality assurance reviews.
• With support from business analysts on the broader OLO Legal team, creating/enhancing SharePoint tools to track and manage quality assurance recommendations and other Red Team projects.
• Attendance and participation at internal meetings related to the OLO.
• Occasional research to support special projects as needed.

Qualifications:

• Licensed attorney with at least two years of experience practicing law. 
• Attorney candidates must be in compliance with all relevant licensing requirements including the requirements of the jurisdiction where the role will be located prior to commencement of employment.
• Ability to comprehensively and concisely summarize legal obligations in a plain and simple manner.
• Strong interpersonal, advocacy, and communication skills and a good team player. 
• Analytical, flexible, and practical.
• All candidates for roles in the Legal Department must successfully complete a conflicts of interest clearance review prior to commencement of employment.

Preferred Skills:

• Prior legal experience supporting financial services institutions or another highly regulated entity.
• Familiarity with the regulation of financial products.

All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment.