Asset Wealth Management - Insurance Risk Vice President
About The Position
JPMorgan Chase’s Investment Risk & Analytics (IR&A) provides independent risk oversight of wealth management businesses across the Private Bank and Wealth Management. The Vice President focused on Insurance Risk partners with senior business leaders and control functions to assess risks associated with insurance carriers, life insurance and annuity product offerings, sales practices, distribution activities, and related client outcomes. The role identifies emerging risks, evaluates controls, and provides credible challenge and guidance to support a robust risk and control environment. The position works with business and control stakeholders to assess product and carrier risks, conduct targeted reviews, strengthen oversight, and communicate assessments and recommendations to senior management and governance forums. It also designs innovative solutions for enhanced risk oversight using AI tools.
Requirements
- Bachelor's degree in Finance, Risk Management, Insurance, Business, or a related field.
- Experience in insurance risk management, insurance products, carrier oversight, compliance, audit, or a related financial services discipline.
- Strong knowledge of life insurance, annuities, long-term care, and related insurance solutions.
- Understanding of insurance product governance, sales practices, suitability requirements, and distribution risk frameworks.
- Experience evaluating insurance carriers, product risks, and emerging industry trends.
- Strong analytical, communication, and stakeholder management skills, with the ability to provide independent challenge and influence senior leaders.
- Ability to work across business and control functions and manage multiple priorities in a dynamic environment.
Responsibilities
- Provide independent risk oversight of insurance carrier relationships, insurance and annuity products, and related business activities.
- Lead risk assessments of new product launches, product enhancements, and business initiatives, providing effective challenge through governance and approval processes.
- Evaluate fiduciary and suitability risks related to product design, sales practices, client outcomes, and insurance carrier exposures, including financial strength and concentration risks.
- Conduct targeted reviews and thematic assessments to identify emerging risks, control gaps, and opportunities to strengthen the risk and control environment.
- Develop and present risk assessments, reporting, and recommendations to senior management and governance forums.
- Design innovative solutions for enhanced risk oversight leveraging AI toolkit.
- Partner with Insurance Solutions, Compliance, Legal, Audit, and Control Management to promote a strong risk and control environment and support strategic risk initiatives.
Benefits
- Comprehensive health care coverage
- On-site health and wellness centers
- Retirement savings plan
- Backup childcare
- Tuition reimbursement
- Mental health support
- Financial coaching
- Eligible roles may receive commission-based pay and/or discretionary incentive compensation in cash and/or forfeitable equity.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
