Private Banking Regulatory Compliance Vice President

Location: Luxembourg

Job Family: CCOR LOB/CF/Country Coverage

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong presence in private banking, offering tailored wealth management solutions to high-net-worth clients. The Private Banking Regulatory Compliance Vice President role in our Luxembourg office is pivotal in safeguarding the integrity of our operations within the European market. Reporting to the Head of Compliance for the region, you will be at the forefront of shaping and executing a robust compliance program that aligns with JP Morgan's global standards while navigating the unique regulatory environment of Luxembourg. This position within the CCOR LOB/CF/Country Coverage category demands a strategic leader who can proactively address compliance challenges in private banking, ensuring our clients receive exceptional service without compromising on regulatory adherence. Key to this role is your ability to oversee the full spectrum of compliance activities, from policy development and risk monitoring to regulatory reporting and training. You will collaborate closely with cross-functional teams, including legal, risk management, and front-office private bankers, to embed compliance into every aspect of our Luxembourg operations. With Luxembourg's status as a premier hub for private banking in Europe, you will manage compliance for a diverse portfolio of investment advisory, asset management, and lending services, all while staying abreast of evolving regulations from bodies like the CSSF and the European Central Bank. Your expertise will directly contribute to JP Morgan's commitment to ethical practices and client trust in a highly scrutinized industry. This is an opportunity to join a dynamic team at JP Morgan Chase, where innovation meets tradition in financial services. In Luxembourg, you will benefit from a supportive environment that values professional growth, with access to global resources and mentorship from industry leaders. If you are passionate about regulatory compliance and excited to drive JP Morgan's private banking success in Europe, this role offers a platform to make a lasting impact.

Key Responsibilities

• Lead the design, implementation, and ongoing management of the compliance program for JP Morgan's Luxembourg Private Bank
• Ensure adherence to local Luxembourg regulations (CSSF) and EU-wide standards, including AML, KYC, and data protection (GDPR)
• Conduct regular risk assessments and compliance monitoring to identify and mitigate potential regulatory risks
• Collaborate with senior management, legal teams, and global compliance functions at JP Morgan Chase to align strategies
• Develop and deliver training programs on compliance matters for private banking staff
• Oversee the reporting of compliance issues, incidents, and metrics to regulatory authorities and internal stakeholders
• Advise on new product launches and business initiatives to ensure regulatory compliance
• Monitor regulatory changes and updates, integrating them into the bank's operational framework
• Foster a culture of compliance awareness and ethical conduct within the Luxembourg team

Required Qualifications

• Bachelor's degree in Finance, Law, Business Administration, or a related field
• Minimum of 7-10 years of experience in regulatory compliance within private banking or financial services
• Deep knowledge of Luxembourg financial regulations, including CSSF requirements and EU directives such as MiFID II and AMLD
• Proven track record in developing and implementing compliance programs in a banking environment
• Professional certification such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent
• Strong understanding of private banking products, including wealth management and investment advisory services
• Fluency in English; proficiency in French or German is highly advantageous

Preferred Qualifications

• Advanced degree (Master's or JD) in Law, Finance, or Regulatory Compliance
• Experience working in a multinational bank like JP Morgan Chase, with exposure to cross-border compliance issues
• Prior leadership role in compliance teams within the European private banking sector
• Familiarity with JP Morgan's internal compliance frameworks and risk management systems
• Knowledge of sustainable finance regulations and ESG compliance in private banking

Required Skills

• Expertise in regulatory compliance frameworks for private banking
• Strong analytical skills for risk assessment and reporting
• Excellent communication and stakeholder management abilities
• Proficiency in compliance software and tools like Actimize or similar
• In-depth knowledge of AML/KYC procedures
• Leadership and team management skills
• Attention to detail and problem-solving capabilities
• Adaptability to evolving regulatory landscapes
• Project management experience in compliance initiatives
• Interpersonal skills for cross-functional collaboration
• Technical proficiency in Microsoft Office Suite and data analysis tools
• Understanding of financial products and wealth management
• Ethical judgment and integrity in high-stakes environments
• Multilingual communication skills (English primary)
• Strategic thinking for program development

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• Retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick leave, and parental leave
• Professional development opportunities through JP Morgan's internal training programs
• Employee assistance programs for wellness and financial counseling
• Global mobility support for career advancement within JP Morgan Chase
• On-site fitness facilities and wellness initiatives in Luxembourg office

JP Morgan Chase is an equal opportunity employer.