Libertatem Magazine

Job Opening: Associate – Legal Counsel at J.P. Morgan Asset and Wealth Management, Mumbai

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Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, and asset management.

The Legal Department of JPMorgan Chase & Co (“JPMC”) is responsible for providing legal services to the Corporation and is organized by practise groups that generally conform to the Corporation’s lines of business (“LOBs”) and corporate staff areas, allowing the legal staff to work closely with specific groups on a daily basis.

J.P. Morgan Asset and Wealth Management (AWM) is one of the largest asset and wealth managers in the world.  AWM serves distinct client groups globally through multiple businesses:  institutional and retail clients through Asset Management (AM), and high-net-worth and ultra-high-net-worth clients through Wealth Management (WM), which includes the Private Bank.  AWM offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.  AWM also provides trust and estate, banking, and brokerage services to high net worth clients, and retirement services for corporations and individuals.

JPMorgan’s Legal Department seeks an experienced lawyer to support its Legal & Regulatory Change Management (LRCM) efforts, focusing primarily on U.S. state law.  This lawyer will be charged with reviewing and synthesizing legal and regulatory developments at a high level, assessing whether laws or regulations impact products and services provided by AWM and using his or her judgment to engage legal subject matter experts across the firm, as needed.  The selected candidate will support efforts to identify, communicate and drive documentation of legal changes in the firm’s system of record for applicable laws and regulations. 

Location and Reporting Lines

The location of this position is Mumbai, India, at the J.P. Morgan Mumbai Corporate Centre (“MCC”) functionally reporting to the Legal Lead for AWM Office of the Legal Obligations in the United States, and to a local supervisor at the MCC.

Job Responsibilities

  • Monitor and research U.S. state laws and regulations impacting AWM.  The initial focus will be on Wealth Management’s Trusts & Estates and Insurance & Annuities businesses, with anticipated expansion into other areas of law.
  • Prepare concise summaries of developments; make recommendations to attorneys on the relevance of the development and its potential impact to AWM. 
  • Prepare/maintain U.S. state law matrices used by legal and the business, with oversight from legal subject matter experts.
  • Maintain relevant legal obligations in the firm’s Enterprise Library Application (ELA), and provide appropriate notifications to AWM’s legal and regulatory change management team.
  • Participate in meetings to discuss these developments with stakeholders.
  • Correspond and collaborate with paralegals, attorneys, and other professionals on legal and regulatory issues impacting multiple LOBs.
  • Conduct additional U.S. state law research on special projects as needed.

Required Skills

  • Fluent in written and spoken English, with excellent English writing and communication skills.
  • Law degree and membership in the jurisdictional organization. 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.
  • 3-5 years of experience in financial services law.
  • Excellent legal research skills, including experience with Westlaw or similar services.
  • Strong analytical thinker who is detail-oriented, practical and skilled at issue spotting and problem-solving.
  • Self-starter who is able to work collaboratively in a high performing team, takes ownership of responsibilities and projects, is results-oriented and flexible.
  • Ability to multitask and prioritize work in a fast-paced, complex business environment and maintain communication with attorneys regarding project status and estimated completion timelines.
  • Competence with the suite of Microsoft Office products, including Microsoft Excel
  • All candidates for roles in the Legal Department must successfully complete conflicts of interest clearance review prior to commencement of employment. 

Preferred Skills

  • LLM preferred.
  • Experience or interest in financial services regulation.
  • Knowledge of the U.S. legislative and regulatory process.
  • Experience studying or working in a common-law jurisdiction (e.g., UK, US, Australia).
  • Technological mindset and/or background is a plus.

How to Apply?

Apply on J.P Morgan’s Website is now on Telegram. Follow us for regular legal updates and judgements from the court. Follow us on Google News, InstagramLinkedInFacebook & Twitter. You can also subscribe for our Weekly Email Updates

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