JPMorgan Chase Corporate - RCMO - BM&A - Retail Credit RWA - Associate in Newark, Delaware
Regulatory Capital Management Office (RCMO) oversees the end-to-end capital measurement, implementation, calculation and attribution process across the Firm. RCMO is an arm of the Corporate Finance function and partners with functional groups across the Firm including Market Risk, Model Risk & Review, and line-of-business finance to establish control and governance around best practices and accountability for the Regulatory Capital process. RCMO is also responsible for interfacing directly with the regulators on capital-related issues and guiding the business on decisions related to capital efficiency.
The Basel Measurement& Analytics (BM&A) group within RCMO is responsible for calculating, analyzing and reporting firm wide risk-weighted assets (RWA). RWA measures feed into corporate functions to quantify and determine regulatory capital requirements and support external regulatory filings and disclosures. The team oversees the implementation of Basel 3 requirements and enhancements to the Basel reporting infrastructure in compliance with internal capital policy and guidance. In addition, RCMO BM&A supports impact analysis on methodology changes driven by new rule proposals, the RWA component of CCAR, resolution & recovery, Pillar 2 ICAAP and Pillar 3 disclosures and quantitative impact studies (QIS) for regulatory agencies.
The Retail Credit RWA member is responsible for production and analysis of risk weighted assets for traditional credit products. The candidate will work closely with Lines of Business, Regulatory Reporting & Analysis, Technology, Regulatory Policy and Capital Middle Office to advance the Firm’s capital agenda.
Specific responsibilities include:
Performdeliverables related to the monthly production cycle for RWA calculation andreporting
AnalyseRWA trends and forecast-to-actual variances
Preparesubmissions to external regulatory filing deliverables including the FR Y-9C,FFIEC 101 and Pillar 3.
Performimpact analysis for methodology, rule and other production changes.
Workon technology release testing to onboard production to target state platform.
Partnerwith risk management, lines of business and technology teams to identify andremediate data quality issues.
Performquarterly stress testing to support CCAR, ICAAP and Risk Appetite deliverables.
Performquantitative impact studies (QIS) for regulatory agencies.
MeetSarbanes-Oxley (SOX) compliance and audit requirements.
4-6years of relevant experience, background in financial institution or accountingfirm preferred.
Qualifiedaccountant or student preferred (CPA/CFA/FRM/ACA)
Workingknowledge of banking products and/or Basel rules would be a bonus
Priorexperience of SAS or SQL for modelling would be a bonus though not necessary
Stronganalytical and problem solving skills, with focus on controls
Ability to multi-task and work under pressure, bothindependently and as a team player
Good interpersonal skills to collaborate effectivelywith cross-functional groups
Goodoral and written communication skills
Proficiencyin MS Office product suite (Excel, Word, Access, and PowerPoint) required.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.