JPMorgan Chase Corporate - CTC Risk- Liquidity Risk Oversight - VP in New York, New York
CTC Risk manages the risk of the retained portfolio generated from the Chief Investment Officer, Global Treasury, and “other” Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights). The CTC Chief Risk Officer (CRO) reports to the Firm-wide CRO and is responsible for the firmwide Liquidity Risk framework as well as the end to end risk framework within the CTC LOBs; including, but not limited to, Market Risk, Credit Risk, Liquidity Risk, Structural Interest Rate Risk, Reputation Risk, Country Risk, Principal Risk, and Model Risk.
CTC seeks to hire a risk professional to join its independent Liquidity Risk Oversight (LRO) function focusing on the CIO and Treasury line of business and Intraday liquidity Risk. The LRO group partners with other internal risk groups, Corporate Treasury, LOB Treasury, Payments Operations and senior management to inform funding strategies and liquidity management through normal and stress market environments. LRO is also a primary resource for external regulators for discussions and analysis of liquidity risk.
The role provides a unique opportunity to understand and work with firmwide risk measures and processes and as well as in-depth product analysis across the Treasury and CIO function encompassing report and metric development to capture line of business risks, product level stress assumption analysis and design, intraday stress by currency and payment type, policy and framework design, scenario analysis and regulatory liquidity risk measure (e.g., LCR) analysis.
The nature of the position also offers significant opportunities to create a broad personal network across J.P. Morgan and visibility to senior management.
Provide independent review and detailed analysis of regulatory and internal stress scenarios and ad hoc requests, including analytical review of key market and behavioral assumptions
Provide an independent oversight to CIO and Treasury’s adherence to the liquidity risk framework, including responsibility for establishing, implementing, and refreshing liquidity controls for CIO and Treasury and select Legal Entities (e.g., Unconsolidated HoldCo, Intermediate Holding Company)
Coverage on funding market and activity (repo spreads, xccy basis, short/long term issuance, changes in funding strategy)
Global lead on Volcker coverage for Liquidity Risk Oversight
Work with treasury and risk groups to establish risk governance framework including policy review, limit monitoring, standards, and best practices regarding internal stress testing framework
Support efforts around development and execution of liquidity stress analysis and reporting, including evaluating proposals for new liquidity risk monitoring, metrics and stress tests
Interact and partner with Treasury and corporate functions to understand, analyze and develop proposals regarding potential liquidity risk implications at a granular and holistic level
Present and justify assumptions and findings to senior management governance forums
Address regulatory requests regarding liquidity risk
5+ years’ experience in liquidity risk / treasury functions; and/or market risk or front office experience in investment banking products
Knowledge / experience in wholesale banking products (deposits, commitments), secured funding, derivatives, knowledge of issuance products (commercial paper, long-term debt)
Strong understanding of basic finance and accounting principles, experience with balance sheet analysis
Experienced with leveraging information and technology to improve business operations and processes
Strong analytical and critical thinking skills, as well as a high level of self-initiative required, including an ability to balance and execute multiple projects at once and deliver results under tight time constraints
Demonstrated effectiveness working independently and in multi-disciplinary teams
Excellent oral and written communication skills
Demonstrated ability to work effectively across different businesses and functional areas Education: An undergraduate degree is required, science / mathematics / finance majors preferred.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.