JPMorgan Chase Corporate - CTC Risk- Liquidity Risk Oversight - VP in New York, New York
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
J.P. Morgan is a leader in financial services, offering innovative and intelligent solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years and we keep their interests foremost in our minds at all times. This combination of product strength, intellectual capital and character sets us apart as an industry leader. J.P. Morgan is part of J.P. Morgan Chase & Co. (NYSE: JPM), a global financial services firm with assets of $2.0 trillion.
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.
Lead the assessment and control of liquidity risk for CTC, unconsolidated Holdco and firmwide intraday liquidity risk
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, Treasury, and Intraday cash balances
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
Provide independent review of regulatory and internal stress scenarios, including analytical review of key market and behavioral assumptions and management of ad hoc analysis
Support efforts around development and execution of liquidity stress analysis and reporting, including evaluating proposals for new liquidity risk monitoring, metrics and stress tests.
Develop and present key risk analytic reports for senior CTC management, business partners, various risk committees and regulators.
Partner with Firmwide business lines, including CTC and the Investment Bank, to review new regulation and potential business impacts and solutions
Interact and partner with Business Units and other corporate functions in order to obtain, understand, analyze and draw conclusions with respect to potential liquidity risks implications.
Play a leading role in the development and build-out of the liquidity risk management process and infrastructure
Lead in building new risk framework, controls, and stress testing regarding intraday liquidity stress
Deal with regulatory requests regarding liquidity risk.
5+ years’ experience in:
Liquidity risk / treasury functions; and/or market risk or front office experience in investment banking product
Knowledge / experience in wholesale banking products (deposits, commitments), secured funding, derivatives
Strong understanding of basic finance and accounting principles, experience with balance sheet analysis
Experience with operational process flows and operational controls, experience in cash management, payments, banking technology a plus
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.