Corporate - Capital & Liquidity Policy - Liquidity, GSIB, and Market Risk Policy - VP

Employer
JPMorgan Chase Bank, N.A.
Location
Brooklyn, New York, us
Salary
Competitive
Posted
May 03, 2021
Closes
May 05, 2021
Ref
3518eb90e62b
Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Capital & Liquidity Management Organization:

The Capital & Liquidity Management Organization (C&LM) is responsible for the management of capital and liquidity across the firm. C&LM oversees the end-to-end risk-weighted asset (RWA) and capital measurement processes across the Firm, ensures efficient and appropriate management of our capital, and manages the Firm-wide Capital Stress Testing process. C&LM partners with other JPMC functions, including Risk Management, Firm-wide Regulatory Reporting & Analysis (FRRA) and the Lines of Business (LoBs) to establish control and governance best practices and accountability for the Regulatory Capital & Liquidity process. C&LM is also responsible for interfacing with Regulators on risk-based capital & liquidity-related issues and guiding LoBs on decisions that affect the capital and liquidity position of the firm.

Capital & Liquidity Policy:

Within C&LM, the Capital & Liquidity Policy (C&LP) team provides guidance on, and interpretations of, the U.S. regulatory capital & liquidity rules for current, pending and proposed transactions in support of the Front Office, Risk and Finance and Technology organizations across LoBs, as well as liaising with the regulatory agencies regarding examinations and ad-hoc regulatory inquiries. C&LP is also responsible for various aspects of the Firm's capital governance framework, including controls over regulatory capital models and governance over the Securitization and Banking Book Equity risk stripes.

Position Summary:

The Capital Management Organization is seeking a Vice President to join the Capital & Liquidity Policy team to support regulatory capital model governance and provide advisory support in relation to the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) and ultimately the Global Systemically Important Bank (GSIB) surcharge, and Market Risk policy areas.

Responsibilities

The candidate will be responsible for the interpretation regulatory rules, the development and documentation of internal guidance, and analyzing capital and liquidity implications of proposed transactions. As a subject matter expert (SME), the candidate will act as a trusted advisor to various lines of business and risk partners across the Firm.

Specifically, the candidate will have the following responsibilities:
  • Develop, document, and maintain key rule interpretations and guidance for US regulatory rules related to liquidity (LCR, NSFR) and associated regulatory reporting requirements (e.g., FR 2052a).
  • Support model governance and control requirements related to regulatory capital models
  • Over time, expand responsibilities and exposure to support Market Risk and GSIB policy areas.
  • Manage C&LP point of contact responsibilities for certain key lines of businesses within the firm - proactively gaining an understanding of LoB activities and working closely with business partners and finance to resolve emerging issues or questions related to the policy coverage area
  • Support relevant advocacy efforts and the internal implementation projects.
  • Participate and represent the firm in industry forums related to regulatory capital and liquidity.
  • Prepare materials for, and participate in, meetings with supervisors.


The position offers broad insight into a diverse set of businesses and products across JPMorgan, as well as the unique opportunity to develop deep subject matter expertise in the US regulatory capital and liquidity rules. There is extensive partnership with colleagues across C&LM as well as within the various lines of business, Risk and other Corporate functions.

Qualifications

Essential Skills:
  • 5+ years of relevant work experience. Banking and finance experience with leading bank or a Big Four accounting firm strongly preferred.
  • Knowledge of US liquidity rules and associated reporting requirements (e.g., FR 2052a).
  • Knowledge of balance sheet, income statement and accounting fundamentals.
  • Strong organizational, multitasking and prioritization skills.
  • Strong analytical and problem-solving skills.
  • Strong verbal and written communication skills.
  • Demonstrated ability to translate strategic plans into actionable steps.
  • Bachelor's degree required.

Desirable Skills:
  • An understanding of capital requirements under the US Basel Capital Rules (Basel III).
  • An appreciation of the market risk concepts and associated modeling methodologies.
  • An understanding of the capital related reporting (e.g., FR Y15) requirements and practices.
  • Experience in regulatory capital calculation and reporting infrastructures.
  • Experience in supporting large scale projects involving multiple key stakeholders.
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans