• Aggregating and managing the interest rate risk of the firm's four main lines of business (LOBs), primarily through a ~$300 bn global investment securities portfolio
• Managing the firm's funding and liabilities through ~$250 bn in long-term debt and other funding sources, and managing nearly $400 bn of short term cash deployment activities
• Aggregating and managing the firm's liquidity risk, including deploying the firm's excess liquidity. Also responsible for compliance with both internal and regulatory liquidity requirements
• Aggregating and managing the firm's structural foreign exchange risk
• Risk managing Mortgage Servicing Rights (MSR) on behalf of the Mortgage Bank
• Managing the ~$14 bn company-sponsored retirement plan
• Managing the end to end risk-weighted asset (RWA) and capital measurement processes across the firm, ensuring efficient and appropriate management of our capital, and managing the Firmwide Capital Stress Testing process
Because it sits at the very center of the firm, T/CIO directly influences the composition of the firm's balance sheet as well the activities of its four main LOBs: Asset Management (AM), Commercial Banking (CB), Corporate & Investment Bank (CIB) and Consumer & Community Banking (CCB) The CIO Treasury and Corporate (CTC) Oversight & Control group is responsible for several control initiatives and works closely with many areas (i.e. Finance, Risk, Operations, Technology and Business Managers) across CTC.
The CIO Treasury & Corporate (CTC) Control Management group is responsible for working with the business executive in Finance, Risk, Operations, Technology and Business Managers to promotes early operational risk identification and assessment, effective design and evaluation of controls and sustainable solutions to mitigate operational risk across CTC. The group is involved with control initiatives that include, but are not limited to the following:
Control and Operational Risk Evaluation (CORE) Program
Sarbanes-Oxley (SOX) Control Program
Quality Assurance Program
As a Control Management Associate, you'll be responsible for ensuring the line of business has a sustainable and disciplined end-to-end control environment, identifying and escalating issues with a sense of urgency, and partnering with the business to ensure issues are remediated in a timely manner. The team assists in top-down risk analysis, real-time control issue detection, escalation, root cause analysis, and remediation.
Specific Roles & Responsibilities
The candidates must be experienced professionals who possess strong auditing and accounting skills, good knowledge of the banking business, financial instruments and products, and a strong understanding of internal control systems within a financial institution.
The candidate will be responsible for the following:
Collaborating with the business to perform detailed risk and control assessments across CTC functions and processes with focus on end to end review of the Front and Middle Office and Operations process for CIO to support CORE, identify significant gaps and weaknesses and determine root cause of control breaks, identify and review KPI and KRI as appropriate
Support of the SOX/CCAP program including scoping, training, review, QA, and attending regular meetings with the Central SOX/CCAP and QA team and providing updates to the team as appropriate
Metrics reporting, oversight and review of transactional testing of business controls
Effectively project manage deliverables, ability to think strategically
Performing QA testing and evaluation of reported balances and other information (based on transaction nature and underlying client/contractual information)
Concluding and reporting on noted errors, and recommendations developed, with appropriate action plans and owners
Performing audit-type testing across CTC functions and processes (to be determined & defined)
Ensure that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols
Ensuring appropriate closure of action plans developed in response to previous reported findings
Establishing and maintaining strong working relationships across CTC businesses and other control groups (i.e., finance, risk management, operations, technology, compliance, legal, etc.)
Working closely with regional and / or global business and information technology colleagues across CTC as issues emerge and reporting them timely to management and other stakeholders
Staying current with evolving industry and regulatory changes, and analyze impact to business objectives, processes, and compliance
Review and assessment of legal obligations that are applicable to the laws, rules and regulatory requirements within CTC's finance
Broader Department Roles and Responsibilities:
Monitoring of relevant Risk Events in the RED
Issues and AP coordination
Interaction with other CTC Finance Control Programs
Quarterly review/analysis of Business & IT controls issues identified by Audit, CORE and management testing
PwC and Internal Audit liaison
Qualifications
4+ years of experience in financial services industry with background in controls, audit, quality assurance, operational risk management, or compliance preferred; or equivalent subject matter expertise in a relevant business related function/operation
Able to communicate and present effectively to senior leaders and relevant stakeholders
CPA and/or an MBA is preferred
Analytical skills and attention to detail
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) preferred
Ability to work in an evolving environment, manage multiple projects and support a growing business
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.