Liquidity Risk is the risk that the Firm will be unable to meet its contractual and contingent obligations or that it does not have the appropriate amount, composition and tenor of funding and liquidity to support its assets. The Firm has a Liquidity Risk Oversight (LRO) function whose primary objective is to provide assessment, measurement, monitoring, and control of Liquidity Risk across the Firm. LRO is an independent risk management function having responsibility for firmwide oversight.
LRO participates in critical projects, including regulatory submissions such as Recovery & Resolution, Comprehensive Liquidity Analysis & Review(CLAR), Internal Liquidity Adequacy Assessment Process(ILAAP), among others.
Responsibilities include, but not limited to:
Establishing and monitoring limits, indicators, and thresholds, including liquidity appetite tolerances
Defining, monitoring, and reporting internal firmwide and legal entity stress tests, and monitoring and reporting regulatory defined stress testing
Invovled in risk review and challenge of liquidity stress testing assumptions and interpretations
Monitoring and reporting liquidity positions, balance sheet variances and funding activities
Conducting ad hoc analysis to identify potential emerging liquidity risks.
Education/Qualifications
An excellent academic record and Bachelor's degree in Business-Administration / Economics / Finance / Mathematics / Engineering from a reputed institute are required; Certifications in related quantitative field (CFA/FRM/other) is preferred.
Skills required in a Candidate
3-5+ years experience in:
Liquidity risk / treasury functions; and/or
Market risk or Credit Risk or
Finance function in Banking
Understanding of balance sheet analysis, especially for Banks for traditional banking and complex non-banking products is preferred
Understanding of Liquidity norms and requirements under US LCR requirements is preferred
Experience in Liquidity Risk management or quantitative, financial and risk management techniques & systems preferred
Understanding of the governance and controls surrounding risk monitoring including, stress testing, various return measures and experience with development or review of stress assumptions involving high level of judgment
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
Excellent oral and written communication skills
Demonstrated ability to work effectively and independently across different businesses and functional areas
Inquisitive nature; Motivated by learning and continuous improvement
Strong technical skills in Excel, Powerpoint, Access, VBA, Tableau and Bloomberg - ability to automate periodic tasks involving multiple/large data set
Specific responsibilities
Identify, assess and monitor liquidity risks related to the Firm's business activities for Banking products (deposits, loans, commitments, etc.), primarily focusing on Corporate & Investment Banking and Commercial Banking
Participate in the development and independent review of proposals for liquidity risk monitoring, metrics and stress tests for Lines of Businesses in partnership with LOB/Corporate Treasury
Ongoing review of assumptions and metrics for appropriate consistency across lines of business.
Provide independent risk oversight on short and long term forecasts developed for the LOBs
Develop appropriate analytics for senior management, business partners, risk committees and regulators
Provide independent risk oversight on adherence to the liquidity risk framework for the LOBs
Coordinate with other LRO leads to ensure consistency in approaches and awareness of ongoing projects
Play a key role in the development and build-out of the liquidity risk management process and infrastructure
Conducting ad hoc analysis to identify potential emerging liquidity risks. Provide periodic updates to senior management on liquidity developments
Analyze and prepare daily commentary for risk reports including stress / LCR changes, balance sheet changes and indicator breaches
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.
