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CTC Risk - Liquidity Risk Oversight - Associate - New York at JPMorgan Chase Bank, N.A.

Posted in General Business 13 days ago.

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Type: Full-Time
Location: New York, New York

Job Description:

Group Description

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.


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.

Equal Opportunity Employer/Disability/Veterans