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Vice President - Capital & Liquidity Policy - Wholesale & Counterparty Credit Risk Policy at JPMorgan Chase Bank, N.A.

Posted in General Business 30+ days ago.

Type: Full-Time
Location: Brooklyn, New York





Job Description:

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 the 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 Basel 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 provide support in the Wholesale and Counterparty Credit Risk stripe.

Responsibilities

The candidate will be responsible for analyzing regulatory capital implications of proposed transactions and the development and documentation of regulatory capital guidance. 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:


  • Initially assist senior level SMEs within the group develop, document, and maintain key rule interpretations and guidance for credit related (wholesale & counterparty credit risk) U.S. Basel Capital rules (Basel III Standardized and Advanced), as well as Capital Numerator, Supplementary Leverage Ratio, CCAR and Operational Risk.
  • Over time candidate would be expected to take on ownership of their own portfolio of responsibilities, in conjunction with learning and becoming a SME in the regulatory capital rules.
  • Support Basel IV advocacy efforts and support the Firm's Basel IV implementation project..
  • Assist with point of contact responsibilities for one or more credit related lines of business covered within the hiring sub-group of CP&O: Asset and Wealth Management (AWM), Corporate and Investment Bank (CIB), and Commercial Banking (CB) - proactively gaining an understanding of LoB activities and working closely with business partners and finance to resolve emerging issues or questions related to Basel III RWA treatment.
  • Participate and represent the firm in industry forums related to regulatory capital.
  • Prepare materials for, and participate in, meetings with supervisors.
  • Maintaining the internal RWA guidance documents relating to counterparty and wholesale credit risk.

The position offers broad insight into credit products across the bank, as well as the unique opportunity to develop deep subject matter expertise in the US Regulatory Capital 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 credit related financial products.
  • 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).
  • Experience in regulatory capital calculation and reporting infrastructures.
  • Experience in running 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





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