The Treasury/Chief Investment Office (T/CIO) is responsible for Firm-wide asset and liability management, including:
Aggregating and managing the interest rate risk of the firm's four main lines of business (LOBs), primarily through a ~$300 billion global investment securities portfolio.
Managing the firm's funding and liabilities through ~$250 billion in long-term debt and other funding sources, and managing nearly $400 billion 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 billion company-sponsored retirement plan.
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 lines of business: Asset Management (AM), Commercial Banking (CB), Corporate & Investment Bank (CIB) and Consumer & Community Banking (CCB).
The execution middle office provides transaction analysis, P&L and risk, and project support to the T/CIO desks which execute transactions and manage resulting positions. You will participate in the effort to ensure the business's dynamic environment is well supported and properly controlled. Due to the constant evolution of business and regulatory initiatives, your role will necessitate your involvement in daily processes as well as special projects. You will work closely with Portfolio Managers to fully understand business drivers and support requirements, as well as colleagues within settlement, financial control, market risk, interest rate risk, liquidity risk, and technology.
A qualified candidate will possess a financial mindset, an appreciation for complex system flows and the controls necessary to ensure their accuracy, a thorough understanding of financial instruments and relevant accounting principles, an aptitude for root/cause analysis, and an overriding eagerness to exhibit leadership and drive.
Key Responsibilities :
Keenly understand all key processes supporting daily reporting of book: P&L calculations, risk models, end of day mark sources, and data flow from trade capture through centralized Firm-wide aggregators.
Provide subject matter expertise on matters of complex accounting including FAS115 and FAS133.
Utilizing disparate data sources and a centralized data warehouse, review, understand, explain and report day-over-day move in position, risk and P&L.
Provide relevant analyses and commentary to portfolio manager(s) in order to facilitate their daily book(s) review and sign-off.
In close association with colleagues across the Firm, utilize reconciliation tools and other control procedures to identify and resolve trade/position/risk/P&L discrepancies in a timely manner. Escalate issues as necessary and distill key messages for management consumption.
Develop and maintain key metrics to indicate health of individual processes.
Prepare ad hoc analyses to provide historical context, support business arguments, and/or ensure accuracy of results.
Participate in the identification or development of technology to support new business flows.
Generate test cases and execute user acceptance testing to ensure new technology delivers and functions as expected.
In support of business initiatives, participate in global working groups with colleagues from other disciples or other regions. Deliver substantive and meaningful contribution to group's work product.
Build and maintain strong business, operations and technology relationships.
Develop written procedures covering all aspects of required business as usual tasks.
Participate in cross-functional training to ensure adequate coverage.
8+ years of equivalent or transferrable experience
Support junior team members in everyday tasks by providing oversight and necessary coaching
Strong analytical skills to understand a diverse set of sophisticated cross-asset products and complex end-to-end workflow
Detail-oriented with a strong control mindset and experience in reconciliation across multiple systems
Keen attention to detail and a methodical approach to problem solving
Effective organization and communication skills
Ability to multi-task & prioritize in a fast-paced environment
Strong interest in process improvement, automation, and system enhancement
Base of general financial instrument product knowledge
Advanced Excel skills required
MS PowerPoint proficiency a plus
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.