The Treasury and the Chief Investment Office (TCIO) within JPMorgan is responsible for firm wide asset and liability management for one of the world's largest global financial institutions with a $2.5 trillion balance sheet, including more than $900 billion in loans and $1.4 trillion in deposits. Because it sits at the very center of the firm, TCIO directly influences the composition of the firm's balance sheet as well the activities of the firm's four main lines of business (LOBs): Asset & Wealth Management, Commercial Banking, Corporate & Investment Bank, and Consumer & Community Banking.
The Corporate Treasury Middle Office (CTMO) is part of the TCIO organization and provides support for the Firm in regards to both liquidity and structural interest rate risk (SIRR) reporting. Key responsibilities include:
Overseeing the operating model that supports the aggregation of data used in the Firm's risk management and ALM functions (i.e. balance sheet detail, forecasts, and assumptions). This includes the execution of key data integrity controls, reconciliations, adjustments, and analytics.
Coordinating the production of several Firmwide, LOB, and Legal Entity level risk reports (i.e. 5G, LCR, Stress, EaR, DV01, EVS) by expected deadlines. This involves working with contacts globally to quickly research and explain variances in calculated risk measures and "what if" scenarios to facilitate sign-off by senior risk stakeholders prior to report distribution internally and to regulators.
Partnering with internal data source providers and risk stakeholders across all lines of business to complete data investigations and resolve data quality issues with the goal of improving the timeliness and accuracy of all risk reporting on a continual basis.
Responding to internal or regulatory requests to complete ad hoc data analysis or produce custom reports as needed.
The team has locations in North America (Delaware and NY Metro), Europe (UK, Poland) and Asia (Hong Kong, India).
Responsibilities:
The Vice President of Risk Reporting will manage a small team of Product and Process owners as part of a larger global team responsible for critical risk reporting in a fast paced and data driven environment. There is significant exposure across the firm due to the scope of the reporting including to people, products, and technology. Key responsibilities include:
Managing the production environment for all key interest rate risk reports distributed by the team including Basis Point Value (BPV), Economic Value Sensitivity (EVS), and Earnings at Risk (EaR) while working internally with key process stakeholders to track and facilitate resolution of issues. Prior understanding of these risk measures is not required.
Coordinating the execution and analysis of all SIRR scenarios and risk calculations that makeup the content of the reported results. This includes managing the execution of all quality controls checks, analytics, and adjustments to ensure results are complete and accurate. The team executes more than 75 interest rate scenarios on a weekly basis across the Firm's entire balance sheet. Results are presented and reviewed with the IRR Strategy team on a daily basis.
Managing and developing the team of people who support the end to end process including training, performance reviews and talent development. The team is made up of ~10 Product and Process owners who each play key roles in the reporting process.
Working with CTMO peers, Technology, Program Management, and LOB stakeholders to continually improve the end to end operating model and data quality while delivering on strategic business objectives. This includes driving improvements to the SIRR platform (ALMonD - Asset Liability Management on Demand).
Facing off with internal and external auditors and regulators as needed. The team is audited at least twice a year and responds to several ad hoc regulatory requests.
Coordinating updates to internal risk stakeholders as needed on the status of key business objectives while leading projects internally.
Leading business review and metrics meetings with internal business and risk stakeholders to review KPIs\\KRIs.
Adopting and developing the skillset in the team to utilize robotics process automation tools to tactically solve problems while enhancing the team's analytical capabilities.
Qualifications:
7+ years' experience in financial operations with an advanced degree in Finance or a STEM discipline. Prior experience in risk\\financial reporting, balance sheet analysis and\\or asset and liability management is a plus.
Some understanding of financial concepts and calculations pertaining to interest rate risk management and the cash flows for major products on a Bank's balance sheet.
Strong analytical skills including the ability to complete data investigations and summarize findings in a clear and meaningful way.
Prior experience managing and developing a team of people.
Proven leadership experience including ability to facilitate project and process improvements across a large organization.
Strong technical skills. Experience with SQL and Robotics Process Automation or data visualization tools such as Tableau are a plus.
Independent critical thinking, problem-solving and decision making talents.
Ability to work under pressure, prioritize, multitask, and bring tasks to complete closure.
Organized and able to execute responsibilities with minimal supervision.
Strong written and verbal communication skills with ability to prepare executive level presentations.
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.
